The 2023 Bangkok International Motor Show came to an end on Sunday, and the numbers show that the Thai automotive trade is making a powerful comeback. Car and motorcycle bookings increased by greater than 35% year-on-year to 45,983 models, a figure attributed to an bettering economy and the rising recognition of electrical vehicles (EVs).
Jaturon Komolmit, Vice-Chairman of Grand Prix International, which organized the occasion, credited the government’s coverage to promote EVs for enhancing the trade. He said…
“The Thai automotive business tends to get more healthy and develop, because of EVs which drew a great response from consumers.”
This year’s motor show noticed a total of 50 new fashions of battery and oil-powered cars and bikes, together with 9,234 bookings for electric autos, making up 21.5% of total car bookings. While internal combustion engine-based vehicles still commanded essentially the most bookings at 33,651 items, a year-on-year increase of more than 34%.
Despite issues expressed by global carmakers relating to high inflation, family debt, and stricter mortgage circumstances, the Thai auto business seems to be showing 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 prolonged world semiconductor scarcity will ease this year, in contrast with the severe scarcity a number of years ago, Bangkok Post reported.
The 12 day event drew 1.62 million visitors, an increase from 1.57 million guests final 12 months, with bookings of bikes additionally rising by 56.7% year-on-year to 3,098 models. No strings attached accounted for 837 of the tally.
As the business appears towards the lengthy run, the FTI’s Automotive Industry Club expects complete automobile manufacturing in Thailand to succeed in its target of 1.95 million models this year, a rise of three.53% from more than 1.88 million items in 2022.
The 2023 Bangkok International Motor Show has shown that the Thai auto industry is bouncing again, and the popularity of EVs helps to drive progress, simply as it did finally year’s show..