Mitsubishi's exports down 3.9% in 2019

Mitsubishi's exports down 3.9% in 2019

Morikazu Chokki, president and chief executive of Mitsubishi Motors Thailand (right), is in the company's press conference on Tuesday. (Piyachart Maikaew)
Morikazu Chokki, president and chief executive of Mitsubishi Motors Thailand (right), is in the company's press conference on Tuesday. (Piyachart Maikaew)

Mitsubishi Motors Thailand exported 332,700 vehicles last year, a 3.9% drop, the company said on Tuesday.

Of the total volume, 284,000 vehicles were shipped as completely built-up units in 2019, down 0.9% year-on-year, while the remaining 48,200 units were exported as completely knocked-down kits, down 18.6%.

President and chief executive Morikazu Chokki said last year's completely built-up volume made Mitsubishi the largest car exporter among local manufacturers.

"Although there was a year-on-year contraction, Mitsubishi was satisfied with last year's performance amid economic difficulties worldwide, particularly the completely built-up shipment," he said.

Mitsubishi posted local sales in 2019 of 88,244 units, up 4.4%, overcoming a Thai car market that fell 3.3% to 1,007,552 units sold last year.

Of Mitsubishi's total sales in 2019, the Thai-made Triton pickup sold 35,807 units while the Indonesia-made Xpander SUV delivered 16,196 units.

Mitsubishi forecasts the Thai car market at 920,000-950,000 units sold in 2020.

"We expect to capture a 9% market share this year," Mr Chokki said.


Do you like the content of this article?
COMMENT (3)

Singapore to ban gatherings

Singapore is adopting new laws that ban both public and private gatherings of any size as the city-state ramps up social distancing measures to stem the spread of the coronavirus.

20:32

MP candidate again linked to mask fraud

A former election candidate of the Paradonraphab Party, Anonvat Vorametchayangkoon, is in hot water again after two women accused him of cheating them out of 520,000 baht in illegal face mask sales.

20:11

Covid centre 'working to bring Thais home'

The Centre for Covid-19 Situation Administration (CCSA) is working with related agencies to bring Thais stranded in airports across the world home as the Civil Aviation Authority of Thailand (CAAT) has extended a ban on all commercial flights to Thailand until April 18 to support the country's campaign to contain the coronavirus.

19:59