Thailand's August car production rises 10.9% on year
- August domestic car sales were up 25.59% from a year earlier, following a rise of 20.07% in July
BANGKOK: Car production in Thailand rose 10.93% in August from a year earlier to 124,646 units, the Federation of Thai Industries said on Monday.
The reading follows a rise of 6.12% in July. August domestic car sales were up 25.59% from a year earlier, following a rise of 20.07% in July, the federation said.
Exports fell 2.04% year-on-year in August, compared to an increase of 2.39% in the previous month, the FTI said.
In July, the FTI forecast a 3.33% drop in car production for the whole of 2026, driven by a decline in exports due to hostilities in the Middle East. It had predicted a rise of 3% earlier.
Thai June factory output falls 3.1% y/y, weaker than forecast
The government last month said it planned to cut excise tax rates for automakers that establish production facilities in Thailand to encourage greater use of locally sourced parts and raw materials.
Thailand is Southeast Asia’s biggest auto production centre and an export base for some of the world’s leading carmakers, including Toyota and Honda.