Sunday, December 2, 2007

Auto production in Thailand to jump to 2.1 million units in 2011

BANGKOK, Dec 1 (TNA) - A five-year master plan in Thailand's Automotive Industry Development, beginning in 2007, is designed to make Thailand an automotive production and distribution hub for Asia, according to a senior Thai official.

Thailand Automotive Institute president of Vallop Tiasiri said the draft master plan is now awaiting consideration of Kosit Panpiemras, deputy prime minister and industry minister.

Under the plan, Thailand's auto production will be increased from this year's 1.6 million units to 2.1 million units in 2011, said Mr. Vallop.

Thailand will also manufacture and export one-ton pickup trucks to oversea along with eco-cars.

Car manufacturers are also expected to invest several hundreds billions of baht on automotive spare parts production, and are believed to boost personnel efficiency and technology.

The continued appreciation of Thailand's baht currency against the US dollar has impacted local competitiveness and, according to Mr. Vallop, this country needs to further develop and boost production efficiency.

Plans to encourage auto spare parts manufacturers to invest overseas, including Vietnam, Indonesia and India, are being considered seriously as they could be used as Thai spare parts hubs and to boost competitiveness, he added. (TNA)-E111

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