Thailand produces more than 178,000 vehicles in Feb

Domestic vehicle production expanded 15.37% year-on-year in February to more than 178,000 units, according to the Federation of Thai Industries (FTI).

Surapong Paisitpatnapong, spokesman for the FTI’s Automotive Industry Club, said a total of 178,237 cars were produced in February 2018. The number of vehicles manufactured for export stood at 98,625 units, an increase of 13.33%.

Furthermore, vehicle exports in February rose for the 4th consecutive month to 102,217 units, accounting for a 4.05% increase. Major buyers were Middle Eastern countries, the US, and South America.

Also in February, domestic car sales surged 10.3% to 75,466 vehicles. Surapong cited the Thai economic recovery as the main reason.

Should the trend continue, the spokesperson believes vehicle production will be around 2 million units this year, 1.1 million units for export and 900,000 units for domestic sales.

Information and Source

Reporter : Thammarat Thadaphrom Rewriter : Rodney McNeil National News Bureau & Public Relations : http://thainews.prd.go.th

The Federation of Thai Industries (FTI) expects auto production to top 2.4 million units this year

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The Federation of Thai Industries (FTI) has set a target of 2.4 million vehicles to be produced this year, 2.32 percent lower than 2013’s.

Spokesman of the Automotive Industry Club Surapong Paisitpatnapong said the FTI had projected that Thailand’s car production would reach 2.4 million units by the end of 2014, accounting for a 2.32 percent decrease compared to the last year’s figure.

According to him, half of the targeted 2.4 million vehicles will be exported to other countries, while the rest will be sold domestically.

In February, Thailand produced a total of 173,500 cars, a marked drop of 24.3 percent when compared to the same period of 2013.

The nation’s auto industry produced over 336,000 vehicles in the first 2 months of this year , representing a 27.7 percent drop year-on-year.

Although he expressed grave concerns over prolonged political uncertainties, he said political protests would not affect the automobile segment as much as other industries.

Source: http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5703240010009

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