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Thailand’s automobile production reaches new record

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

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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.

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