Thailand's Car Production up 6.39 y/y in Feb, Exports Also Climb

THAILAND - BANGKOK. Car production in Thailand rose 6.39% in February from a year earlier to 165,612 units, as a shortage of microchips eased and car exports increased, the Federation of Thai Industries said on Thursday.

Car exports climbed 11.42% in February from a year earlier, after January's 24.28% rise, Surapong Paisitpattanapong, a spokesperson for FTI's automotive industry division, told a news conference.

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Domestic sales, however, dropped 3.94% in February from a year earlier, after January's 5.58% fall, due to an unexpected sharp decrease in truck sales, he said.

In January, car production rose 4.02% 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.