Ayala Corp exits Honda dealership business in the Philippines

Core Insights - Ayala Corporation is exiting its Honda dealership business in the Philippines by the end of the year, ending a partnership that has lasted over 30 years [1] - The decision was made in conjunction with Honda Cars Philippines Inc, indicating a strategic shift for Ayala towards the electric vehicle segment [1][2] Group 1: Business Transition - Ayala's ACMobility unit will transfer its Honda dealership operations, managed by Iconic Dealership Inc, to new dealer principals by the end of 2025 [2] - This transition is part of Ayala's strategy to focus on the rapidly growing electric vehicle market [2][5] Group 2: Market Dynamics - ACMobility's current dealership portfolio includes brands such as Honda, Isuzu, Kia, and BYD Auto, which has become the leading battery electric vehicle (BEV) brand in Southeast Asia [3] - BYD delivered 6,700 vehicles in the Philippines in the first half of 2025, a significant increase from 200 units in the same period last year, while Honda's sales rose by nearly 4% to 8,220 units [4] Group 3: Strategic Focus - The CEO of ACMobility, Jaime Alfonso Zobel de Ayala, stated that the transition reflects the company's efforts to optimize its portfolio and focus on sustainable mobility and electrification initiatives [5]