Auto production projected to exceed 2.2 million units this year

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BANGKOK, May 17 – The Federation of Thai Federations (FTI) projected Thailand’s automobile production will reach 2.2 million units this year, resulting from resumption of full capacity operations, FTI Automotive Industry Club spokesman Surapong Paisitpattanapong said on Thursday.

April auto production was recorded at 142,312 units, an increase of nearly 60 per cent year-on-year.  Production for domestic sales accounted for 86,886 units or 61 per cent of total production.

Auto production for the first four months of this year was nearly 642,000 units, an increase of 15 per cent from the same period last year. Fifty-six per cent or nearly 360,000 units were built for domestic sale while 39 per cent or 55,000 units were produced for export. Auto exports from January to April accounted for 282,225 units or nearly 44 per cent of all output.

Auto sales in April were some 87,800 units, an increase of 30.5 per cent year-on-year but a drop of 21 per cent compared to the previous month. Increased sales were supported by more production for orders.

In the first four months, sales rose to more than 367,000 units, up 20 per cent, compared to the same period last year.