The Bangkok Post reports that the local content of Thai-made Mercedes-Benz cars will be lifted to 40% next year – from around 23% currently – to increase the export potential, especially to other ASEAN markets.

The company currently makes S, E and C class models in Thailand – for local consumption only.

Products traded within ASEAN are eligible for preferential tax treatment under the Asean Free Trade Area (AFTA) provided that they have at least 40% local content.

DaimlerChrysler (Thailand) Co’s president, Karl-Heinz Heckhausen, told the newspaper that the shipment of Thai-made parts to DC factories worldwide was the first step in export plans, but that built up units would follow.

Between 5,000 and 6,000 units per annum of Mercedes-Benz cars are currently made in Thailand.

The newspaper says that the firm aims to sell 1,000 E-Class units this year and 2,000 next year. This year, it hopes to sell 4,500 units of all car models, either locally-made or imported, up from 3,700 last year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.