Automotive Group Revealing total car production in the first six months of this year (Jan.-June. 23) 921,512 units, an increase of 5.91% from the same period last year, adjusting the production target this year from 1.95 million units to 1.9 million. cars from financial institutions to strictly control lending, EV cars compete for market share
Mr. Surapong Paisitpattanapong, Vice President and Spokesperson of the Automotive Industry Club The Federation of Thai Industries (FTI) revealed that the FTI Automotive Industry Group has adjusted the target for Thai car production in 2023 by 50,000 units from the original production target set at 1,950,000 units divided into production for export 1,050,000 units produced for domestic sales 900,000 units adjusted to total production 1,900,000 units, a decrease from the original target of 2.56% divided into production for export remains the same 1,050,000 but reduced production for domestic sales to 850,000 units, or a decrease of 5.56%
As for the month of June '66 Total car production 145,557, an increase of 1.78%, including the first 6 months of this year (Jan.-Jun. 23), a total of 921,512 cars were produced, an increase of 5.91%, with domestic sales in June 2023 at 64,440 cars. decreased by 5.16%, which is a decrease in pickup trucks (Pure Pickup) and trucks because financial institutions are strict on credit and more trucks from neighbors are brought to market, resulting in 6 months (Jan.-Jun. 23) ) with domestic sales of 406,131 units, a decrease of 4.95% from the same period last year.
For exports of finished cars (CBU), June 2023 was 88,826 units, an increase of 20.22% from the same period last year, resulting in the first 6 months of this year (Jan. Jun. 23) at 528,816 units, an increase of 17.61% from the same period last year, including the value of exports in the first 6 months of this year of the automobile group at 329,181 million baht, an increase of 23.45% from the same period last year.
“This year's production target reduction Because the train or EVs began to take more than 5% of the market share of gasoline cars, which were imported cars that had not yet been produced in the country. It was found that the total sales of electric cars in June 2023 amounted to 8,260 units, an increase of 54.74% from the same month last year, and financial institutions are strict in approving car loans from household debt that is as high as 90.6% of GDP and transmission. Thailand's exports fell for the 8th consecutive month, leading to a reduction in production shifts and a reduction in work, resulting in a decrease in purchasing power. Flooded in the middle of interest rates that are still rising and the cost of living is high, so people are careful with spending, ”said Surapong.
foreign news agency Toyota Motor Corp. (Toyota Motor Corp.) is laying off about 1,000 contract workers in China as Toyota works to shift production in the Chinese market. after domestic consumers quickly turn to electric vehicles (EV).
Source: Thai News Agency