Toyota expects rebound in Feb after sales slump
Toyota Motor Thailand expects an improvement in unit sales this month, despite the 45.5-per-cent plunge last month.
February is a good month for auto sales and car models launched earlier this year will start to be delivered, Vudhigorn Suriyachantananont, a senior vice president, said yesterday.
However, the political turbulence could have a psychological impact on consumers and this could depress the automobile market.
Only 68,508 vehicles were sold in January, due to the huge sales last year buoyed by the first-car buyer scheme.
Passenger cars took the brunt of the downturn with sales diving 55.9 per cent to 26,405 units from the same month last year. One-tonne pickup trucks slid a less severe 36.9 per cent to 35,080 units.
Toyu starts up Rayong plant
Toyu Industries (Thailand) Co, a leading manufacturer of automobile filtration devices and a supplier of Tokyo Roki in Japan, has inaugurated its plant in Rayong.
According to the Board of Trade, the company won tax incentives in January last year for the Rayong plant.
With investment of Bt140.2 million, the plant is designed to produce 960,000 auto parts per year.
The plant is located at the Eastern Seaboard Industrial Estate (Rayong), developed by Hemaraj Land and Development Plc.