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 … READ MORE >>>