Thailand’s automobile production in September hit a record high of 228,500 units, the most since the country started assembling automobiles in 1961.

Surapong Phaisitpattanapong, spokesman for the Federation of Thai Industries’ automobile industry club, said September production increased by 31.2% year-on-year.

Year-to-date production reached 1.71 million units, a 32.8% increase year-on-year.

Exports of Thai-built vehicles in September also hit a record high of 98,268 units.

Thailand began exporting automobiles in 1988.

September exports were worth 47.2 billion baht, a rise of 8.4% from the previous year.

Year-to-date exports reached 735,254 units worth 352 billion baht, a 15% increase.

Mr Surapong said automobile production for the fourth quarter is estimated at 678,281 units, which would bring the annual output to 2.3 million.

Thailand is scheduled to celebrate producing 2 million automobiles on Nov 30 at Muang Thong Thani.

The country is projected to become the world’s 13th-largest auto producer this year, and the government is aiming at top-10 status in five years.

via Auto boom continues | Bangkok Post: business.

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

Moody’s affirms Thailand’s Baa1 rating and keeps outlook stable

The affirmation of the Baa1 ratings reflects Moody’s expectations that Thailand will continue to display economic resiliency to future shocks, underpinned by its large and diverse economy and strong macroeconomic policy effectiveness.

APAC region records 119% QoQ growth in M&A deal value in Q2 2022

India, Australia and China were the top three countries when measured in terms of M&A deal value in Q2, with India accounting for half of the top 20 deals. South Korea, Indonesia, Malaysia, and Japan were the next top countries that contributed to a surge in M&A deal value.

SET market report for March 2022

SET Index in the first quarter of 2022 was driven by industry groups which benefit from the country reopening, as such Services, Technology and Resources industry groups rose at a faster pace than the SET Index at end-2021.