Thailand’s auto production in Jan-Aug fell by 42pc from the prior year to 812,721 units. With four months more to go, the Federations of Thai Industries (FTI) says the target of achieving 1.4mn units seems possible.

 

Total auto production includes passenger cars, buses, pickup-truck and trucks. Production of passenger cars dipped by 45pc in the first eight months to 308,140 units compared to 2019. In the same period bus, pick-up truck and truck production dipped by 48pc, 40pc and 42pc respectively. 

 

To achieve the goal around 150,000 units need to be produced monthly, says FTI who are optimistic of automotive industry which is expected to pick up in the remaining of 2020. 

 

In August, production reached 117,235 units, down by 29pc from the prior year but up by 31pc from July. Domestic car sales in Thailand fell by 12.2pc in August from the prior year to 68,883 units. Sales in August was up 16pc from July depicting positivity in the market. From January – August, sales fell 32.9pc from the prior year to 448,006 units. 

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