Good read from Tito Hermoso. I hope someone from DoF will take notice.

http://www.autoindustriya.com/inside...-industry.html

I just want to add, there will also be a similarly catastrophic domino effect on related industries like the service (maintenance) and aftermarket industry. Think gas stations, carwashes, suspension shops, paint shops, dub & tire shops, tint, audio & video, etc.

And the net additional tax collection from the proposed measures, in its current form will also be negative. Which defeats the purpose of this proposed increase in excise tax. Tito's proposed alternatives look much better.