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.
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.
Despite disrupted supply of components and parts from Japan, Thai manufacturers in the automotive and electronics sectors see only a slim chance of massive layoffs. Expecting the disruption to end soon, they realise that layoffs could create a long-term problem amid the tight labour market.
The 32nd Bangkok International Motor Show finished up successfully with the booking of over 33,000 vehicles, well above the 28,000 target. Nevertheless, as small cars ruled the show, the combined value of sold vehicles was short of the Bt40 billion target.
Thai Stanley Electric, a leading Thai manufacturer of lights for the automotive industry with a Japanese parent company, believes the quake and tsunami disaster in Japan will not affect its operations in Thailand. The company imports only one raw material from Japan, said Apichart Leeissaranukul, executive vice president of Thai Stanley Electric, adding that stocks of the item would last until the end of the month.
© Copyright 2007 - 2024 ThaiIVest I Thai Stocks & Investment I Terms of Use & Privacy I 
