Automotive industry’s growth fueled by BPO: Carmudi

The automotive industry in the Philippines is set for tremendous growth because of the country’s growing business process outsourcing (BPO) industry, according to Abhishek Mohan, the new managing director of online car classified platform Carmudi Philippines. The 35-year-old Mohan said the life aspirations of those employed in the BPO sector will continue to drive the growth of the economy in general and that of the automotive sector in particular. One of the aspirations of BPO employees is to own a car. Mohan added that the Philippines has a young population and many would-be first-time buyers, which offer a huge opportunity for the automotive industry. Carmudi has expanded beyond Metro Manila to Cebu, Bacolod, Iloilo and Davao – all areas with thriving BPO industry.