5-yr auto plan aims for top-10 ranking
THE NATION reports: The third master plan for the Thai automobile sector has been drawn up, alongside a study of long-term development of the industry with a view to establishing the Kingdom as one of the world's key manufacturing hubs by increasing production from 2.3 million units this year to 5.6 million units by 2050. The Thailand Automotive Institute's five-year master plan for 2012-2016 is focused on increasing output by an average of 10 per cent annually. The plan is also aimed at making the country one of the top 10 auto-manufacturing nations within the same time scale and increasing the use of local content in the industry from 40 per cent now to 50 per cent. In addition, the institute's long-term development goal is to increase production step by step over the next several decades. Targeted output is 3.3 million units in 2020, rising to 4.5 million units by 2030, 5 million units by 2040, and 5.6 million units in 2050. Witoon Simachokedee, permanent secretary of th...