Thai car production dips 0.13% in April as exports surge 43.53%

Thailand experienced a slight decline of 0.13% in car production in April compared to the previous year, with a total of 117,636 units produced, according to the Federation of Thai Industries (FTI). This decrease was primarily due to a drop in truck production. However, the country witnessed a significant surge in auto exports during the same month, owing to a low base in the previous year.

In April, domestic car sales saw a 6.14% year-on-year decrease, following an 8.37% drop in March. Surapong Paisitpattanapong, a spokesperson for the automotive industry division at the FTI, attributed this decline to stricter loans for trucks as interest rates increased.

On the other hand, car exports experienced a significant boost, rising 43.53% from a year earlier, largely due to the low base recorded in the previous year. This followed a 4.84% increase in…