Thai Auto sales in May hit a record high of more than 115,000 units, a 107.6 per cent increase, Toyota Motor Thailand Senior Vice President Wuttikorn Suriyachantananon said.
Total auto sales in May were recorded at 115,943 units, including 55,983 sedans, an increase of 137.5 per cent, 59,960 vehicles for commercial purposes, an increase of 85.8 per cent.
Automotive sales in May hit a record high monthly sales volume, resulting from the popularity of new auto models and the government’s supportive measures. Moreover, production capacity of all automakers has returned to normal, so they can now deliver more cars to customers, Mr Wuttikorn said.
Pick-up trucks in particular rose 89.4 per cent to 52,155 units.
Cumulative sales in the first five months totaled 483,052 units, an increase 33.5 per cent year-on-year. The market for sedans and vehicles for commercial purposes grew 22.6 per cent and 42.2 per cent respectively due to favourable domestic economic conditions with a high auto demand registered since the beginning of this year.
The market trend in June is likely to grow constantly and the economic crisis in the euro zone countries may not have a direct impact on the Thai economy, but the situation must be closely monitored. (MCOT online news)
Thailand Approves Latest Economic Relief Package for Businesses
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The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.
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