With the provisional safeguard measures in effect, several automakers are announcing price adjustments to their line-ups. The latest to do so is Mitsubishi Motors Philippines Corp. (MMPC), and it's a mix of good news and bad news for those planning to buy one soon.
Let's start with the good news. Not all Mitsubishi vehicles are affected by the safeguard bond. There are a total of five models exempt – the Mirage, Mirage G4, L300, Outlander PHEV, and Montero Sport 4x4. The Mirage, Mirage G4, and L300 are exempt because these are locally assembled. The Outlander PHEV gets a pass too due to its powertrain. As for the Montero Sport 4x4, it is possible that it dodged the bond because of its FOB (Freight on Board) price. Curiously, the Pajero wasn't mentioned in the list. Does this mean the stocks have dried up? It's no longer listed on the local website, either.
Moving on to the bad news. The rest of the Mitsubishi Motors Philippines line-up gets slapped with the cash bond. Models that require a PHP 78,400 bond are the Xpander, Xpander Cross, and all 4x2 versions of the Montero Sport. All Strada variants carry a PHP 123,200 bond on top of their suggested retail prices. Even the entry-level Cab and Chassis model wasn't spared.
There is another bit of good news, though. According to MMPC, there are still some dealerships with Xpanders, Montero Sport 4x2s, and Stradas in stock that are not affected by the bond yet. This is because these units arrived before the implementation of the safeguard measure. You have to move fast to get these models; it won't be long before they run out. So if you're in the market for a Mitsubishi, it's time to call those dealers up and see which ones still have it.