The safeguard duty bonds imposed on imported vehicles have been formally rescinded by the Department of Trade and Industry (DTI). As a result, expect carmakers to implement price adjustments on their offerings, at least for those who factored in the tariffs when it came to pricing.
Customers will now have another reason to consider the Navara midsize pickup
One of those is Nissan Philippines, which recently announced that prices for its Navara midsize pickup will be adjusted accordingly. The recently-launched generation of the model is sourced from Thailand, which means it was included in the list of imported vehicles that were required to carry the tariff.
“Nissan welcomes the decision of the Tariff Commission and Department of Trade and Industry not to implement definitive general safeguard duties on imported vehicles", said Nissan Philippines President and Managing Director Atsushi Najima. “We believe this move greatly benefits our customers and the automotive industry as a whole.”
The Nissan Navara will be officially sold at the following updated prices effective August 12:
| Variant | Previous SRP | New SRP |
|---|---|---|
| 2.5 EL M/T 4x2 | Php 1,149,000 | Php 1,026,000 |
| 2.5 VE Calibre M/T 4x2 | Php 1,369,000 | Php 1,246,000 |
| 2.5 VE Calibre A/T 4x2 | Php 1,459,000 | Php 1,336,000 |
| 2.5 VL Calibre A/T 4x2 | Php 1,599,000 | Php 1,336,000 (additional Php 15,000 for Aspen Pearl White) |
| 2.5 VE M/T 4x4 | Php 1,499,000 | Php 1,376,000 |
| 2.5 VL M/T 4x4 | Php 1,699,000 | Php 1,576,000 (additional Php 15,000 for Aspen Pearl White) |
| 2.5 VL A/T 4x4 | Php 1,779,000 | Php 1,656,000 (additional Php 15,000 for Aspen Pearl White) |
| 2.5 PRO-4X A/T 4x4 | Php 1,849,000 | Php 1,746,000 (additional Php 15,000 for Aspen Pearl White) |
The company adds that customers who bought the 2021 Navara between April 8 and August 11 this year are entitled to a zero-interest rebate of the duties that were included in the original price. They will be contacted by their respective Nissan dealerships on how to avail of the rebate.
Pick up more automotive industry updates at Philkotse.com.