The team debuted in April 1973 as the
Komatsu Komets for the
PANAMIN basketball tournament. In June 1973, it joined the
Manila Industrial and Commercial Athletic Association (MICAA) as the Toyota Comets and emerged as champions in its maiden tournament. In January 1975, five MICAA teams met together at the Elizalde & Company canteen to sign a pre-organizational agreement for the formation of what is now known as the
Philippine Basketball Association.
Dante Silverio,
Ricardo Silverio's nephew, was the official representative of Toyota who signed on the dotted line. In November 1976, the team changed its name to the "Toyota Silver Tamaraws" (a
tamaraw is a small buffalo). In the 1977 season, the name was shortened to the Toyota Tamaraws. That same year, the Silverio group debuted its new MICAA team, Crown Motor Sales (later playing in 1979 as
Frigidaire and
MAN Diesel). The MICAA team, like their PBA counterparts, were likewise successful in the MICAA and was one of three the powerhouse teams of the MICAA, along with Solid Mills and Imperial Textile Mills (ITM). In 1978, FILMANBANK, a bank owned by the Silverio group, joined the PBA after acquiring the
7-Up Uncolas' franchise. In 1981, the team was renamed the Toyota “Super Diesels,” and in 1982 as the “Super Corollas.” When the
1983 season unfolded, they again changed their name to the Toyota “Silver Coronas” but reverted to the Toyota Super Corollas during the
1983 Open Conference. After the 1983 season, they traded longtime starting power forward
Abe King to the
San Miguel in order to cut the total payroll. However, due to corporate losses caused by the prevailing economic crisis, the team came to an end when
Delta Motors Corporation sold its PBA franchise to the
Lucio Tan group on February 14, 1984. The new franchise debuted in the PBA as
Beer Hausen in 1984. In February 1984, the Toyota franchise officially took a leave of absence from the league after suffering from huge losses in terms of revenues. ==Season-by-season records==