Thailand’s car production declined by 19.3% in February

The decline in car production in Thailand in February was primarily due to various factors, including the rise in imported electric vehicles (EVs) and a decrease in the production of pickup trucks. These factors contributed to a 19.3% decrease in car production compared to previous months. This trend indicates a shift in consumer preferences towards more environmentally friendly vehicles and a decrease in the demand for certain types of vehicles.

The increase in imported electric vehicles suggests a growing interest in sustainable transportation options among consumers. On the other hand, the decrease in production of pickup trucks may indicate a shift in market demand or changing economic conditions in the country. Overall, these factors have led to a significant decline in car production in Thailand, highlighting the dynamic nature of the automotive industry and the need for manufacturers to adapt to changing trends.

Source link : Thailand’s car production declined by 19.3% in February