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Business & Economy

Thailand car production falls 17.37% y/y in December

BANGKOK (Reuters) – Car production in Thailand dropped 17.37% in December from a year earlier to 104,878 units due to lower domestic sales and exports, Federation of Thai Industries said on Tuesday.

That followed November’s 28.23% year-on-year fall, and was the 17th straight month that production had contracted.

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Thailand is Southeast Asia’s biggest autos production centre and an export base for some of the world’s top carmakers, including Toyota and Honda.

(Reporting by Orathai Sriring and Thanadech Staporncharnchai; Editing by Martin Petty)

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