Thailand cuts car manufacturing target to 1.7m in 2024

Quick Summary:

Months-long sluggish car sales have caused the Federation of Thai Industries (FTI) to reduce its car manufacturing target for 2024 to 1.7 million units, down from 1.9 million units.

Car exports in the first half of the year decreased slightly by 1.8% year-on-year to 519,040 units, according to the club.

Yesterday it reduced the target to 550,000 units as low car sales in the country are tending to persist.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Cuts Year-on-year Units Thailand Production Year Target Total Sales Manufacturing Domestic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 05:27:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 21779323

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