Thailand's vehicle production hits all-time high

business April 19, 2012 00:00

By The Nation

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Bouyed by domestic and export demand, Thailand's automotive output in March hit190,935 units, highest in the hisory since the production kicked off in 1961, according to the Federation of Thai Industries' Automotive Industry Club.



Surapong Paisitpattanapong, spokesman of the club, revealed on Thursday that the output increased 11.01 per cent from the same period last year and 13.5 per cent from the previous month. This pushed the combined output in the first three months of this year to 499,560 units, or an increase of 6.52 per cent from the corresponding period last year.

In March, Thailand exported a total number of 89,815 vehicles, up 16.17 per cent from the previous month and 4.8 per cent from the same period last year. The value increased 11.74 per cent on year to Bt42.17 billion. The 3-month export figures reached 220,721 units, which were 5.84 per cent lower than the same period last year. However, the combined value increased slightly by 0.54 per cent to Bt102.2 billion.

Domestic vehicle sale in March increased 21.74 per cent on month and 19.3 per cent on year to 110,928 units. The 3-month sale volume also increased 17 per cent on year to 279,272 units.

Surapong attributed the bigger sale to the resumption of domestic production.