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

d detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data. 2025 vehicle sales in Thailand up 8.5%, production down 0.9% (detailed report)According to the Federation of Thai Industries (FTI), December vehicle sales in Thailand increased 39.1% year over year to 75,121 units, broadly consistent with the more than 75,000 vehicle bookings...

Automotive Production Data  Updated at: 2026/02/24

nd detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.2025 vehicle sales in Thailand up 8.5%, production down 0.9% (detailed report)According to the Federation of Thai Industries (FTI), December vehicle sales in Thailand increased 39.1% year over year to 75,121 units, broadly consistent with the more than 75,000 vehicle bookings...

Automotive Sales Data  Updated at: 2026/02/24

July vehicle sales in Thailand up 5.8%, production down 11.4% (detailed report) According to the Federation of Thai Industries (FTI), July vehicle sales in Thailand increased 5.8% year over year to 49,102 units. July 2025 marked the fourth consecutive month of YoY growth, led by passenger cars, particularly affordable EVs. In the first 7 months of 2025, vehicle sales were 351,796 units, a decline of 0.7% YoY. According to data compiled by Toyota ...

News  Updated at: 2025/09/01

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

devices; and for resin, multilayer boards and inductors for smartphones. Operating income 279,702 215,447 29.8 - Automotive Electronics Sales 453,081 432,658 4.7 Demand for multilayer ceramic capacitors, EMI suppression filters, and inductors for the automotive market is growing Business Forecast -The Company's financial outlook for the fiscal year ending March 2026 is as follows: Sales: JPY 1,640 billion (5.9% YoY decrease) Operating...

Major Suppliers  Updated at: 2025/08/25

FTI cites key challenges behind 2025 Thailand vehicle production forecast cut to 1.45 million units Announced on July 24, 2025, the Federation of Thai Industries (FTI) has revised Thailand’s vehicle production forecast for 2025. The new target has been lowered by 3.33%, from 1.5 million units to 1.45 million units (a reduction of 50,000 units). The adjustment mainly affects production for export, which has been cut by 5%, from 1 million to 950,...

News  Updated at: 2025/07/24

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

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. The (negative) factors affecting domes...

News  Updated at: 2024/07/25

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