Toyota Motor Thailand Announces its Annual Sales and Forecast for Thailand. TMT has stated that CY 2016 was one of the toughest years for the automotive industry in Thailand. Despite the Thai government's support to help stimulate economic growth, factors such as the decision to restructure excise taxes placed on new cars late last year had a negative impact on consumer's purchasing power.
Market outlook for sales of the Thai automotive industry is positive, due to the end of the period of the first-car scheme, expectations of increase in government expenditure, as well as the introduction of a wide-range of new products by many automakers. Therefore, an overall sales level of 800,000 units, representing a 4.1% rise is expected.
CY 2017 Toyota Sales Forecast in Thailand
With Toyota celebrating 55 years of business operations in Thailand, TMT President Kyoichi Tanada affirmed that Toyota will strive to continue to drive happiness for the Thai society, by offering various new products to meet the need of our customers.
Additionally, we will continue to support sustainable social contribution activities in Thailand, as well as to increase the capacity and capability of research and development that is line with the needs of the global market. Toyota is also aiming to help raise the standards of Thailand's automotive industry in order to aid its growth and development in a sustainable manner.
Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of December 2013, Toyota conducts its business worldwide with 52 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 170 countries and regions. For more information, please visit www.toyota-global.com.
Public Affairs Division Global Communications Department Toyota Motor Corporation Tel: +81-3-3817-9926
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