Thai car Feb production drops 19.3% y/y on EV imports, lower pickup truck output
ZEEKR EV cars are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. REUTERS/Chalinee Thirasupa
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BANGKOK (Reuters) – Car production in Thailand fell 19.28% in February from a year earlier to 133,690 units, the Federation of Thai Industries said on Tuesday, largely due to a decline in production of pickup trucks and more imported electric vehicles (EVs).
The figure compared with January’s 12.46% year-on-year drop.
Thailand is Southeast Asia’s biggest autos production centre and an export base for some of the world’s top carmakers, including Toyota (NYSE:TM) and Honda (NYSE:HMC), with pickup trucks among the key vehicles manufactured.
The FTI has predicted car production at 1.9 million vehicles this year after 1.84 million made in 2023, a 2.2% drop year-on-year.
February car sales were 52,843 units, the FTI’s automotive industry division said.
