due to the policy interest rate reaching its highest level in decades over the past few months.   On March 12, Honda announced that it expects to incur a net loss of up to JPY 690 billion for the full fiscal year 2025. This represents a downward revision of up to JPY 990 billion from the previous forecast of a JPY 300 billion profit, reflecting a 64% decrease compared to the previous fiscal year. As part of a review of its four-wheel vehicle el...

Market & Tech Reports  Updated at: 2026/03/27

6 is 243,000 units, up 6.0% from the previous year, and its production plan is 634,000 units, up 12%. Exports of finished vehicles (CBU) are expected to increase 19% y/y to 425,000 units driven by higher demand in Asia and the Middle East. Honda has set a sales target of 76,000 units amidst a sales forecast of 630,000 units in the Thai market in 2026. The company plans to launch at least four new models in 2026, including HEVs and BEVs, some of w...

Market & Tech Reports  Updated at: 2026/03/03

Malaysia: down 10.1% to 352,626 unitshttps://www.marklines.com/en/statistics/flash_prod/automotive-production-in-malaysia-by-month Philippines: down 7.5% to 49,808 unitshttps://www.marklines.com/en/vehicle_production/month?nationCode=PHL Thailand   According to the Federation of Thai Industries (FTI), Thailand’s vehicle production in Q2 2025 started with a slight year-on-year (YoY) decline of 0.4% in April. Production rebounded in May, risin...

Market & Tech Reports  Updated at: 2025/08/28

HVs, MHVs, and PHVs EV sales in Thailand slow in 2024, HV sales grow 1.5-fold Chinese OEMs: Launching HV and PHV models in addition to BEVs Chinese OEMs: BYD and GAC Aion start operation of EV plants in Thailand Thai production in 2025 is expected to increase 2% year-over-year to 1.5 million units (FTI forecast) Thailand's domestic market: 1-ton pickup truck sales down 38% GlobalData Production Forecast: Thai production expected to be 1.82 millio...

Market & Tech Reports  Updated at: 2025/05/12

cles grow Summary ASEAN vehicle production: Four major countries produce 4.1 million units in 2023, down 1% from 2022 Thailand and Indonesia export 1.12 million and 510,000 vehicles, respectively, in 2023 ASEAN new vehicle sales in six major countries decline 0.7% to 3.4 million units in 2023 Sales Forecast by GlobalData: ASEAN sales to grow to 3.84 million units in 2027 Toyota new IMV Series pickup truck Hilux Champ (released in Thailand i...

Market & Tech Reports  Updated at: 2024/10/02

ng company, announced the opening of an e-mobility battery test facility. The facility will provide laboratory testing services for a range of EV battery packs, with electric two- and three-wheelers being the priority in the initial phase.         According to the Federation of Thai Industries (FTI), motorcycle production (including CKD kits for export) in 2023 decreased by 5.9% y/y to 2,473,000 units. The breakdown is as follows: completely ...

Market & Tech Reports  Updated at: 2024/09/10

esia-by-month Malaysia: up 6.1% to 210,431 unitshttps://www.marklines.com/en/statistics/flash_prod/automotive-production-in-malaysia-by-month Philippines: down 9.0% to 26,222 unitshttps://www.marklines.com/en/vehicle_production/month?nationCode=PHL   Thailand   The Federation of Thai Industries (FTI) announced that Thailand’s new vehicle sales went down by 16.4%, 26.1%, and 29.8% (YoY) in the month of January, February, and March, respective...

Market & Tech Reports  Updated at: 2024/05/14

roduce EVs locally Chinese OEMs: JAC and Changan Automobile enter Thai market, EV local production to commence Incentives for EV battery production EV sales in Thailand for 2023 account for 9.3% of overall vehicle sales 2024 production in Thailand is expected to increase by 3% to 1.9 million units (FTI’s outlook) Thai auto market: Sales of 1t pickup trucks decrease by 25% y/y Production Forecast by GlobalData: Thai production expected to be 2.0...

Market & Tech Reports  Updated at: 2024/03/05

nesia-by-month Malaysia: up 10.3% to 774,600 unitshttps://www.marklines.com/en/statistics/flash_prod/automotive-production-in-malaysia-by-month Philippines: up 6.5% to 99,496 unitshttps://www.marklines.com/en/vehicle_production/month?nationCode=PHL   Thailand   The Federation of Thai Industries (FTI) announced that Thailand’s new vehicle sales in October, November, and December went down by 8.8%, 9.8%, and 17.5% (YoY), respectively. In 2023,...

Market & Tech Reports  Updated at: 2024/02/16

ax breaks Summary ASEAN vehicle production grows 24% to 4.15 million units in 2022 Thailand and Indonesia export 1 million and 470,000 vehicles, respectively, in 2022 ASEAN new vehicle sales in six major countries increase 25% to 3.42 million units in 2022 GlobalData (formerly LMC Automotive) Sales Forecast: ASEAN sales to grow to 4.02 million units in 2026 Wuling Hongguang MINI EV compact EV (Production began in Vietnam in May 2023) (Sourc...

Market & Tech Reports  Updated at: 2023/08/17

sia-by-month Malaysia: up 45.8% to 702,275 unitshttps://www.marklines.com/en/statistics/flash_prod/automotive-production-in-malaysia-by-month Philippines: 93,402 unitshttps://www.marklines.com/en/vehicle_production/month?nationCode=PHL   Thailand   According to the Federation of Thai Industries (FTI), vehicle sales in October climbed 0.2% up year over year (YoY), then slid 4.8% and 9.0% in the month of November and December, respectively. The ...

Market & Tech Reports  Updated at: 2023/02/15

s Production in January-October 2022 increases 12.4% to 1.54 million units Exports in January-October grow 5.5% to 801k units, exports to Europe drop significantly Thai auto market: Sales of passenger cars and commercial vehicles grow 24.0% and 7.9%, respectively, in January-October 2022 Production Forecast by LMC Automotive: Thai production expected to be 2.20 million units in 2025 Great Wall Motor’s ORA Grand Cat premium coupe EV(exhib...

Market & Tech Reports  Updated at: 2022/12/12

2021, consumers' purchasing power has recovered, and as well the motorcycle market has also recovered. Exports in 2021 increased by 14.8% to 804,000 units, returning to 2019 levels. The scale of production (sales + exports) in 2021 is estimated to be around 5,860,000 units.   In January 2022, AISI forecast sales for the year between 5.1 and 5.4 million units. As the COVID pandemic disrupts market conditions, motorcycle manufacturers are seeking ...

Market & Tech Reports  Updated at: 2022/08/22

15% of auto sales by 2030 Electrification policies: The Philippines, Vietnam, and Singapore ASEAN vehicle production grows 27% to 3.35 million in 2021 amid pandemic recovery and semiconductor shortages ASEAN new vehicle sales in six major countries increase 13.2% to 2.73 million units in 2021 Sales Forecast by LMC Automotive: ASEAN sales to grow to 3.7 million units in 2025   Recently in the ASEAN market, every country has been advancing variou...

Market & Tech Reports  Updated at: 2022/07/07

sia-by-month Malaysia: down 0.7% to 481,651 unitshttps://www.marklines.com/en/statistics/flash_prod/automotive-production-in-malaysia-by-month Philippines: up 33.0% to 64,656 unitshttps://www.marklines.com/en/vehicle_production/month?nationCode=PHL   Thailand   The Federation of Thai Industries (FTI)’s data shows that vehicle sales in Thailand in the month of October, November, and December 2021 witnessed a year-over-year (YoY) reduction of ...

Market & Tech Reports  Updated at: 2022/02/09

Data Center noted that vehicle sales in the month of July, August, and September witnessed YoY decrease of 11.6%, 38.8%, and 19.1%, respectively, with August sales hitting the lowest in 15 months. Sales in the first 9 months of 2021 declined 0.5% YoY to 531,931 units. Federation of Thai Industries (FTI) said the lockdown caused customers to be more cautious with their spending and decided to postpone or cancel plans to purchase or receive cars at...

Market & Tech Reports  Updated at: 2021/11/11

to 1.21 million units, pickup truck output grows 27.5% Exports in January-September 2021 grow 29.9% to 677k units, Asia seeing a significant increase in exports Thai auto market: Sales of passenger cars fall 2.9%, deliveries of commercial vehicles increase 1.2% in January-September 2021 Production Forecast by LMC Automotive: Thai production expected to be 2.10 million units in 2024 Great Wall Motor’s EV, ORA Good Cat (Exhibited at the Ba...

Market & Tech Reports  Updated at: 2021/11/11

%, 38.4%, and 12.0%, respectively, while sales in the first 6 months of 2021 reached 373,191 units, up 13.6% YoY. Top 3 carmakers with highest sales in H1 are Toyota, Isuzu, and Honda, with sales of 117,185 units, 93,165 units, and 42,715 units, respectively. Thailand Federation of Thai Industries (FTI) pointed negative factors hindering local vehicle sales recovery, including the third wave of COVID-19 that limits economic activities and lower c...

Market & Tech Reports  Updated at: 2021/08/13

Wall to start production in Thailand, Hyundai to build new plants in Indonesia and Vietnam ASEAN new vehicle sales: Sales in major six countries were 2.41 million units in 2020, down by 28.6% y/y ASEAN ride-hailing giant and e-commerce leader merge, demand for car-sharing growing in Singapore Sales Forecast by LMC Automotive: ASEAN sales to grow to 3.6 million units in 2024   Recently in the ASEAN market, every country has been actively accelera...

Market & Tech Reports  Updated at: 2021/06/10

of passenger cars and commercial vehicles fall 42.2% and 31.7% in January-July 2020 Thai government: Plans a car trade-in scheme and delaying introduction of Euro-5 as support measures Production bases: Great Wall Motor acquires GM’s plants, Nissan terminates production of three models Production Forecast by LMC Automotive: Thai production to decline to 1.34 million units in 2020   In March 2020, the Thai government announced a plan to develop...

Market & Tech Reports  Updated at: 2020/10/02