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BoI backs tax perks for auto industry

Incentives open to all auto and parts makers that invest to improve efficiency

A woman takes a close look at the engine of an electric car at the FAST Auto Show Thailand at the Bangkok International Trade and Exhibition Center in July. (Photo: Wichan Charoenkiatpakul)

The Board of Investment (BoI) on Thursday approved tax perks for three years for automotive industry businesses investing in automation and robotics to increase their productivity.

Incentives are available to investors seeking to increase manufacturing efficiency for both internal combustion engine, hybrid…

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