Auto sector urged to brace for impact of US tariffs

Quick Summary:

The local automotive industry must prepare for the impact of US reciprocal tariff measures set to take effect next month, which could pile further pressure on the sector, according to Kasikorn Research Center (K-Research).

Between January and February 2024, three factories in the vehicle and transport equipment sector shut down, the same number as the previous year.

Based on global standards, if capacity utilisation falls below 60%, a merger among auto companies becomes more likely, noted the research house.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Tariff Impact Year Growth Research Automotive K-research Reciprocal 2025 2024 Thailand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 05:44:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 27360885

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