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To meet the rising demand in domestic and overseas markets, Toyota Motor Corporation (TMC) in Japan, and TMT decided to invest about 11,000 million Thai Baht in another new assembly plant in Thailand which is “Gateway 2” at Chachoengsao province to assemble passenger cars with the annual production capacity at the beginning of about 80,000 units with 1,500 employments. As a result, this will increase Toyota total normal production capacity of up to 770,000 units per year. The production at the Gateway 2 plant will start on 26 August 2013.

Via THE NATION: Prime Minister Yingluck Shinawatra would like to see German carmaker Volkswagen invest in the manufacture of eco-cars in Thailand, which has attractive investment-promotion policies and a strong automobile industry. Yingluck met with Volkswagen AG chief executive officer Christian Klingler and discussed problems and obstacles associated with manufacturing eco-cars in Thailand. Klingler was told that the government has policies to promote regional trade via investment in transport infrastructure, which will facilitate the transport needs of the private sector region-wide. Thailand is in a strong position to be a major regional manufacturing base for vehicles of various brands from several countries. She welcomed Volkswagen to explore the opportunities for eco-cars in Thailand. The Ministry of Industry and the Board of Investment are ready to provide assistance to the company should it be interested in investing in a plant here, she said. Klingler said Volkswagen was inte

Via THE NATION: The Industry Ministry has announced that conditions for Phase 2 of the eco-car project are nearly finalised and will be forwarded to the Board of Investment (BOI) for next week's meeting. Meanwhile, the Federation of Thai Industries (FTI) has expressed concerns that rushing to get approval of Phase 2 of the policy could affect Phase I manufacturers. Industry Minister Prasert Boonchaisuk will chair a meeting today of the subcommittee for investment promotion policy to discuss Phase 2 of the eco-car policy, according to a ministry source. The results will be forwarded to the BOI meeting to be chaired by Finance Minister Kittiratt Na-Ranong next Wednesday. Planned policy of the eco-car is likely to be announced this year for next year's investment, the source said. Thailand hopes to have produced 3 million eco-cars by 2017. Five carmakers are expected to invest in Phase I of the eco-car project. They are Toyota, Honda, Mitsubishi, Nissan and Suzuki.

Proton has unveiled a hatchback version of the Prevé saloon - the Suprima S. Held at the Matrade Exhibition and Convention Centre, the Proton Suprima S was unveiled by the advisor of the Proton Group, Dr. Mahathir Mohamad, accompanied by Proton executive chairman Mohd Khamil and deputy chief executive officer Lukman Ibrahim. The company says the new model is its most well-equipped product to date, with the Premium variant offering a host of features never before seen in a Proton model. This includes Proton Infotainment with Android-based Operating System, rear LED light guides, DRL (Daytime Running Lights), Hill-Hold Assist, and Park Assist with front parking sensors. The Suprima S is powered by Proton's 1.6-litre turbo engine, mated to a seven-speed ProTronic CVT. Proton claims it delivers power and torque equivalent to a 2.0-litre naturally aspirated engine.

Thailand Automotive Industry Statistics - July 2013 Domestic car sales over the month totalled 98,251 units, down 25.4% on July 2012 and a decline of 7.33% on June. Sales volume stayed below 100,000 units for the first time in 15 months, because car makers had delivered all vehicles ordered under the first car scheme and due to stricter car loan conditions imposed by financial firms. Car sales over the first seven months of the year stood at 839,046 units, up 13.06% on the same period last year. A total of 82,710 vehicles were exported in July, down 13.99% on July 2012 and 14.01% on June, Surapong Paisitpatanapong, spokesman for the Automotive Industry Club, said on Thursday. The vehicle export value for the month stood at 39.45 billion baht, down 16.21% on July 2012, said Mr Surapong. Exports over the first seven months of the year (Jan-July) totalled 617,076 units, up 11.54% from the same period last year. Car exports accounted for 99.07% of the total for-export production output, sh

The ASEAN automotive market is set to grow at a compound annual growth rate (CAGR) of 5.8% (2012-2019) to 4.71 million units in 2019, mainly driven by rapid market expansions in Indonesia and Thailand, market researchers Frost & Sullivan said today. Check out the whole story here .