In the first 4 months, Thailand produced 620,000 cars, fearing that it would miss the target due to the late establishment of the government.

Bangkok, May 24 – FTI reveals that car production in four months has surpassed 6.2 hundred thousand units, worrying that the whole year has fallen off the target. Due to the delay in setting up the government, while exports grew 18.38%, worth more than 2.1 billion baht, while electric car registrations in April jumped 882%.

Mr. Surapong Paisitpatanapong Vice President and Spokesperson of the Automotive Industry Club The Federation of Thai Industries or FTI revealed that total car production in April 2023 totaled 117,636 units, down 0.13 percent from the same period last year due to a long holiday, but during the first 4 months of the year There was a total production of 625,423 units, an increase of 4.61 percent, but must keep an eye on whether the production will be able to meet the target of 1,950,000 units or not, because the establishment of the government that has not yet been completed may affect the economic and production drive. domestic Because financial institutions will be more difficult to grant credit. As a result, it affects production and sales in the country. Domestic car sales in April 2023 amounted to 59,530 units, a decrease of 6.14 percent from the same period last year due to the strict credit approval of financial institutions. Due to high household debt and interest rates are on the rise and in the first 4 months of the year sales were 276, 603 units, a decrease of 6.11 percent and for exports of finished cars in April 2023, 79,940 units were exported, an increase of 43.53 percent because the production of passenger cars and pickup trucks for export has increased in Asia, Australia, the Middle East, Africa and Europe with an export value of over 65,482.77 million baht, an increase of 17.40 percent and in the first 4 months of the year Exports of finished cars amounted to 353,632 units, an increase of 18.38 percent, with a value of over 218,286.06 million baht, an increase of 22.88 percent.

While the registration of electric cars in the category of passenger cars under 7 in April 2023 amounted to 3,820 units, an increase of 882 percent from the same month in 2022 and accounted for 7.73 percent of all registrations.

There were 782 plug-in hybrid electric vehicles, a decrease of 6.57 percent from the same month in 2022 and accounting for 1.58 percent of the total registrations.

Hybrid electric cars amounted to 6,160 units, an increase of 31.57 percent from the same month in 2022, and accounted for 12.47 percent of total registrations. which can be seen that the number of registrations of electric cars in Thailand is high compared to other countries .-Thai News Agency

Source: Thai News Agency