Showing 1 - 10 of 16
Auto sector reels from falling orders, soaring household debt
Reuters, Published on 25/09/2024
» Thailand's US$53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives.
Car slump in August causes panic
Lamonphet Apisitniran, Published on 25/09/2024
» The sluggish automotive industry is causing concern as car manufacturing, domestic sales and exports all fell in August, says the Federation of Thai Industries (FTI).
Tourism uptick expected to lift motorcycle sales
Lamonphet Apisitniran, Published on 02/09/2024
» A more active tourism sector later this year is expected to lift the domestic motorcycle market, which struggled with sluggish sales during the first seven months of 2024, says the Federation of Thai Industries (FTI).
Car sales fall 20.5% in July amid debt, growth worries
Lamonphet Apisitniran, Published on 27/08/2024
» Domestic car sales remained sluggish in July with a year-on-year drop of 20.5%, attributed to high levels of household debt and slow economic growth, says the Federation of Thai Industries (FTI).
Thailand cuts car manufacturing target to 1.7m in 2024
Business, Lamonphet Apisitniran, Published on 26/07/2024
» Months-long sluggish car sales have caused the Federation of Thai Industries (FTI) to reduce its car manufacturing target for 2024 to 1.7 million units, down from 1.9 million units.
Car production drops sharply, local sales fall
Reuters, Published on 25/07/2024
» Car production in Thailand fell 20.11% in June from a year earlier due to tighter financing rules and high consumer debt, and full-year production is now expected to be lower than in 2023, the Federation of Thai Industries (FTI) said on Thursday.
Honda to end vehicle production at Ayutthaya plant
Published on 09/07/2024
» Honda Automobile (Thailand) says it plans to stop making cars at its Ayutthaya factory and consolidate all assembly at an expanded Prachin Buri facility to enhance its competitiveness in the electric vehicle (EV) segment.
EV insurance in the driver's seat
Published on 08/07/2024
» Electric vehicle insurance has emerged as a crucial factor that could shape the future of Thailand's burgeoning EV industry.
Hyundai Motor, LG Energy Solution launch Indonesia's first EV battery plant
Reuters, Published on 03/07/2024
» JAKARTA - South Korea's Hyundai Motor Group and LG Energy Solution on Wednesday launched Indonesia's first battery cell production plant for electric vehicles (EVs) with an annual capacity of 10 Gigawatt hours (GWh) of battery cells.
Auto output could hit 14-year low
Business, Nareerat Wiriyapong, Published on 01/07/2024
» Thailand’s automotive production could plunge to a 14-year low this year, excluding the pandemic years of 2020-22, dipping to 1.65 million units, though monthly production is expected to start improving slowly in the fourth quarter, says Krungsri Securities (KS).