BANGKOK, Nov 18 (NNN-TNA) – The Federation of Thai Industries (FTI) reported that, Thailand in Oct, produced 149,360 vehicles, down by 2.24 percent from the same period last year. Of the amount, 82,157 or 55.01 percent were produced for local markets.
Domestic car sales also shrank for the 17th straight month in Oct, down 1.4 percent from a year earlier, to 74,114 vehicles, after a 4.1 percent fall in previous month.
Surapong Paisitpatanapong, FTI’s vice chairman said, at yesterday’s press briefing that, there was an 18.81 percent increase in the second consecutive month, as demand for pick up trucks had slightly increased, thanks to the Thai government’s easing of COVID-19 lock-down restrictions.
Meanwhile, export-oriented production dropped by 19.65 percent to 67,203 vehicles, according to FTI.
From Jan to Oct this year, Thailand produced 1,112,426 vehicles, down by 35.53 percent year-on-year, FTI reported. During the same period, it exported 592,829 automobiles, down by 34.61 percent year-on-year.
The export value stood at 329,020 million baht (10.9 million U.S. dollars), down by 29.85 percent year-on-year.
Thailand is a regional vehicle production and export base, for the world’s top automobile manufacturers.– NNN-TNA
