A decline in domestic car sales has prompted the Federation of Thai Industries (FTI) to revise down Thailand’s car manufacturing target to 1.85 million cars this year from 1.9 million.
The FTI’s Automotive Industry Club earlier cut its forecast for car production to 1.9 million from 1.95 million as car sales remained sluggish.
Car production for the domestic market is expected to decline to 800,000 units this year, down from the previous projection of 850,000 units, while the outlook for export manufacturing remains…
