Market Chatter: Car Production in Thailand Rises 6.12% in July, Lifted by Electric Vehicles

MT Newswires Live08-26 11:53

Automotive production in Thailand rose 6.12% in July to 117,383 units, driven by the production of electric passenger cars, which shot up 271% to 13,422 units, media reports said on Tuesday, quoting data from the Federation of Thai Industries.

The growth in July follows a year-on-year fall of 7.55% in June.

Domestic car sales rose 20.07% in July compared to a growth of 17.3% in ⁠June, while exports in July grew 2.4% from a drop of 7.45% seen in the preceding month, according to the FTI.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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