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BANGKOK – Home automobile gross sales in Thailand rose at a slower tempo in June attributable to a low base however are on observe to fulfill this 12 months’s goal on elevated tourism and exercise after an easing of pandemic curbs, the Federation of Thai Industries (FTI) stated on Monday.
Automotive exports, nevertheless, are anticipated at 900,000 items, in need of the 1 million goal, squeezed by the Ukraine warfare and a scarcity of auto elements and semiconductors, the FTI stated.
Thailand is a regional automobile manufacturing and export base for the world’s prime carmakers, together with Toyota and Honda. The trade accounts for about 10% of Southeast Asia’s second-largest financial system and its manufacturing jobs.
One other concern is a automobile import ban by neighbouring Myanmar, the place Thailand usually exports hundreds of vehicles yearly, Surapong Paisitpattanapong, a spokesperson for FTI’s automotive trade division, instructed a information convention.
In June, home gross sales rose 4.58% from a 12 months earlier after Might’s 15.71% rise, whereas annual automobile exports dropped 11% final month.
“Home automobile gross sales are nonetheless good, however automobile exports have but to enhance,” Surapong stated.
Native automobile gross sales are anticipated to rise 12% to 850,000 items this 12 months, the highest finish of a forecast vary, he stated, including that included 50,000 imported vehicles.
Individually, the Thai unit of Toyota Motor forecast its automobile gross sales in Thailand to rise 21% to 290,000 items this 12 months, or a 33% market share, the corporate stated in a press release on Monday.
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