CHACHOENGSAO – Thailand's auto exports now account for half the country's total production of one million cars, achieving its target earlier than scheduled.
Thailand earlier targeted production of two million cars and to export more than 50 per cent of the total production in the next three years, with the intention of becoming a regional export base, said Deputy Industry Minister Piyabutr Cholvijarn.
Thailand is now home to 15 auto manufacturers with a combined production of 1.5 million passenger cars and 2.8 million motorcycles annually. There are more than 2,000 auto parts producers in the country, he said.
The government also promotes energy-saving cars to be another champion product after the one-tonne pick-up trucks.
Speaking about closure of factories (due to the appreciation of the baht), the deputy industry minister affirmed that there was no impact on the auto industry.
According to the Department of Industrial Works, he said, new automotive plants have nonetheless emerged. He said the factories that have closed are in textiles and clothing, footwear, and food processing factories. (TNA)