Car production in Thailand rose 4.16 percent in March from a year earlier to 179,848 units, as a shortage of microchips eased, the Federation of Thai Industries (FTI) said on Tuesday.
Exports of cars increased 4.84 percent in March from a year earlier, after February’s 11.42 percent rise, Surapong Paisitpattanapong, a spokesperson for FTI’s automotive industry division, told a news conference.
However, domestic car sales dropped 8.37 percent in March from a year earlier, after February’s 3.94 percent fall, due to tighter loans for trucks as interest rates rose, he said.
In February, car production rose 6.39 percent year-on-year.
Thailand is a regional vehicle production and export base for some of the world’s top car makers, including Toyota and Honda.
Sources: Reuters
