On January 29, 2024, Federation of Thai Industries (FTI) announced that vehicle production in December 2023 reached 133,621 units, down 15.8% YoY, and slid by 18.2% MoM due to fewer working days in December. According to the FTI, the November 2023 vehicle production figure has been adjusted from 163,337 units to 163,

On February 28, 2023, Thailand-based AAPICO Hitech PLC (AH) announced that its total revenue in Q4/2022 increased by 34.7% YoY to reach THB 7,878 million. The increase in revenue was driven by its automotive parts business. Higher volume from major customers, new model launch, new product launch, new order from overs

Reported on January 3, 2023, the Federation of Thai Industries (FTI) anticipated around 5-10% hike in car prices in 2023, both in Thai and overseas auto markets, mainly attributable to the ongoing semiconductor shortage issue.
According to the automotive club of the FTI who believed that local car production in 2023

Reported on February 4, 2022, Mercedes-Benz Thailand predicted a double-digit rise in its 2022 local car sales in the face of prolonged coronavirus crisis and global chip shortage issue. Such growth can be projected thanks to the rising demand for luxury cars in Thailand and all Mercedes-Benz’s marketing campaigns to

On January 27, 2022, Toyota Motor Thailand announced both its business performance in 2021 and projection for 2022. Despite the ongoing coronavirus crisis and parts supply shortage, such as semiconductors issues, the carmaker managed to retain its no.1 market share of 31.6% with total sales of 239,723 units (down 1.9

Announced on January 24, 2022, Federation of Thai Industries (FTI) forecasted that 2022 vehicle production will grow 6.8% from 1,685,705 units in 2021 to reach 1.8 million units, of which 1 million units will be production for exports (up 4.5%), while 800,000 vehicles will be produced for domestic sales (up 9.7%).
Fo

On January 17, 2022, Mazda Sales Thailand revealed that 2021 was another challenging year for automotive related businesses amid the COVID-19 pandemic and the global chip shortage crisis. In 2021 when Thailand’s automotive market was estimated to drop 4% YoY to around 762,000 vehicles, Mazda held the market share of

Reported on December 27, 2021, the Federation of Thai Industries revealed that the coronavirus (COVID-19) Omicron variant’s spread across Europe is not likely to have a severe damage on vehicle exports from Thailand as Thailand shipped around 10% of its total shipments to this market. Most cars are usually exported t

Reported on December 1, 2021, the new COVID-19 variant Omicron has been causing concern among carmakers in Thailand. According to Tri Petch Isuzu Sales, if Omicron is identified as a virulent strain, it will affect the automotive industry and overall economy. The company is worried the new variant will cause many cou

According to MarkLines Data Center, August vehicle sales in Thailand decreased 38.8% year over year to 42,176 units, hitting the lowest in 15 months, and decreased 19.6% month over month. The drop was attributed to the COVID-19 lockdown from the mid-July to August, causing customers to be more cautious with their spe

On September 23, 2021, Federation of Thai Industries (FTI) announced that vehicle production in August 2021 hit the lowest in 13 months with 104,144 units, declined 11.2% YoY and 15.4% MoM due to a shortage in semiconductors and other auto parts as the spread of coronavirus caused parts makers, both domestic and over

Reported on September 4, 2021, Thailand government plans to adopt a proactive approach to curbing the spread of coronavirus in the manufacturing sector as new infections surge continuously, with over 60,000 workers in 881 factories affected over the past 4 months.
The Industry Ministry called a meeting for September

According to MarkLines Data Center, July vehicle sales in Thailand decreased 11.6% year over year to 52,442 units and 15.1% month over month. The drop was attributed to the COVID-19 lockdown from the mid of July, causing customers to be more cautious with their spending, as well as car deliveries’ postponement or can

Reported on August 30, 2021, the ongoing semiconductor and other auto part shortage as well as the new wave of coronavirus continue to hit Thailand automotive production continuously. AutoAlliance Thailand (AAT), a joint venture production facility of Ford and Mazda, has announced temporary production suspension from

On August 25, 2021, Federation of Thai Industries (FTI) announced that vehicle production in July 2021 totaled 122,852 units, down 8.5% MoM due to a shortage in semiconductors and other auto parts in some car models but increased 37.5% compared to the low figure in July 2020 amid the spread of coronavirus. Vehicle pr

Reported on August 9, 2021, Nissan Motor Thailand president intends to increase export sales in line with the global economic recovery and it will focus on markets with high potential like the Middle East, as the Thai market continues suffering from the ongoing coronavirus lockdown.
Nissan recorded local sales of 39

According to MarkLines Data Center, June vehicle sales in Thailand increased 11.9% year over year to 64,974 units.
January - June sales were up 13.6% to 373,191 units. Negative factors cited by FTI still include the third wave of COVID-19 that limits the economic activities and lower customers’ purchasing power, the

Reported on August 3, 2021, Honda Automobile Thailand revealed that its production plant in Prachin Buri, which makes small cars such as Civic, City series, and Jazz, will be suspended from August 3-5 as workers at its parts supply chain and logistic firms were found to be positive with the coronavirus. Production at

Reported on August 4, 2021, Thai National Shippers' Council (TNSC) said exporters are concerned about their prospects after COVID-19 infections have spread to at least 1,500 factories. In case infections hit 3,000 factories, especially to the labor-intensive sectors of food, auto parts, electronic parts and textile s

Reported on July 27, 2021, Thailand Interhides Plc (IHL) revealed that its business operations are still at normal level, despite that carmakers, which are IHL’s customers have to reduce their working time under the coronavirus lockdown measures, thanks to IHL’s furniture business which has high potential for growth