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.