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Automobile production is projected to expand gradually by 0.5-1.5% per year during 2026-2028, driven by increased manufacturing investment and excise tax reductions for hybrid vehicles (HEVs and MHEVs).

The automobile industry in 2020 is likely to shrink strongly. The result of the global COVID-19 virus outbreak. Disrupted the automobile production chain

Automobile production growth is projected to remain flat at around -0.5% to 0.5% annually during 2025–2027

Updated the key Industry Indicator: Automobile in each industry.By Wanna Yongpisanphob

Updated the key Industry Indicator: Automobile in each industry.By Wanna Yongpisanphob

Auto production is forecast to drop by -3.5% to -2.5% annually from 2024 to 2026 as a result of weakness in the domestic market through 2024 and greater competition from imported EVs. However, output should improve somewhat in 2025 and 2026. Domestic sales in 2024 will decline by -4.5% to -3.5%

The automobile industry is an industry that the Thai government has continuously promoted. Early development focused on production to replace imports

The auto industry will see continuing growth through the period 2023-2025 thanks to a combination of factors. (i) The recovery in the overall economy and purchasing power with softer inflationary pressure (ii) Although conflicts between the US and China over access to technology will mean that periodic problems with chip shortages will persist through 2023, greater investment in production capacity in the US, Germany, and Japan will translate into increased output, and so in 2024 and 2025, semiconductor supply problems should ease. (iii) Government measures to stimulate demand for battery electric vehicles will continue to support the market. (iv) Government spending on infrastructure development, growth in logistics and online retail,

Has played an important role in the Thai economy continuously and has grown in line with the domestic automobile industry