Top executives from Toyota Motor Philippines (TMP), Grab Philippines, and Toyota Financial Services Philippines (TFSPH) officially signed the Memorandum of Agreement that makes vehicle replacement and regular maintenance easier for existing TNVS drivers.
The TMP-Grab Philippines partnership announced last October, is an initiative by the industry leaders to help and promote the modern livelihood of Filipinos. It is also part of the earlier- announced strategic partnership between Toyota Motor Corporation and Grab Holdings, Inc. As vehicles are the drivers’ main source of income—TMP, TFSPH, and Grab are now jointly implementing these deals for Grab drivers with TNVS franchise.
| FROM | SPECIFICS |
| Toyota Financial Services Philippines (TFSPH) | 1. A special loan package with low down payment and affordable monthly installments for existing Grab partners, with inclusion of Maintenance Package option in loan term 2. Gas Card worth P5,000 |
| Toyota Motor Philippines Corporation (TMP) | 1. Complete Maintenance Package (Option 1) a) Thirty-percent off on periodic Maintenance Parts and Labor for up to 80,000kms—actual price depends on vehicle model (includes 17 visits) b) Fifteen-percent off on battery, aircon cleaning, engine detailing, and accessories – OR – Complete Maintenance Package Light – Warranty Void (Option 2) a) Thirty-percent off on Motor Oil, Oil Filter, Drain Plug, Gasket and Labor for up to 80,000kms—actual price depends on vehicle model (includes 17 visits) b) Fifteen-percent off on battery, aircon cleaning, engine detailing, and accessories 2. P15,000 Trade-in Incentive 3. Fuel Rebate Card 4. Free Dash Cam 5. Free Air Care (1 time if maintenance package is renewed ) |
| Grab Philippines (GRAB) | Application for Car Replacement / Dropping and Substitution of existing TNVS, subject to Grab endorsement of applicant: 1. Commission Rebate for first two (2) weeks of operation |
Toyota’s wide dealer network will be a vital part of this new endeavor. All 17 Metro Manila dealerships are participating in the promos and provincial dealerships involved as of signing include Toyota San Fernando, Pampanga, and all Toyota dealers in Cebu, where GRAB is present.
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