Thailand Automotive Market Optimistic for the Full Year

Automakers are raising their sales forecasts for full-year sales in Thailand after a robust first half. Toyota Thailand says first-half sales rose 11.2% year-on-year to 409,980 units. It credits an economic recovery boosted by government stimulus programs. The car market rose 25.0% to 161,483 deliveries with commercial-vehicle sales climbing 3.8% to 248,498 units.

The sales of Mazda Thailand has breached the 100 thousand mark and it says it is seeing tremendous growth in the Thai market.

In addition, after Toyota Thailand's success in the Thai automotive market, it will double its manufacturing capacity for Toyota cars when its new 670,000-sq.-m plant at Bukit Raja, Selangor (Singapore), opens in 2019. The plant will launch with a production capacity of 50,000 units a year and is designed to expand to 100,000 units as the market develops.