The 2023 Bangkok International Motor Show got here to an end on Sunday, and the numbers show that the Thai automotive trade is making a powerful comeback. Car and bike bookings increased by greater than 35% year-on-year to 45,983 units, a figure attributed to an enhancing economy and the rising recognition of electrical vehicles (EVs).
Under wraps , Vice-Chairman of Grand Prix International, which organized the occasion, credited the government’s policy to advertise EVs for boosting the industry. He said…
“The Thai automotive trade tends to get more healthy and develop, because of EVs which drew a good response from patrons.”
This year’s motor present noticed a total of 50 new fashions of battery and oil-powered vehicles and bikes, including 9,234 bookings for electric autos, making up 21.5% of complete automobile bookings. While internal combustion engine-based automobiles nonetheless commanded essentially the most bookings at 33,651 items, a year-on-year increase of greater than 34%.
Despite considerations expressed by world carmakers concerning excessive inflation, family debt, and stricter loan conditions, the Thai auto business seems to be displaying 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 world semiconductor shortage will ease this year, in contrast with the extreme scarcity a few years ago, Bangkok Post reported.
The 12 day event drew 1.sixty two million visitors, a rise from 1.57 million guests last year, with bookings of motorcycles also rising by fifty six.7% year-on-year to three,098 models. Electric bikes accounted for 837 of the tally.
As the industry appears in the path of the longer term, the FTI’s Automotive Industry Club expects total automobile manufacturing in Thailand to reach its target of 1.95 million models this yr, a rise of three.53% from greater than 1.88 million units in 2022.
The 2023 Bangkok International Motor Show has shown that the Thai auto business is bouncing back, and the popularity of EVs helps to drive development, just because it did finally year’s show..