Hot on the heels of their 59 percent growth rate year-on-year, Motor Image Pilipinas, the country’s official distributor of Subaru automobiles has finally declared that “the wait is over” as they pulled the wraps off their much awaited, much anticipated Subaru BRZ sports car just last night in an edgy, young launch party for owners and media.

Jakarta, Indonesia—Motor Image Pilipinas has taken the local market by storm since it opened its first showroom in 2006. Through their efforts, they have single-handedly raised Subaru as one of the most sought after and prestigious car brands in the country. Six years on, there are no signs of slowing down as Motor Image Pilipinas announced future plans at the recently concluded Indonesia International Motor Show (IIMS) in Jakarta.

With the Toyota 86 officially launching next week, Motor Image Pilipinas has already begun pre-selling their version of the acclaimed rear-wheel drive sports car. So, how much is the BRZ worth in Philippine Pesos? Well, if you're expecting a hefty discount versus the 86, you'll be disappointed. The Subaru BRZ is currently pre-selling for P 2,200,000 with deliveries starting 4th quarter of 2012.

However, the differentiating factor between the BRZ and its 86 cousin is the specs. The BRZ is expected to be better loaded, if just a tad. Preliminary specs include:

In two separate announcements, both Toyota Motor Philippines (TMP) and Motor Image Pilipinas (MI) have announced that the Toyota 86 and the Subaru BRZ will be made available to Philippine car enthusiasts.

TMP, the Philippine office of Toyota Motor Corporation has announced that the Toyota 86 (or in Europe, the GT 86) will be launched in the Philippine market. In an interview held at the sidelines of the 2011 Tokyo Motor Show, Toyota Motor Philippines President Michinobu Sugata was quoted as saying, "We are launching the Toyota 86 in the Philippines quite soon."

Speaking in a non-committal manner, another Toyota Motor Philippines executive said that the Toyota 86 is slated for a mid-2012 launch with a price tag of no more than P 2-million.

On the other hand, MI has confirmed that the Subaru version of the two-door sports coupe, the BRZ will be on sale in the Philippines by mid-2012.

This just means that both the Subaru BRZ and the Toyota 86 will be made available at roughly the same time. This equates to more choices to car enthusiasts in the country. We can't wait!

Photos courtesy of Subaru Press

UPDATED: We just had to share these additional photos with you including shots of the BRZ's interior as well as its engine.

Toyota's UK office has already unveiled the GT86 a couple of days back, and now, it's Subaru's turn. The BRZ Sports Coupe has been officially unveiled courtesy of these two shots. Of course, more shots will be available when it blows the covers at the Tokyo Motor Show.