Announced on October 2, 2024, the Association of Indonesian Automotive Industries (Gaikindo) said the weakening of local car production is inseparable from the sluggish car sales throughout 2024.
Based on the Gaikindo’s data, local car production in August 2024 reached 107,263 units (down 14.6% YoY). Car production i

Reported on June 11, 2024, Vietnam continued to be one of the world’s largest motorcycle markets. In Q1/2024, data shared by the Vietnam Association of Motorcycle Manufacturers (VAMM) showed that sales of 603,745 motorbikes from Honda, Yamaha, Suzuki, Piaggio and SYM brands were recorded.
However, motorbike sales in

Reported on February 7, 2024, Chairman of the Association of Indonesia Automotive Industries (Gaikindo) pointed out several challenges that the Indonesian commercial vehicle market may face. One of them is the impact of the COVID-19 pandemic which still leaves heavy trauma for many companies. 
Many companies have bee

On December 20, 2023, Federation of Thai Industries (FTI) announced that vehicle production in November 2023 reached 163,337 units. The figure climbed 2.9% MoM but decreased 14.1% YoY from the high base level in the same period in 2022 as both the semiconductor shortage issue and the COVID-19 situation began to unfol

On October 24, 2023, Federation of Thai Industries (FTI) announced that vehicle production in September 2023 reached 164,093 units, down 8.4% YoY but grew 8.9% MoM. Vehicle production for domestic sales and exports in September contributed 36.56% and 63.44% respectively. In the first 9 months of 2023, vehicle product

Announced on July 25, 2023, The Association of Indonesian Automotive Industries (Gaikindo) stated that Indonesia is currently the 11th largest car producing country in the world, skipped from the 15th place previously. The Minister of Economy expected Indonesia to stay among the top-10 countries.
Gaikindo said it wil

Reported on June 15, 2023, the Federation of Thai Industries (FTI) has expressed concern about another global chip shortage, caused by Beijing's announcement of trade controls from August 1 on some gallium and germanium products. As these products are critical for the chip and EV industries, many companies are now st

Reported on June 23, 2023, the Vietnamese government has released the Decree to extend deadline of the excise tax payment on domestically manufactured or assembled cars, applies to amounts arising in the tax period of June, July, August, and September 2023. The extension period is from the end of the deadline for pay

According to the Federation of Thai Industries (FTI), May vehicle sales in Thailand increased 0.5% year over year (YoY) to 65,088 units from the same period in 2022. Sales in January-May 2023 reached 341,691 units, slid 4.9% from the same period in 2022. In addition to the more strictness in auto loan approval proces

On June 22, 2023, Federation of Thai Industries (FTI) announced that vehicle production in May 2023 grew 16.5% YoY to reach 150,532 units, a MoM increase of 28.0%. Vehicle production for domestic sales and exports in May contributed 40.41% and 59.59% respectively. In the first 5 months of 2023, vehicle production cli

Reported on June 21, 2023, the Indonesian Motorcycle Industry Association (AISI) will hold the Indonesia Motorcycle Show (IMOS) from October 25-29 at the Indonesia Convention Exhibition (ICE) BSD, Tangerang, Banten, under a new concept that is in line with the end of the COVID-19 pandemic, the rapid development of au

Announced on June 19, 2023, a Philippine delegation led by Trade and Industry Secretary, for the first time since the COVID-19 lockdown, will run a “Europe Investment Roadshow”, starting from June 18 to July 6, 2023. It will start in France on June 18-21, in parallel with the 10th Philippines-France Joint Economic Co

Reported on June 6, 2023, the Thai Ministry of Industry is set to propose to the Finance Ministry’s Revenue Department that the new government considers extending the 14% excise tax benefit for eco-car makers, which will be expired at the end of 2023, for 2 more years, in order to provide more time for them to prepar

In the first quarter of this year, Passenger Vehicle (PV) sales in Thailand surged by 9% while Light Commercial Vehicle (LCV) sales plunged by 21% compared to last year. As a result, the market share of the PV segment improved from an average of 51% of total LV sales during the pandemic period between 2020-2022 to an

According to the Federation of Thai Industries (FTI), April vehicle sales in Thailand decreased 6.1% year over year (YoY) to 59,530 units from the same period in 2022. The negative factors mentioned by the FTI include the more strictness in auto loan approval process of financial institutions, amid the rising househo

On May 24, 2023, Federation of Thai Industries (FTI) announced that vehicle production in April 2023 declined 0.1% YoY to reach 117,636 units, a 34.6% drop MoM due to fewer working days in April. Vehicle production for domestic sales and exports in April contributed 42.27% and 57.73% respectively. In the first 4 mont

Reported on May 3, 2023, Naza Automotive Group, the Malaysian importer and distributor of cars revealed its plan on a new venture into the EV market, with the segment contributing 25% to its total annual revenue in the next 5 years.
According to the group’s CEO, Naza wanted to bring new EV brands to join its portfoli

On January 5, 2023, Perodua Malaysia announced its business achievements in 2022 when its vehicle sales noted the best performance on record so far with 282,019 units sold, up 48.2% from 2021. Its full list of targets for 2023 will be unveiled later.
In term of production, its 289,054 units in 2022 marked a 49.5% g

Announced on December 2, 2022, Peredua’s production, as well as its monthly and year-to-date sales performances recorded new highs in November.
Perodua sold 250,795 cars in the first 11 months of 2022, up 50.0% from 167,250 units sold in the same period in 2021 when the COVID-19 lockdown (initiated between June and m