Toyota's Thai unit sees its 2022 car sales up 18.5%

Toyota's Thai unit sees its 2022 car sales up 18.5%

FILE PHOTO: Employees work at an assembly line in the Toyota manufacturing plant located in Chachoengsao province, east of Bangkok, Nov 7, 2012. (Reuters)
FILE PHOTO: Employees work at an assembly line in the Toyota manufacturing plant located in Chachoengsao province, east of Bangkok, Nov 7, 2012. (Reuters)

The Thai unit of Toyota Motor Corp expects its car sales in the country to rise 18.5% to 284,000 vehicles this year, the company said on Thursday.

Toyota, which commands about a third of the Thai vehicle market, recorded sales of 239,723 in the country, down 1.9% in 2021, President of Toyota Motor Thailand Noriaki Yamashita said in a statement.

The company is targeting car exports of 371,000 vehicles this year, up 27% from 292,000 cars shipped out last year.

"Covid-19 may continue to impact on the Thai economy, but we anticipate that the Thai auto industry would gradually return to normal, with resuming operations of all economic sectors, and also people have learned how to cohabit with the Covid-19 outbreak safely," Mr Yamashita said.

There will also be a gradual recovery in a shortage of parts supplies, he added.

Thailand is a regional vehicle production and export base for the world's top carmakers, including Toyota, Honda and Mitsubishi.

The industry accounts for about 10% of gross domestic product and manufacturing jobs.

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

4,099 new Covid cases, 29 more deaths

The country registered 29 more Covid-19 fatalities and 4,099 new cases during the previous 24 hours, the Public Health Ministry announced on Monday morning.

07:47

Teens face pandemic woes

Thailand Policy Lab says many Thai teens have expressed their worries on social media through more than 100,000 messages, signalling a possible mental health problem among youths.

07:03

Wattana claims elusive snooker gold

Snooker star Wattana Pu-ob-orm won his first SEA Games gold medal while the women's volleyball team were crowned champions for the 15th time at the biennial tournament in Hanoi.

06:22