The Federation of Thai Industries (FTI) on Monday said it expects automotive production in the country to reach a record high of two million vehicles in 2012.
This would translate into a year-on-year increase of 37 percent compared to 2011 when production plunged 11.4 percent to 1.46 million vehicles.
Of total, 733,950 were manufactured for export, accounting for 50.3 percent of total. This showed a 17.9 percent drop from a year earlier. Domestic demand decreased as slightly as 0.80 percent, as 794,080 vehicles were sold in 2011.