The adoption of two automotive decisions by the Ministry of Industry and the Parliament in recent days was accompanied by many protests and concerns, and in the situation where the lack of foreign exchange resources was cited as the main reason for stopping imports, the reduction of the tariff and the forecast of the introduction of second-hand cars in the 1402 budget bill With the aim of organizing the market, it has surprised everyone.
As EV sales in California added up to about 16% of vehicle sales in 2022, Tesla once again took a mammoth lead, with the Model 3 topping the charts in the state. Are other brands gaining on Tesla’s lead?
While it seemed that with the support of the government and especially the Ministry of Economy, the story of the car offering in the stock market has reached a happy end, the Competition Council emphasizes its profiteering by stopping the current process, although the Ministry of Economy and Finance also aims to preserve interests.
Global sales for the group, including truck unit Hino Motors (7205.T) and small-car maker Daihatsu, inched down 0.1% as record overseas sales of 8.6 million vehicles helped offset a 9.6% dip in its home market to 1.9 million.
Toyota, which commands about a third of the Thai vehicle market, recorded local sales in 2022 of 288,809 units, up 20.5%, Toyota Motor Thailand said in a statement.
When it comes to implementing new operational technology and information technology systems, I know the automotive industry has been a bit more conservative despite the complexity of processes required to meet customer demands.
In a situation where the Competition Council has again demanded to enter the field of pricing in the automobile industry, it seems that this time the government, along with the Supreme Council of the Stock Exchange, has become a serious supporter of automobile manufacturers, and the Competition Council's hand will remain short of automobile pricing for the time being.
It’s anyone’s guess how 2023 may shape up but DesRosiers Automotive Consultants, succinctly sums up best, recent challenges and the prospects for 2023:
In a situation where car manufacturers are hoping to earn money from selling cars in the commodity exchange with the aim of compensating for part of the production losses, the government is trying to earn this money in order to find a new place to compensate for its budget deficit next to imported cars.