Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
Business

Car production up in January but sales drop

Vehicles commute on Phloen Chit intersection, Bangkok. (Photo: Apichart Jinakul)

Car production in Thailand rose 4.02% in January from a year earlier to 157,844 units, helped by higher exports, the Federation of Thai Industries (FTI) said on Tuesday.

Domestic sales, however, fell 5.58% in January from a year earlier, after December's 9% decline on-year, due to a lack of semiconductors in some car models, Surapong Paisitpattanapong, a spokesperson for FTI's automotive industry division told a news conference.

Exports jumped 24.28% in January from a year earlier after December's 10.17% rise year-on-year, and shipments could reach 1.05 million vehicles this year, Mr Surapong said.

In December, car production rose 2.75% year-on-year.

Thailand is a regional vehicle production and export base for some of the world's top car makers, including Toyota and Honda.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.