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Monday, April 29, 2024

FTI retains car output target

FTI retains car output target

Federation upbeat despite shutdowns

The Federation of Thai Industries (FTI) has maintained its car production target of 1.8 million units this year though many manufacturers have temporarily shut down factories due to a shortage of semiconductors.

The plants were closed for at least 5-7 days as the manufacturers waited for the chips, said Surapong Paisitpatanapong, vice-chairman and spokesman for the FTI’s automotive club.

“Car manufacturers need to carefully manage their supplies. Many have to delay production and delivery of some car models to customers,” he said.

Mr Surapong expects the situation to improve soon and said it would have no serious impact on car production in 2022.

Thailand’s total car manufacturing in April decreased by 31.7% from March to 117,786 units, but the…

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