Issue04 : 26 May 2014
Nuntawan Sakuntanaga, the director general of the DITP, reported an anticipated 10 per cent growth in automobile and auto-part exports for the first quarter of 2014. Thailand targets production of 2.4 million automobiles in 2014, split evenly between exports and local distribution. It also hopes to export more auto-parts this year, despite currency fluctuations.
“The depreciation of the baht increases the cost of production because wage levels in Thailand are higher than other countries, though Thailand has efficient truck and eco-car production sectors,” said Sakuntanaga.
Thailand will support automobile and auto-part manufactures by holding DITP Expo events, initiating SME Pro-active projects, supporting more research and implementing a Supply Chain Management strategy.
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