Thai auto trade shows resilience in 2023 Bangkok International Motor Show

The 2023 Bangkok International Motor Show got here to an finish on Sunday, and the numbers present that the Thai automotive business is making a powerful comeback. Effortless and bike bookings increased by more than 35% year-on-year to 45,983 models, a determine attributed to an bettering economy and the rising popularity of electric vehicles (EVs).
Jaturon Komolmit, Vice-Chairman of Grand Prix International, which organized the event, credited the government’s coverage to advertise EVs for reinforcing the industry. He said…
“The Thai automotive trade tends to get more healthy and develop, thanks to EVs which drew a good response from consumers.”
Building blocks ’s motor present noticed a complete of fifty new fashions of battery and oil-powered vehicles and bikes, including 9,234 bookings for electric autos, making up 21.5% of complete car bookings. While inside combustion engine-based cars still commanded essentially the most bookings at 33,651 items, a year-on-year enhance of more than 34%.
Despite issues expressed by world carmakers relating to high inflation, household debt, and stricter mortgage circumstances, the Thai auto industry seems to be exhibiting resilience. Surapong Paisitpatanapong, Vice-Chairman of the Federation of Thai Industries (FTI) and spokesman for the FTI’s Automotive Industry Club stated he believes the extended global semiconductor shortage will ease this 12 months, in contrast with the severe scarcity a few years in the past, Bangkok Post reported.
The 12 day event drew 1.sixty two million guests, an increase from 1.fifty seven million guests last year, with bookings of bikes also increasing by 56.7% year-on-year to three,098 units. Electric bikes accounted for 837 of the tally.
As the business seems in the course of the longer term, the FTI’s Automotive Industry Club expects total car manufacturing in Thailand to achieve its target of 1.ninety five million units this yr, an increase of three.53% from more than 1.88 million units in 2022.
The 2023 Bangkok International Motor Show has proven that the Thai auto trade is bouncing again, and the recognition of EVs is helping to drive progress, just as it did finally year’s show..

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