Automotive Industry News In Thailand Market 2018
Automotive industry in thailand reportThailand and South Africa have considerably in typical if one reflects on their macro-economic indicators. Provided the world’s tightening emission standards, Thailand is keen to expand its automotive manufacturing market to produce green autos. Supporting this vision is the Eastern Economic Corridor (EEC) initiative that places a excellent value on bringing subsequent-generation automotive market to Thailand, in particular, the electronic car (EV) sector.
With shipments bound for a lot more than one hundred nations, Thailand is the 13th largest automotive components exporter and the sixth largest industrial car manufacturer in the world, and the largest in ASEAN. By 2020, Thailand aims to manufacture over 3500000 units of autos to become one of the best performers in the global automotive market place.
There are 19 automotive and eight motorcycle companies with facilities or assembly plants primarily based in Bangkok and surrounding locations, Ayutthaya, plus the Eastern Seaboard (Rayong and Chonburi). Wad, P., The automobile sector in Southeast Asia: Malaysia and Thailand”, Journal of the Asia Pacific Economy, Vol. 14, p.172-193.2009. Mr. Sugata expressed his gratitude to the Thai government for its help on the measurement to stimulate national economic development, as properly as to the Thai automotive market. Furthermore, he noted that the Thai automotive marketplace has continued its recovery trend from 2016 into the 1st half of 2017.
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thai automotive industry associationAs Thailand increases production of sophisticated technologies and fuel-effective passenger autos … READ MORE >>>