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Harsh rules put brakes on eco-car project

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Automakers are reluctant to join the eco-car project’s second phase because some criteria are quite rigid, a seminar was told yesterday.

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The areas they find inflexible involve capital and production conditions.

“Convincing the five existing eco-car makers to join the new phase is not easy, as they have to launch products that not only meet the new specifications but also the new excise tax which is due to become effective in January 2016,” said Piengjai Kaewsuwan, president of the Thai Automobile Industry Association and chairwoman of the Asean Automotive Federation.

The seminar was held on the sidelines of the Thailand International Motor Expo 2013 at Impact Muang Thong Thani, which ends next Tuesday.

The Board of Investment scheduled a March 31, 2014 deadline for applicants to submit eco-car investment plans.

To be eligible for investment privileges, they must invest at least 6.5 billion baht to build a new plant with an annual production capacity of 100,000 units within four…

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-- Automotive Focus Group Thailand 2013-12-3

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