← Back to KHAO

Thailand confident Toyota will keep production base despite regional competition

6 min read

Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.

◌ Single Source

Thailand confident Toyota will keep production base despite regional competition

Thailand’s economic planning agency is confident that Toyota will not relocate its production base from the country, citing a well-established automotive supply chain developed over more than three decades.

Key facts

Summary

Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), was responding to Indonesia’s efforts to attract greater investment from major carmakers, including Toyota, as it seeks to strengthen its automotive industry and compete with Thailand as a regional production hub.

Although Toyota already invests in and manufactures certain vehicle models in Indonesia, Danucha said Thailand continued to benefit from longstanding economic ties with Japan.

Read full article at Nation Thailand →