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Thailand

FTI cuts Thailand’s 2024 car production target to 1.7 million units; negative factors revealed

Announced on July 25, 2024, The FTI decided to revise its projection on local car production in 2024 downward from 1.9 million units to 1.7 million units. The targeted vehicle production for exports stays at 1.15 million units, while production for local sales has been lowered from 750,000 units to 550,000 units.
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