Toyota, Thailand’s largest auto-maker, says it expects the Thai auto market to grow by 9 per cent to 600,000 units this year.Toyota Motor Thailand president Kyoichi Tanada said passenger-car sales would reach 251,000 units while commercial-vehicle sales would reach 349,000 units, of which 272,000 units would be pure pickups.
Speaking at the company’s annual press conference, Tanada said there were several factors that would enable growth in 2010. In 2009, the total automobile market suffered a 28-per-cent plunge in the first half of the year, but there was a rebound in the second-half and the year ended with sales of 548,871 units, dropping by 10.8 per cent year on year.
The fall in the passenger-car market was limited to just 1.4 per cent, to 230,037 units, thanks to increased popularity of small and fuel-efficient models. The market for commercial vehicles declined by 17.9 per cent in 2009 to 318,834 units. Of these, 240,887 were pure pickup models, representing a fall of 20.4 per cent in this segment.
Toyota plans to sell a total of 257,000 vehicles in Thailand this year, up 11.5 per cent compared to 2009, and hopes to maintain the 42.8-per-cent market share it held in 2009, with sales of 111,000 passenger cars and 146,000 commercial vehicles, including 114,500 pure pickups.Tanada said he was convinced that Toyota would be able to hold on to leadership in all three major domestic markets this year.
The environmental case for remote working
Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
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