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.
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.(more…)
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