Thailand: Vehicle output down 67% year-on-year
Automobile production in Thailand fell 68 percent to 49,439 units in October, due to extensive flooding in the central plains, a major hub for the automotive industry.
In addition, the Automotive Industry Club said that Exports in October amounted to 50,913 units, down 36.6 per cent year-on-year and a 43.8-per-cent drop compared with the previous month.
Vehicle output may drop to 1.5 million units this year, compared with an earlier estimate of 1.8 million. Surapong Paisitpatnapong, a spokesman for the Thai Automotive Industry Club, said at a briefing in Bangkok.
Honda was the only assembly plant directly affected by the floods. Even so, other factories closed as no parts were available from swamped suppliers.
“All carmakers experienced significant reduction of car production in October, while the worst-affected Honda remained productive in that month but in small volumes,” Mr Surapong said.
Honda Motor Co.’s (HMC) automobile factory in the country will remain closed due to the inundation. However, the company has resumed production of motorcycles and power products at its subsidiary plant in the country after their suspension in October.
Toyota, the largest Japanese automaker said it was forced to halt its three assembly plants in Thailand in early October due to the flooding and will not reopen them until November 21.
Nissan, which builds the popular March subcompact in Thailand and imports it back to Japan, has stopped production on October 14 but has resumed partial production on November 14. The plant stopped producing vehicles on October 13.
The total number of vehicles sold in Thailand last month was just 42,873 units (41.8 down from the same period last year.), comprising 19,852 passenger vehicles, and 23,201 commercial vehicles.
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