Thai auto production in Q4 likely to slump 44-55%: Kasikorn


BANGKOK, Nov 23 – Thailand’s auto production in the fourth quarter of this year is projected to shrink by 44-55 per cent year-on-year due to the recent flood crisis, Kasikorn Research Center (KRC) said on Wednesday.

The think tank forecasts that the country’s total auto production in the last quarter of 2011 will dip to 200,000-250,000 units, a 44-55 per cent decline.

Due to the significant drop, this year’s overall production was projected to fall 7-10 per cent to 1,485,000-1,535,000 units, dropping from 1,645,304 units last year.

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