Thailand’s car production experienced a significant drop of 15.75% in December, compared to figures from the previous year, marking the fifth consecutive month of decline, according to the Federation of Thai Industries (FTI). The downturn resulted in only 133,621 units being produced, largely due to a reduction in pickup truck output.
This figure is a stark contrast to November’s year-on-year decrease of 14.1%. For the year 2023, the FTI reported a 2.22% decline in car production, with only 1.84 million cars manufactured.
Thailand, the largest auto production hub in Southeast Asia, serves as an export base for several of the world’s leading carmakers. Toyota and Honda are among the key players who utilise this hub, with pickup trucks being the primary vehicle produced.
The FTI’s automotive industry division spokesperson, Surapong…
