The Federation of Thai Federations (FTI) projected Thailand’s automobile production will reach 2.2 million units this year, resulting from resumption of full capacity operations, FTI Automotive Industry Club spokesman Surapong Paisitpattanapong said on Thursday.

April auto production was recorded at 142,312 units, an increase of nearly 60 per cent year-on-year.

Production for domestic sales accounted for 86,886 units or 61 per cent of total production.

Auto production for the first four months of this year was nearly 642,000 units, an increase of 15 per cent from the same period last year. Fifty-six per cent or nearly 360,000 units were built for domestic sale while 39 per cent or 55,000 units were produced for export. Auto exports from January to April accounted for 282,225 units or nearly 44 per cent of all output.

automobile export
Production for domestic sales accounted for 86,886 units or 61 per cent of total production.

Auto sales in April were some 87,800 units, an increase of 30.5 per cent year-on-year but a drop of 21 per cent compared to the previous month. Increased sales were supported by more production for orders.

In the first four months, sales rose to more than 367,000 units, up 20 per cent, compared to the same period last year. (MCOT online news)

via Auto production projected to exceed 2.2 million units this year.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Low English Proficiency in Thailand Could Hinder the Country’s Development Prospects

Thailand is ranked 97th overall and second to last among its ASEAN neighbors in an assessment that looks at the average English proficiency in 111 different countries and regions.

Thailand fails to attract foreign talents

Unlike Singapore (2nd), Thailand (75th) is not an attractive country for skilled professionals who want to move abroad, according to INSEAD’s annual survey, or Global Talent Competitiveness Index (GTCI).

Thailand’s Board of Investment approves new Categories for Promotion Strategy

Following the relaxation, feasibility studies will only be required for projects with an investment value of 2.0 billion baht or more (excluding the cost of land and working capital), compared to 750 million baht previously.