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BUSINESS

Bloomberg downbeat on Asean EVs

Business, Piyachart Maikaew, Published on 05/06/2019

» Bloomberg New Energy Finance (BNEF) forecasts prices of electric vehicles (EVs) such as cars, motorcycles and commercial vehicles remain unaffordable for individual buyers in Southeast Asia, including Thailand.

BUSINESS

Mercedes still bullish on full year

Business, Piyachart Maikaew, Published on 01/06/2019

» Mercedes-Benz Thailand, the local arm of the German luxury car maker, is confident of tremendous growth in local sales this year, downplaying a flat performance in the first four months.

BUSINESS

Auto exports at two-year low

Piyachart Maikaew, Published on 23/05/2019

» The Federation of Thai Industries reported on Thursday Thailand exported 67,114 vehicles in April, down by 7.5% year-on-year, representing the lowest volume in 24 months.

BUSINESS

AP Honda predicts excise price hike

Business, Piyachart Maikaew, Published on 17/05/2019

» AP Honda forecasts that the new excise tax for motorcycles, effective from 2020, could add 200-10,000 baht to retail prices, depending on model size.

BUSINESS

SAIC Motor-CP ready for local EVs

Business, Piyachart Maikaew, Published on 16/05/2019

» Thai-Chinese carmaker SAIC Motor-CP has committed to investing in assembly production for two versions of electric vehicles (EVs) -- plug-in hybrids and battery EVs -- at its facility in Chon Buri, even though all China-made EVs are now imported without tariffs under the Asean-China free trade agreement.

BUSINESS

Parts replacement in region attracts Aisin

Business, Piyachart Maikaew, Published on 15/05/2019

» Aisin Asia Thailand, the auto parts distributor of Japan's Aisin Group, has announced a three-year plan to achieve 2 billion baht in annual revenue by 2022, emphasising parts distribution in the replacement market in Thailand and neighbouring countries.

BUSINESS

EV group urges changes to 3-wheeler laws

Business, Piyachart Maikaew, Published on 10/05/2019

» The Electric Vehicle Association of Thailand (EVAT) is calling for the Land Transport Department to revise related laws to enable new registration of three-wheelers, mainly emphasising electrified tuk-tuks.

BUSINESS

Italthai's hotel hopes

Business, Piyachart Maikaew, Published on 07/05/2019

» Italthai Group is focused on expansion and investment, preparing a multi-billion-baht budget to double revenue to 30 billion baht by 2021.

BUSINESS

Sammitr forms JV for electric trucks

Business, Piyachart Maikaew, Published on 04/05/2019

» Sammitr Group Holding has formed a joint venture with a Chinese company to join the government's electric vehicle (EV) scheme with a budget of 5.5 billion baht to assemble eco-friendly big trucks.

BUSINESS

Sammitr Group sets B10bn revenue target for 2024

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

» Sammitr Group Holding has set an ambitious goal to reach 10 billion baht in 2024 revenue and position itself as the leading automotive company in Southeast Asia.