Thailand’s car production declined by 19.3% in February

Thailand’s automotive production industry experienced a 19.3% decrease last month compared to the same month last year, with only 133,690 units being produced.

Key Takeaways

• Thailand’s automotive industry only had 133,690 units produced, with a 19.3% decline in the car production.
• The Federation of Thai Industries (FTI) explained that the drop in production was more pronounced than January’s year-on-year decrease of 12.46%
• The increase in imported electric vehicles (EVs) and a decrease in the production of pickup trucks affected car production.

The decline in car production is attributed to a combination of different factors such as increase in imported electric vehicles (EVs) and a decrease in the production of pickup trucks, among others.

The Federation of Thai Industries (FTI) explained that the drop in production was more pronounced than January’s year-on-year decrease of…