Thailand’s automotive sector gearing up - OBG

Thailand’s automotive sector gearing up

Auto manufacturers based in Thailand are continuing to boost production capacity, with ground being broken for a series of new plants and expansions to existing facilities. However, there are some concerns that both domestic and export sales may ease later in the year due to expected economic cooling at home and abroad.
The automotive sector’s contribution to the Thai economy represents around 12% of GDP, making it Thailand’s third largest industry, and one of its largest employers, providing some 400,000 jobs. Unlike some of its regional rivals, Thailand’s automotive sector is fed by its own stream of parts, ... Read more.

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