Toyota, which instructions a couple of third of the Thai car market, recorded gross sales of 239,723 within the nation.
View PhotosToyota recorded gross sales of 239,723 items within the Thai car market
The Thai unit of Toyota Motor Corp expects its automotive gross sales within the Southeast Asian nation to rise 18.5% to 284,000 autos this yr, the corporate mentioned on Thursday. Toyota, which instructions a couple of third of the Thai car market, recorded gross sales of 239,723 within the nation, down 1.9% in 2021, President of Toyota Motor Thailand Noriaki Yamashita mentioned in a press release.
The firm is targetting automotive exports of 371,000 autos this yr, up 27% from 292,000 vehicles shipped out final yr.
“COVID-19 may continue to impact on the Thai economy, but we anticipate that the Thai auto industry would gradually return to normal, with resuming operations of all economic sectors, and also people have learned how to cohabit with the COVID-19 outbreak safely “, Yamashita mentioned.
There may even be a gradual restoration in a scarcity of elements provides, he added.
Thailand is a regional car manufacturing and export base for the world’s high carmakers, together with Toyota, Honda and Mitsubishi.
The trade accounts for about 10% of Thailand’s gross home product and its manufacturing jobs.
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With inputs from NDTV
