AUTOMOBILES
Car industry gunning for spot in top 10
- Published: 20 Sep 2012 at 00.00
- Newspaper section: Business
Thailand will become a global top-10 carmaker in the next five years, with annual output reaching 3 million units, says Surapong Paisitpatanapong, spokesman for the automobile industry club of the Federation of Thai Industries (FTI).
He said even though the industry was badly affected by last year's earthquake and tsunami in Japan and flooding in Thailand, the tax rebate under the government's first-time car buyer scheme will help the industry to recover and experience rapid growth.
Next year's domestic market looks healthy, while the automobile and auto parts sectors are among the few to weather the debt crisis in Europe that has adversely affected almost all other Thai exports, said Mr Surapong.
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