skip to Main Content
FTI Spurs Thai Automotive Market With Proposed Measures

FTI Spurs Thai Automotive Market With Proposed Measures

FTI Spurs Thai Automotive Market With Proposed Measures

According to the Federation of Thai Industries (FTI) automotive club, Thailand’s automotive production is likely to plunge 37 percent to 1.33 million units this year and could drop even further to 50 percent (to one million units) if the pandemic lasts till June.

FTI has proposed measures to boost domestic car demand, including a car trade-in scheme, 50 percent excise tax reduction until the end of the year and a delay in enforcement of Euro 5 emission standards.

Under the car trade-in scheme, the government encourages motorist to purchase new, eco-friendly vehicles and turn in cars over 20 years old. An estimate of two million cars would qualify for the scheme, according to a spokeman for FTI, in an interview with Bangkok Post. Although the government may not be able to fund the scheme entirely, subsidies will be provided for auto companies. This is a bid to boost volume for automakers and prevent job layoffs.

Furthermore, FTI is looking into alternative measures to help auto parts manufacturers tide through the pandemic. The group is studying the possibility of repurposing and shifting domestic auto parts manufacturing plants to produce medical devices or aviation parts which are in greater demand following the pandemic instead.

For more news and information, visit

Check these articles out:

Share Your Insights: COVID-19 & Your Business

Vietnam To Remove Import Tax For Auto Materials

Customising For Efficient And Consistent Performance

Thailand To Establish Committee For Electric Vehicles

Singapore’s Manufacturing Industry Expands At PMI Of 52.6

Creaform Adds Academia 50 3D Scanner To Its Educational Solution Suite

Pandemic Highlights the Need for Smarter, More Adaptable Cities

Vietnam Could Be The Next Strategic Production Centre For Hyundai

Developing Asia Growth To Fall In 2020 On COVID-19 Impact



FOLLOW US ON: LinkedIn, Facebook, Twitter



Manufacturing In Asia Post COVID-19
ANCA Launches CIM3D V9 With Time-Saving And User-Friendly Enhancements
Back To Top