Car exports are expected to increase to 1 million units for the first time in two years as the Federation of Thai Industries (FTI) pins its hopes on the limited impact of Covid-19 and the global semiconductor shortage on the automotive industry.
In 2020, when Thailand was first hit by Covid-19, car production for export decreased to 704,626 units, down from around 1 million units in 2019. The volume increased to 956,530 units last year.
“We expect car manufacturing for export to grow by 4.54% to around 1 million units this year,” said Surapong Paisitpatanapong, vice-chairman and spokesman for the FTI’s automotive…
