Thailand’s car and truck exports in March rose by 12.63% to 127,619 units compared to the same period last year, according to the Federation of Thai Industries’ automotive industry club, Bernama reports.
“The automotive exports, which include engine, parts and spare parts, rose three per cent to 80.676 billion baht (RM8.78 billion),” deputy chairman Surapong Paisitpatanapong said.
For the January-March period, exports totalled 328,232 units – 12.6% up on the same period last year – and in terms of value, up 7.74% to 146.884 billion baht (RM15.99 billion).
However, domestic sales in March continued to be weak, decreasing 11.7% year-on-year to 74,117 units. Surapong attributed the drop to a government budget disbursement that was lower than expected, continued low agricultural product prices, significant household debt, strict loan requirements and a private sector investment slowdown.
Where the January-March period is concerned, domestic sales were up 11.8% year-on-year to 197,789 units, but car and truck production in March fell 1.72% to 178,217 units (January-March period, up 1.36% to 524,540 units), Surapong said.
The gap in car output between Thailand and Indonesia narrowed to its smallest ever last year in percentage terms, and Indonesia’s production reportedly may push past Thailand’s within a decade. See how Malaysia did last year here.
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again,
thank you very much Dr M for you ambition and vision to make Thai and Indonesia the best place to invest in automotive segment in South East ASia.
we love you.
and please,please.. help us kick Najib and his stupid 1MDB.
Tak sah berita Thai, Indon, Pinoy, soon to be Vietnam, Burma, Laos, Cambodia, Timor Leste without giving gratitude to their automotive industry father.
Thank you Tun Dr M, and please continue your attacks.
Yet another blow to Malaysians and a few thousand or maybe tens of thousands jobs are lost because our Ministers believe in crony practice.
Malaysians have already suffered so much. For 30 years, 30 million people suffer so much. We struggle paying for our high car prices all because of one man’s dream of benefiting his friends and relatives through the AP system and the government protecting Proton.
Malaysia was on its way to becoming the Detroit of Asia in the 90s. But the AP system cost us hundreds of billions in ringgit in investments from car companies who moved to Thailand and Indonesia. Car companies got fed up with Malaysia’s MITI for protecting Proton and telling other companies what to price their cars. They got sick and tired of the AP system and how genuine brands cannot get enough APs to import their cars in (like Mercedes, BMW and Honda).
They thought that if they set up their brands and plants in Malaysia, they knew they had to share the pool of APs with the cronies and they knew 90% of all APs go to the cronies. They all moved their operations to Thailand making it the AutoCity of the world.
Recently GM announced that they rolled out already 1 million cars from Thailand. Imagine if GM was in Malaysia and we taxed GM RM10,000 per car. Calculate that with 1 million cars. Just from GM alone, we lost Billions in USD. Imagine what will the amount be from other car companies if they had set up in Malaysia?
Because of Mahathir and his AP system, as well as Proton, we lost hundreds of billion of ringgit in investment and trillions of ringgit from jobs lost. If Malaysia was the autocity of Asia, hundreds of thousands of jobs would have been created for Malaysians. We lost all that. Trillions of Ringgit and hundreds of thousands of jobs. Now, Thailand is benefiting from this trillions lost.
So, in summary, the 30 PEKEMA AP members and Proton have solely caused Malaysia to lose trillions in investments.
A word of caution to the idiots at MAI and the idiots in MITI, Malaysia might even lose existing companies who are already CKDing in Malaysia. BMW, Mercedes, Nissan, Honda and Toyota might even close up their plants in Malaysia to open up in Thailand.
This is so worrisome. Despite Thailand having an unstable economy with riots and bombing, no stable government, yet car companies still prefer Thailand to Malaysia. Makes us wonder…..what is wrong with Malaysia?
This monthly 127000 car units exportation should be ours instead of Thailand, all thanks to Proton.
Because a man’s ego, Proton has to survive (no matter what it would cost).
Because Proton’s survival, generations of Malaysian doomed.
Everyone wishes to be the boss in Malaysia. No one likes to make their hand dirty. So our government being very considerate and import Bangla citizens la, lololol