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Search Result for “new year”

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BUSINESS

EA allots B1.5bn for electrified boats, cars

Business, Piyachart Maikaew, Published on 15/02/2019

» SET-listed Energy Absolute Plc (EA) plans to allocate 1.5 billion baht for its new electrified boats and cars, expected to be available in the local market in the fourth quarter.

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BUSINESS

Isuzu worries over Euro 5-6 parts limitations

Business, Piyachart Maikaew, Published on 14/02/2019

» Thai auto parts suppliers' ability to upgrade components for locally made vehicles to meet Euro 5 and 6 standards is limited, leaving automakers concerned about the higher production cost for cars in the near future, says Tri Petch Isuzu Sales, the local distributor of Isuzu trucks.

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BUSINESS

Yamaha to boost sales despite murky view

Business, Piyachart Maikaew, Published on 09/02/2019

» Thai Yamaha Motor Co, the local unit of the Japanese motorcycle maker, plans to beef up sales this year to 285,000 units, a 5.6% rise, amid cloudy sentiment in the local motorcycle market.

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BUSINESS

Mercedes-Benz ready to rev up EV assembly

Business, Piyachart Maikaew, Published on 08/02/2019

» Mercedes-Benz Thailand aims to start local manufacturing of electric vehicles (EVs) after already completing its application for Board of Investment (BoI) incentives covering all global EV line-ups: plug-in hybrid EVs, battery EVs and lithium-ion batteries.

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BUSINESS

Suzuki awaits Euro 5 standard measures

Business, Piyachart Maikaew, Published on 07/02/2019

» Suzuki Motor Thailand, the local arm of the Japanese carmaker, is ready to upgrade all locally made vehicles to meet the Euro 5 standard, but the government has to decide on a measure for overall compliance.

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BUSINESS

Scania facility set to deliver sales growth

Business, Piyachart Maikaew, Published on 06/02/2019

» Swedish bus and truck maker Scania AB expects significant growth in local sales and exports after an 800-million-baht assembly plant in Samut Prakan began full operations in the fourth quarter of 2018.

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BUSINESS

Tata Steel to cut Southeast Asia footprint

Business, Piyachart Maikaew, Published on 05/02/2019

» Tata Steel, India's largest steelmaker, aims to reduce its business presence in Southeast Asia including Thailand after the local unit completed its share sale to a new venture partnership with a Chinese steelmaker.

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BUSINESS

Banpu buys 21.5% of FOMM

Business, Piyachart Maikaew, Published on 05/02/2019

» SET-listed Banpu Plc has signed an agreement to acquire a 21.5% stake in FOMM Corporation, Japan's compact electric vehicle (EV) developer, for US$20 million (627 million baht) in a move to expand its presence in the clean energy business throughout Asia-Pacific.

BUSINESS

Mitsubishi: Euro 5 and 6 compliance comes at a cost

Business, Piyachart Maikaew, Published on 01/02/2019

» Mitsubishi Motors Thailand has declared its readiness to upgrade all locally made vehicles sold in Thailand to meet Euro 5 and 6 emission standards, but the Japanese car maker says price tags will reflect increased production costs.

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BUSINESS

OIE promises Euro 5 compliance by 2021

Business, Piyachart Maikaew, Published on 31/01/2019

» The Office of Industrial Economics (OIE) has ordered car manufacturers and distributors to comply with the Euro 5 standard on all Thai-made and imported vehicles sold locally by 2021, while hybrid and plug-in hybrid electric vehicles (EVs) must also comply with Euro 6.