Indonesia, Thailand to drive Asean car market to 4.7 million units in 2019, says Frost & Sullivan

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.

Comments

Post a Comment

Popular posts from this blog

Golden year for auto industry

Image
THE NATION reports: This year can certainly be considered the golden year for Thailand's automobile industry. Just grab a look at these figures: apart from achieving a new sales record of an expected 1.4 million vehicles, 2012 also marks the first year that the industry has broken the 2-million-vehicle production mark. Auto exports from Thailand this year is estimated at Bt1 trillion, making the auto industry the biggest earning industry, with 1-tonne pickup trucks and eco-cars as the mainstream products, as well as auto parts and components. Watching this growth trend, many are already eyeing the 3-million-vehicle production mark for the auto industry. The Industry Ministry along with the Federation of Thai Industries (FTI), the Auto Industry and the Auto Parts Industry Club of the FTI, Thai Automotive Industry Association (TAIA), Thai Auto Parts Manufacturers Association (TAPMA), Board of Investment (BoI) and the Thai Automotive Institution (TAI) recently celebrated the 2-million...
Read more

Myanmar Presentation by UMFCC

Image
All you want to know about Myanmar – a very nice presentation by the Union of Myanmar Federation of Chambers of Commerce…. Click here to download  (8 MB PDF - 69 Pages about economy and investment / business opportunity).
Read more

AAM expands its manufacturing presence in Asia with new facility in Thailand

Image
Rayong, Thailand, September 9, 2011 - American Axle & Manufacturing Holdings, Inc., (AAM) which is traded as AXL on the NYSE, today announced the grand opening of its Rayong Manufacturing Facility, located in the Hemaraj Eastern Seaboard Industrial Estate in the Rayong Province of Thailand. Joseph S. Tang, the plant manager of Rayong Manufacturing Facility, will oversee the facility's manufacture of highly engineered and proven driveline products for the region. Products manufactured at the facility include front axles, rear axles; and driveshafts.
Read more