Thursday, March 15, 2012

Auto industry staging major rebound

The local automobile industry is expected to experience a boom this year, said Piangjai Kaewsuwan, president of the Thai Automotive Industry Association.

Record output at or above 2.1 million units in 2012 is anticipated.

In the domestic market, sales of 1.1 million vehicles are expected, while exports of Thai-built vehicles are seen hitting 1 million units.