Thailand’s automotive industry stands at a crossroads. While it remains a significant player in the ASEAN region, its traditional strengths are under pressure from global trends and domestic challenges.
Thailand, formerly known as “the Detroit of Asia,” is losing its competitive edge as a major auto production hub an

Reported on November 28, 2024, the Thailand-based auto parts company Yarnapund PCL (YNP) has clarified its decision to lay off all its employees, which reportedly affected up to 800-900 jobs.
YNP said it has experienced financial problems and a lack of working capital for its operations amid the current conditions of

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

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

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 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 November 25, 2022, the automotive club of the Federation of Thai Industries (FTI) revealed that with production output of over 1.53 million vehicles recorded in the first 10 months of 2022, along with the YoY growth seen in both domestic sales and exports, the FTI is sanguine about achieving, or even surp

According to the Federation of Thai Industries (FTI), August vehicle sales in Thailand increased 61.7% year over year (YoY) to 68,208 units from the low base level in the same period in 2021 when the country went under the COVID-19 lockdowns until the end of August. Sales in August 2022 increased due to further lockd

On September 22, 2022, Federation of Thai Industries (FTI) announced that vehicle production in August 2022 reached 171,731 units, up 64.9% YoY (from the low base level in the same period in 2021 when the country went under the COVID-19 lockdowns until the end of August) and grew 20.1% MoM. In the month of August alo

On August 25, 2022, the Federation of Thai Industries has revised its 2022 projection for local vehicle production from 1.8 million units to 1.75 million units, of which the production for domestic sales’ expected figure was raised from 800,000 units to 850,000 units, while production for exports was set to reach 90

On August 9, 2022, Thailand’s North East Rubber Co., Ltd. (NER) announced its business results in the first half of 2022. Total sales revenue of THB 10,864.82 million was recorded in the first 2 quarters of 2022, down 3.45% YoY, divided into domestic sales revenue of THB 7,565.19 million (down 0.05% YoY) or accounte

On July 26, 2022, at Nissan Motor Thailand plant, the last unit of Nissan March (K13) has been rolled out before the model was officially announced to be “Off-line Production” at 12.00.
This first EcoCar model in Thailand with over 12 year-presence in the local market has also been hit by the COVID-19 crisis as wel

On June 15, 2022, Tokyo-based Quantum Solutions Co., Ltd. announced that it has been procuring parts and adjusting production lines necessary for the production of the FOMM ONE EVs in Thailand since April 2022. However, due to the COVID-19 lockdown measures in Shanghai, China, the arrival of some parts was delayed, r

Reported on June 9, 2022, Cambodia-Thailand’s two-way trade in the first 4 months of 2022 climbed 8.04% YoY to reach USD 2.913 billion, the Thai Ministry of Commerce revealed, as both countries have eased COVID-19 restrictions.
During the period, Cambodia exported USD 458 million worth of goods to Thailand, up 13.5