The Federation of Thai Industries (FTI) is forecasting that motorcycle production this year will surpass the initial target of 2.1 million units. The revival of the tourism sector and the easing of the global semiconductor shortage are cited as the primary factors for this optimistic outlook.
Surapong Paisitpatanapong, the vice-chairman and spokesperson for the FTI’s Automotive Industry Club, attributes this increased demand to the reopening of borders and the resurgence of tourism, as many foreign tourists prefer motorcycle travel.
At the start of the year, the FTI had estimated the local motorcycle production for 2023 to be at 2.1 million units. The expectation was that 1.75 million units would cater to the domestic market, with the remaining 350,000 units directed towards exports.
However, the FTI’s report shows that Thailand’s motorcycle…
