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Thailand automotive industry was the largest in Southeast Asia


As of 2017, the Thailand automotive industry was the largest in Southeast Asia and the 12th largest in the world.The Thailand industry has an annual output of near two million vehicles (passenger cars and pickup trucks), more than countries such as Belgium, the United Kingdom, Italy, Czech Republic, and Turkey.

Most of the vehicles built in Thailand are developed and licensed by foreign producers, mainly Japanese and American but with several other brands as well for CKD production, notably BMW and Mercedes. The Thai car industry takes advantage of the ASEAN Free Trade Area (AFTA) to find a market for many of its products. Thailand is one of the world's biggest markets for pickup truckswith over 50 percent market share for one-ton trucks.

Reference : https://en.wikipedia.org/wiki/Automotive_industry_in_Thailand

Photo credit : www.grandprix.co.th

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BANGKOK -- Thailand produced more than 2 million automobiles last year, surpassing that mark for the first time since 2013 thanks to a rebound in domestic demand.

Automotive output in January stood at 179,595 units

Thailand offers great investment potential as a leading automotive production base in the Association of Southeast Asian Nations (ASEAN) – a fast developing region for automotive manufacturing. Over a period of 50 years, the country has developed from an assembler of auto components into a top automotive manufacturing and export hub.

Mitsubishi and Nissan are strengthening collaboration in Thailand in terms of financing, purchasing and production engineering.

Thailand is a popular country in the world due to its scenic view attractions, beaches, and wellness spa. Over the years, it has also gained a unique reputation for producing best-selling pickup trucks around the world. Pickup Trucks are the new forte for this beautiful country as it has become the largest manufacturer of a wide variety of branded pickup trucks which are ideally famous for their rugged solid aerodynamics design and versatile performance.

New vehicle sales in Thailand surged 27.9% year on year (y/y) during May to 84,965 units, according to data released by Toyota Motor Thailand, the official compiler of automotive data in the country. Passenger vehicle sales grew by 26.8% y/y during the month to 33,160 units, while commercial vehicle (CV) sales climbed 28.6% y/y to 51,805 units.

Over the past 5 years Thai exports of auto parts have shown strong growth of 4%, higher than the 3% growth in of global car demand during the same period.

OWNERS registered more than 1.5 million new vehicles in the first half of 2018, the Department of Land Transport (DLT) said.

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