Toyota downgrades Thai forecast after poor first half | Bangkok Post: business

Business > Marketing

Toyota downgrades Thai forecast after poor first half

- +

Japanese car maker Toyota has cut its local sales forecast to only 330,000 vehicles this year from 400,000 projected earlier even though it admits Thailand’s political situation has become more stable. 

Kyoichi Tanada (left), president of Toyota Motor Thailand, and Shinichi Yasui, chief engineer at parent Toyota Motor Corporation, unveil the new Corolla Altis at the Bangkok International Trade & Exhibition Centre on Bang Na-Trat Road yesterday.

Kyoichi Tanada, president of Toyota Motor Thailand (TMT), said the political turmoil took a heavy toll on Thai consumers’ purchasing decisions and domestic car sales in the first half, causing a knock-on effect for full-year sales.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

1 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments