[10] The IMV 0 was also showcased during Toyota Motor Philippines' 35th anniversary event on 22 August 2023 as the Next Generation Tamaraw Concept with two variants, a pick-up truck similar to the Rangga Concept flat-deck truck, and a modern Jeepney, highlighting the IMV 0's modularity.

[33] The Tamaraw held its nationwide launch on 6 December 2024,[34][35] having already started production at Toyota's Santa Rosa plant on 28 November 2024.

[38][39] The vehicle adopts a rugged styling, with extensive use of angular, boxy lines,[40] and was designed with modularity in mind as owners through body builders are able to mount a customized rear section to the chassis using bolts, making conversions easier.

[citation needed] Sharing its platform with the Hilux, it uses the same ladder frame underpinnings with leaf spring suspension at the rear axle.

The steering rack is also modified from the Hilux to create shorter turning radius at 4.9 metres (16.1 ft) for the short-wheelbase version.

[15] As standard, the Thailand spec vehicle is equipped with 14-inch steel wheels, bench seats that accommodates three people (except the automatic transmission variant), driver side power window, dual airbags, ABS, and EBD.