Car production to miss target as sales, exports fall

Quick Summary:

Thailand's total car manufacturing is unlikely to reach 1.7 million units in 2024 due to a plunge in domestic sales and exports, dealing a further blow to the sluggish automotive industry and prompting the Federation of Thai Industries (FTI) to consider revising down the target for the second time this year.

"The production target for domestic sales should be further cut and this time we may need to reduce the manufacturing target for export, too," said Mr Surapong.

In June, car exports fell by only 0.28% year-on-year to 89,071 units.

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Article Details

Category: EconomyBusiness

Markets: ThailandChileFranceGermanyIndonesiaItalyJapanMalaysiaMexico

Topics: Units Sales Manufacturing Target Club Exports September Year-on-year Million Fell Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 05:47:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 23231095

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