Thai Automotive Industry

Although major auto-makers are expecting increased sales thanks to the government's first-car buyer scheme, they are also considering adjusting product...

The Thai Hire Purchase Association expects the government's first-car programme will boost auto loans next year over Bt900 billion, up...

First-time car buyers will get tax waivers of up to Bt100,000 each and first-home buyers will be eligible for a zero mortgage rate for five years, Deputy Finance Minister Boonsong Teriyaphirom said yesterday.

The presence of a Mitsubishi Fuso truck plant will increase the chances for Thailand to assemble Subaru automobiles, according to Glenn Tan, executive director of Tan Chong International Ltd, the Hong Kong-listed motor distribution, property and trading group.

Lombard Investments says it has fully exited its investment in Somboon Advance Technology, one of Thailand's leading auto-parts manufacturers, earning a return of 3.5 times its investment.

Nissan has marked Thailand and Indonesia as its strategic growth drivers in Asean under its six-year business plan announced yesterday.

The Thai automotive industry is likely to miss its export target of 1 million units this year because of a shortage of car parts over the past two months resulting from the earthquake and tsunami in Japan, the Automotive Industry Club under the Federation of Thai Industries (FTI) says.

Exporters are uncomfortable with the prospect of a strengthening baht, as they want a stable exchange rate to help them keep pace amid tough global competition

Thailand's auto industry is targeting production of 3 million vehicles annually by 2015, pushing the country into the top 10 from its present 12th ranking.

The Democrat Party is seen as having an edge over Pheu Thai in terms of megaproject policies.