Thai vehicle production rose by 96% year-on-year to 105,044 units in April, according to data released by the Federation of Thai Industries. Output was driven by a sharp rise in export demand and to a lesser extent by recovering domestic demand.
Compared with the 151,104 units produced in March, output was more than 30% lower, however.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Exports in April rose by 127% to 60,214 units, compared with depressed year-earlier levels of 26,526 units, with exports to Middle-Eastern markets particularly strong.
Cumulative production for the January-April period was 93% higher at 487,973 units. The value of automotive exports, including built up vehicles, engines and components, rose by 76% to THB 38.15 billion (USD 1.174 billion) during the four-month period.
Tony Pugliese
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
