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Thailand: Car production shrinks

Thailand’s automobile production output will remain at 2 million units this year against the 2.45 million units manufactured in 2013.

Thailand’s automobileproduction output will remain at 2 million units this year against the2.45 million units manufactured in 2013.

The production fall is due to weak demand in the domestic market, according to the Federation of Thai Industries (FTI). 

According to the FTI’s spokesman Surapong Paisitpatanapong, amongproduced cars, 900,000 will be sold in the domestic market and theremainder is bound for other countries. 

He expressed his hope that the tepid domestic market will recover from December following a large-scale car exhibition. 

According to the FTI, in October alone, the country produced 159,000vehicles, which dropped 13.7 percent compared to the same period lastyear. Of the figure, 70,000 were sold, a year-on-year decrease of 20percent.

Some 93,000 units were shipped abroad during the time,marking October the third consecutive month the automotive industrysuffered a decline in export./.

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