RAAT – TAIA – Grand Prix Points The Thai automotive industry is bright and attractive for investment.

organize activities TAIA Meets the Press on the subject “Thai Automotive Industry Directory” by the Thai Automotive Industry Association (TAIA) in collaboration with the Thai Automotive and Motorcycle Journalists Association (TAIA) and Grand Prix International Public Company Limited, the organizer of the Bangkok event. International Motor Show on March 30, the past. Disclosure of investment information in the Thai automotive industry is still glowing. Confident in the policy to promote the production of electric vehicles in the country push Thailand to be an important production base in the future hope to form a government quickly after the election extend Thailand’s car manufacturing sector development plan not to stumble

Mr Suwat Supakarndechakul President of the Thai Automobile Industry Association : TAIA

Mr. Suwat Supakarndechakul The President of the Thai Automotive Industry Association (TAIA) revealed that the number of car production in Thailand in 2022 is equivalent to 1.88 million units, with a growth rate of 12% compared to 2021 and ranks 10th in the world, but it’ n still holds the production championship The largest number of cars in ASEAN It is produced for domestic sales of 850,000 units, an increase of 11% from the previous year and produced for export 1.04 million units, an increase of 5.13% .

As for the year 2023, TAIA forecasts total car production at 1.95 million units, 900,000 units for domestic sales and 1.05 million units for export, 2.10 million units for motorcycles, 1.75 million units on for domestic sales and 350,000 units for export.

Mr. said The automotive industry tends to grow continuously. He also mentioned positive factors that will drive the domestic automotive market, partly from the improving economic situation after the abatement of COVID-19, allowing consumers to have income. and increased purchasing power Tourism has improved and there is investment and consumption in the public and private sectors. The agricultural sector expanded in terms of output. And the price of the e-commerce market plays a role in consumption and has a jump growth rate. This will directly benefit the commercial vehicle market.

Regarding the trend of the electric vehicle market in Thailand, there is a high growth trend. Part of this comes from announcing measures to support the government’s electric vehicles. The project period is between 2022 – 2026, with subsidy benefits of 70,000 – 150,000 baht. Customs and import taxes are also reduced. Along with the requirement to produce within the country to compensate for the previous imports of electric cars, for example, duty exemption on 9 important parts that will be used in the production of electric cars and income tax exemption for entrepreneurs who n receive such subsidies as well

“Because the price of the electric train tends to fall below one million baht. make it easy for consumers to access Because consumers will consider buying electric cars that are not very high. Focusing on cost-effectiveness in use is another important factor for the electric train market to have a good trend. And now there are 11 brands that have entered into a memorandum of understanding with the Excise Department (MOU) to produce electric cars in Thailand, namely MG, GWM, Toyota, BYD, Mini, Volt. , Neta and Mercedes-Benz,” said Mr Suwat and that there are 3 brands of motorcycles: Honda, Hsem and Deco when the trend of electric vehicles decreases. consumer acceptance plays an important role in Thai society And creating carbon neutrality (Carbon Neutrality) reduces emissions, which is also in line with the new excise tax structure.

Mr Suwat said although there are many positive factors But the negative factor still has political confidence. If the government can be formed quickly after the election, it will not be a problem. But if the government is formed later than expected, around August 2023, it could affect confidence. Including the subject of inflation that the world is facing which has led to raising interest rates in many countries itself

Dr Prachin Eamlumnow, CEO of Grand Prix International Public Company Limited and Chairman of the Bangkok International Motor Show Event

side Prachin Eamlumnow, Dr Grand Prix International Public Company Limited CEO and Event Chairman Bangkok International Motor Show is confident that the Motor Show has a strong driving force in the car and motorcycle market. Because during the event new cars are launched. and promotional campaigns that help boost the number of cars each year to grow significantly

Especially the arrival of many brands of electric cars or EVs from China, making the Thai automotive business stand out in the ASEAN region. And it is expected that there will be many Chinese EV brands that want to invest in Thailand.

Mr. Wachira Ruangmalai, Automobile and Motorcycle Journalists Association of Thailand (RAAT)

Mr Wachira Ruangmalai The Thai Automobile and Motorcycle Journalists Association (TAIA) mentions that TAIA Meets the Press is a tri-party joint for TAIA members and the media to receive accurate, reliable and useful information for news reporting. including the creation of online media content Distributed to the public for awareness. which the RAOT wants the media and RATA members to do Worked effectively in providing information about the automotive industry in Thailand.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.