ID :
197223
Tue, 07/26/2011 - 10:17
Auther :
Shortlink :
http://m.oananews.org//node/197223
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Thailand's auto production to reach 2mln units in 2012
BANGKOK, July 26 (TNA) - The Thai Automotive Industry Association (TAIA) projected on Tuesday that the country's automobile production will reach some two million units next year, from about 1.8 million units this year, thanks to high domestic and overseas demand.
TAIA President Piengjai Kaewsuwan said despite negative impacts from devastating earthquake and tsunami in Japan's Northeast on March 11, the high market demand has boosted Thailand's production of automobiles and parts.
Piengjai acknowledged that several Japanese manufacturers of automobiles and parts are also relocating their production bases to Thailand in the wake of the March 11 twin disasters, including Jatoko (Thailand) Company, the manufacturer of the continuously variable transmission (CVT) auto gear with its initial capital of 20 billion yen and its commercial operations set to kick off in the mid-2013 fiscal year.
TAIA chief said if key economic policies of the incoming Thai government, led by the Pheu Thai Party, mostly remain unchanged from those of the outgoing Democrat Party-led administration, they will continue to spur the national economy and purchasing power of local consumers.
Regarding the new Pheu Thai Party-led administration's plan to raise daily minimum wage to 300 baht in all areas across the country, the TAIA president insisted that it is unlikely to affect the local automobile industry, where its average wage cost per head is normally higher than the average minimum wage, as skilled workers are mostly employed.
The TAIA chief noted that the new Thai government's plan to cut corporate tax will further benefit the local auto industry, once it is implemented. (TNA)
TAIA President Piengjai Kaewsuwan said despite negative impacts from devastating earthquake and tsunami in Japan's Northeast on March 11, the high market demand has boosted Thailand's production of automobiles and parts.
Piengjai acknowledged that several Japanese manufacturers of automobiles and parts are also relocating their production bases to Thailand in the wake of the March 11 twin disasters, including Jatoko (Thailand) Company, the manufacturer of the continuously variable transmission (CVT) auto gear with its initial capital of 20 billion yen and its commercial operations set to kick off in the mid-2013 fiscal year.
TAIA chief said if key economic policies of the incoming Thai government, led by the Pheu Thai Party, mostly remain unchanged from those of the outgoing Democrat Party-led administration, they will continue to spur the national economy and purchasing power of local consumers.
Regarding the new Pheu Thai Party-led administration's plan to raise daily minimum wage to 300 baht in all areas across the country, the TAIA president insisted that it is unlikely to affect the local automobile industry, where its average wage cost per head is normally higher than the average minimum wage, as skilled workers are mostly employed.
The TAIA chief noted that the new Thai government's plan to cut corporate tax will further benefit the local auto industry, once it is implemented. (TNA)
