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Bangkok Post
Bangkok Post
Business

Thai May car production drops 17.94% y/y

(Bangkok Post)

Car production in ​Thailand dropped by ‌17.94% in May from a year earlier to 114,214 units, the Federation of Thai ​Industries ⁠said on Monday.

The decrease followed an annual dip ‌of 0.44% in April.

Domestic sales rose by 10.60% to ⁠57,765 cars, boosted by sales of electric vehicles.

In the first five months of the year, production ​dropped by 1.13% from a year earlier to 587,759 ​vehicles, ‌the federation said.

Thailand is Southeast Asia's biggest auto ​production centre. ⁠It is an export base for ⁠some of the world's top carmakers, including Toyota and Honda.

The FTI has ⁠forecast car production ​to rise by 3% to 1.5 million units in 2026.

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