Thai car production dips 0.13% in April as exports surge 43.53%

[snoop1130]

 

Thailand experienced a slight decline of 0.13% in car production in April compared to the previous year, with a total of 117,636 units produced, according to the Federation of Thai Industries (FTI). This decrease was primarily due to a drop in truck production. However, the country witnessed a significant surge in auto exports during the same month, owing to a low base in the previous year.

 

In April, domestic car sales saw a 6.14% year-on-year decrease, following an 8.37% drop in March. Surapong Paisitpattanapong, a spokesperson for the automotive industry division at the FTI, attributed this decline to stricter loans for trucks as interest rates increased.

 

On the other hand, car exports experienced a significant boost, rising 43.53% from a year earlier, largely due to the low base recorded in the previous year. This followed a 4.84% increase in March. In comparison, car production in March had seen a 4.16% year-on-year growth.

 

Thailand serves as a regional hub for vehicle production and export for several leading car manufacturers, including Toyota and Honda, reported Bangkok Post.

 

By Alex Morgan

Caption: Photo by Lenny Kuhne on Unsplash

 

Full Story: https://thethaiger.com/news/business/thai-car-production-dips-0-13-in-april-as-exports-surge-43-53

 

-- © Copyright Thaiger 2023-05-24

 

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[jacko45k]

Hardly surprising with all the holidays in April!

[Ralf001]

All manufacturers have been suffering supply chain issues for the better part of 12 months so little wonder production has dipped.

[huangnon]

Due to the ongoing and ridiculous mandatory ATK-testing for Thai workers, there are a lot of (non-sick) staff sat twiddling their thumbs at home.. I currently have 5 guys down with + results, and customers queued up waiting for services. Utterly deranged.

[Ralf001]

2 hours ago, huangnon said:

Due to the ongoing and ridiculous mandatory ATK-testing for Thai workers, there are a lot of (non-sick) staff sat twiddling their thumbs at home.. I currently have 5 guys down with + results, and customers queued up waiting for services. Utterly deranged.

You are still doing mandatory ATK testing ?

Who has instructed your company to resume that and when ?  

[huangnon]

1 hour ago, Ralf001 said:

You are still doing mandatory ATK testing ?

Who has instructed your company to resume that and when ?  

Virtually all customers in the oil, gas, chemical and power industries here.

 

It's not being 'resumed', it's still ongoing.

[Ralf001]

5 hours ago, huangnon said:

Virtually all customers in the oil, gas, chemical and power industries here.

 

It's not being 'resumed', it's still ongoing.

Thankfully that lunacy disappeared approx. 8 months ago in manufacturing.