THAILAND : -- The automotive industry of the Federation of Thai Industries has revised down the automobile production projection for this year by 200,000 units to 2.2 million units due to drop in sale during the first half of the year.
Vice president, Mr Surapong Paisitpattanapong, of automotive industry, disclosed Wednesday that production projection for this year would be about 10.45 percent lower than last year or 257,000 units less.
Consumption will be scaled down from 1.2 million units to one million which accounts for 45.45 percent of the entire production or 25.14 percent down from last year’s total production of 1.33 million units, he said, adding that the scaleback in production projection was due mainly to below-target sale during the first six months of the year.
He said 73,800 units were sold in June, down by 30.4 percent compared to the same month last year. Overall car sale for the first six months stood at 441,000 units, down by 40.5 percent from the same period last year.
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