Macroeconomics

Thailand Car Production Drop 16.6% in July as Local Sales Down, Federation Says

August 27, 2024, 01.35 PM | Source: Reuters

ILUSTRASI. Workers assemble an EV car inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa

AUTOMOTIVE - BANGKOK. Car production in Thailand fell 16.62% in July from a year earlier to 124,829 units due mainly to lower domestic sales, the Federation of Thai Industries said on Tuesday.

The figure compared with June's 20.11% year-on-year decline. It was the 12th straight month that production had contracted.

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