Car production in 2022 up 11.7%, says FTI

Car production in Thailand in 2022 increased 11.7% from the year before to 1.88 million units, the Federation of Thai Industries (FTI) said on Tuesday.

Car production in 2022 up 11.7%, says FTI
Business

Car production in 2022 up 11.7%, says FTI

Domestic sales rise 11.9% on the year and exports up 4.3%

published : 24 Jan 2023 at 14:04

writer: Reuters

Visitors check out the latest car models at the Thailand International Motor Expo at Impact Muang Thong Thani in late November. (Bangkok Post File Photo).

Car production in Thailand in 2022 increased 11.7% from the year before to 1.88 million units, the Federation of Thai Industries (FTI) said on Tuesday.

Domestic sales of passenger cars and pickup trucks increased 11.9% on the year, while exports increased 4.3%, said Surapong Paisitpattanapong, a spokesperson for the FTI’s automotive industry division

Output rose 2.75% in December from a year earlier to 158,606 units, after a 15% rise in the previous month. However, sales dropped 9% to 82,799 units due to a lack of semiconductors in some car models and flooding in parts of the country, he said.

Car exports in December rose 10.1% from a year earlier to 111,605 vehicles, he said.

Thailand is a regional vehicle production and export base for some of the world’s top car makers, including Toyota and Honda. The industry accounts for about 10% of the economy and its manufacturing jobs.



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