Thailand vehicle production to decline between 25-30 per cent in 2020 – GlobalData
Following the news that the Federation of Thai Industries (FTI) reported a year-on-year decline of 38.76 per cent in vehicle production over the past nine months, Bakar Sadik Agwan, Senior Automotive Consulting Analyst at data and analytics company GlobalData, says: “Thailand, a key automotive production hub in Asia, is struggling hard to recover from the slumped vehicle production output. Vehicle production, both for domestic sales and exports, has been witnessing a downward trend since 2019.