Thailand has a well-established automotive industry that accounts for 12% of its GDP. With over 50 years of development and support from government and private sectors, Thailand is now Southeast Asia's largest automotive producer and a top global producer. To promote green automotive technology, the government worked with industry on a master plan to develop Thailand as a global green automotive hub. The country has a strong local supply chain with over 2,000 automotive parts suppliers. Major automakers like Toyota, Honda, and Ford have production facilities in Thailand, taking advantage of its strategic location, infrastructure, and business-friendly environment.
The world is embracing to cleaner and smarter society while people’s mean of transportation like automobile also takes a step further to the next generation with more fuel-efficient and environmentally friendly. In 2016, 94 million automobiles were produced worldwide, the highest number in the history. Yet, those vehicles are embracing the new breakthrough technology. Ranging from hybrid to battery electric vehicle, the world aims to have EV at 40% market share of all automobile in 2040.
Presentation file on "Investment Opportunities in Auto Sector in Thailand" by Mr. Chokedee Kaewsang, Deputy Secretary General, Thailand Board of Investment, April 2, 2015 at Sheraton Centre Toronto Hotel, Toronto, ON, Canada
Thailand is the world's largest producer and exporter of natural rubber. The rubber industry is an important part of Thailand's economy, with production and domestic consumption growing annually. While Thailand exports raw natural rubber, it also produces various value-added rubber products. The government provides incentives to support the rubber industry and attract foreign investment through tax breaks and other benefits.
BOI recognizes the importance of automation and robotics and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand has established itself as a major aviation hub and aircraft maintenance center in Southeast Asia. The country's aviation industry has grown rapidly in recent decades, supported by Thailand's strategic geographic location and development of airports like Suvarnabhumi International Airport. This has attracted numerous aircraft maintenance companies to Thailand to service the growing commercial and cargo aircraft traffic in the region. The aircraft maintenance industry is expected to continue expanding significantly to capture projected growth in regional air travel.
The three largest automobile companies in Thailand are Toyota Motor Thailand Co. Ltd., Honda Automobile Thailand Co. Ltd., and Chevrolet Sales (Thailand) Ltd. Toyota Motor Thailand is the largest manufacturer and produces popular models like the Land Cruiser Prado SUV, Hilux truck, and Altis, Camry, and Vios sedans. Honda Automobile Thailand produces models including the Accord, CR-V, and Civic, as well as motorcycles, ATVs, and watercraft. Chevrolet Sales (Thailand) Ltd. distributes vehicles like the Colorado, Aveo, and Optra, and provides services such as maintenance and warranty support.
The world is embracing to cleaner and smarter society while people’s mean of transportation like automobile also takes a step further to the next generation with more fuel-efficient and environmentally friendly. In 2016, 94 million automobiles were produced worldwide, the highest number in the history. Yet, those vehicles are embracing the new breakthrough technology. Ranging from hybrid to battery electric vehicle, the world aims to have EV at 40% market share of all automobile in 2040.
Presentation file on "Investment Opportunities in Auto Sector in Thailand" by Mr. Chokedee Kaewsang, Deputy Secretary General, Thailand Board of Investment, April 2, 2015 at Sheraton Centre Toronto Hotel, Toronto, ON, Canada
Thailand is the world's largest producer and exporter of natural rubber. The rubber industry is an important part of Thailand's economy, with production and domestic consumption growing annually. While Thailand exports raw natural rubber, it also produces various value-added rubber products. The government provides incentives to support the rubber industry and attract foreign investment through tax breaks and other benefits.
BOI recognizes the importance of automation and robotics and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand has established itself as a major aviation hub and aircraft maintenance center in Southeast Asia. The country's aviation industry has grown rapidly in recent decades, supported by Thailand's strategic geographic location and development of airports like Suvarnabhumi International Airport. This has attracted numerous aircraft maintenance companies to Thailand to service the growing commercial and cargo aircraft traffic in the region. The aircraft maintenance industry is expected to continue expanding significantly to capture projected growth in regional air travel.
The three largest automobile companies in Thailand are Toyota Motor Thailand Co. Ltd., Honda Automobile Thailand Co. Ltd., and Chevrolet Sales (Thailand) Ltd. Toyota Motor Thailand is the largest manufacturer and produces popular models like the Land Cruiser Prado SUV, Hilux truck, and Altis, Camry, and Vios sedans. Honda Automobile Thailand produces models including the Accord, CR-V, and Civic, as well as motorcycles, ATVs, and watercraft. Chevrolet Sales (Thailand) Ltd. distributes vehicles like the Colorado, Aveo, and Optra, and provides services such as maintenance and warranty support.
Presentation file on "Thailand: An ASEAN Hub, A World of Opportunities" by Ms. Ajarin Pattanapanchai, Senior Executive Investment Advisor, Thailand Board of Investment, May 21, 2015 at the Royal Thai Consulate, Chicago
Thailand has a population of 67 million people and GDP of $385 billion in 2013, with strategic location giving access to markets in China, India, and ASEAN. It has competitive advantages like low wages and tax rates, good infrastructure and skilled workforce. The document promotes Thailand as an attractive location for investment and manufacturing in industries like automotive, electronics, food processing, and aircraft parts due to the country's competitive incentives and workforce.
Thailand has become a major regional hub for aircraft service and maintenance due to steady growth in air travel and cargo volumes. Several factors have contributed to Thailand's development as an aircraft service center, including its large international airports, a growing aviation industry, and government support for developing the aerospace sector. Major aircraft maintenance companies have operations in Thailand taking advantage of its strategic location, infrastructure, and workforce.
BOI recognizes the importance of aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand has a large and well-established electrical and electronics industry. In 2014, the industry accounted for 24% of Thailand's exports and billions in revenue. Thailand is a major hub for electronics manufacturing in Southeast Asia, hosting global brands in appliances, integrated circuits, data storage, and more. The Thai government supports the industry through research programs, workforce training, and incentives to attract investment. As the electrical and electronics industry continues growing, Thailand remains an attractive destination for companies in these sectors.
The document discusses Thailand's growing aerospace industry and the Thai government's support for it. It notes that Thailand's aviation market is growing rapidly due to increases in tourism and low-cost airlines. The government has implemented plans to develop an Aerospace Industrial Estate to attract aerospace manufacturers and MRO companies. Companies like Airbus, Boeing, and Chromalloy have invested in Thailand due to factors like available skilled labor, strategic location, and existing industrial base. The BOI is supporting the industry by creating digital systems to streamline investment application and approval processes.
Thai AutoBook 2015: Thailand Automotive Cluster EditionUli Kaiser
Thai AutoBook 2015: Thailand Automotive Cluster Edition
The Thailand AutoBook 2014 is a comprehensive overview about the Thai Auto industry and the main players: OEMs, The Thai Automotive Cluster, Tier 1 Suppliers from Japan, USA, Europe and Australia, Automotive Organizations, Industrial Estates, Events and Media and much more. It also includes detailed statistics about Automotive sales, market share, OEM capacities and information about new programs 2013-15.
This 'Thai Automotive Cluster Version' is a free edition to support the participation of 10 Thai companies at IZB 2014, organised by Thai European Business Association (TEBA) and does NOT include the Japanese, European and North American suppliers.
The document discusses Thailand's transitioning textile industry. It notes that Thailand has over 4,700 textile manufacturers employing over 500,000 people, exporting $6.45 billion worth of textiles in 2016. The industry is shifting from labor-intensive to higher value-added, technology-integrated production. Synthetic fibers like polyester are increasingly important. Functional textiles are an emerging market expected to exceed $9.3 billion by 2017. The government and Thailand Textile Institute have introduced strategies to establish Thailand as a global fashion leader by 2030 through industrial zones, research centers, and a fashion academy.
China capitulates: Another round of auto stimulusBloomberg LP
China has cut sales tax on small vehicles from 10% to 5% to stimulate auto purchases. This will likely boost sales of Chinese automakers like Great Wall and Wuling that rely heavily on small cars. It may also increase sales of SUVs and compact SUVs. While sales will likely rebound in the short term, growth is unlikely to match 2009 levels due to restrictions in major cities and higher vehicle ownership rates. Japanese brands will benefit less since they sell more larger vehicles not eligible for the tax cut.
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
The Thailand AutoBook helps you to identify new customers in the Automotive industry and provides key contact information.
Automotive Intelligence for Professionals: The Thailand AutoBook includes company profiles of OEM car makers, multinational and local automotive parts suppliers as well as organizations, media and exhibitions.
It also includes detailed statistics about Automotive sales, market share and OEM capacities.
The document discusses Thailand's efforts to transform its economy through Thailand 4.0 and the Eastern Economic Corridor project. Thailand 4.0 aims to shift Thailand from a production-based to an innovation-based economy by promoting technology and smart industries. A key part of this is the development of the Eastern Economic Corridor, which will develop 3 eastern provinces into a leading economic zone through infrastructure upgrades and by targeting 10 industries for technology-intensive development, such as automotive, electronics, agriculture and more. The massive investment aims to bring more investment and establish Thailand as an ASEAN hub.
Thailand is positioning itself as a global food innovation hub by investing 10 billion baht in a Food Innopolis Project. The Thai food industry contributes 23% to GDP and food exports were 897 billion baht in 2015, led by rice, sugar, chicken, tuna and shrimp. Thailand has strengths such as year-round production, food expertise, quality workforce and standards. The government aims to support innovation and link private sectors through the Food Innopolis to grow in the global market. Thailand also has a flourishing halal industry valued at 200 billion baht annually, and the government has a 5-year plan to become a top 5 exporter of halal products and services.
Slides from Madani Sahari's talk on Malaysia's National Automotive Policy (NAP) 2014 & the automotive industry at the Asian Automotive World Class Manufacturing Summit 2015, Jakarta.
BOI recognizes the importance of the aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand defines International Business Centers (IBC) as a company incorporated in Thailand that provides managerial, technical, support, or financial management services to its associated enterprises, whether located in Thailand or overseas.
The document outlines Thailand's Special Economic Development Zones (SEZs) policy and Cluster Development policy. The objectives are to strengthen industrial value chains, attract value-added investment, and decentralize development. The policy provides tax and non-tax incentives for "Super Clusters" and "Other Clusters" in targeted industries. It identifies priority clusters like automotive, electronics, chemicals, and outlines support measures and responsible agencies to strengthen targeted clusters through infrastructure development, human resource training, and facilitating investment.
Thailand has a growing machinery industry that supports its manufacturing sector. While machinery imports and exports have increased substantially in recent years, Thailand still imports complex machinery. The top imports in 2014 were tractor parts from Japan, air pumps from China, and printing machinery from Germany. Domestically, Thailand produces industrial, agricultural, and machine tools, with industrial machinery making up most trade value. The machinery industry employs around 200,000 workers and continues to support growth in key sectors like automotive and electronics.
This document summarizes Thailand's efforts to transition its economy to Thailand 4.0 by focusing on innovation and technology. It outlines 10 targeted industries for development and 5 new growth engines. It then discusses an upcoming event called "Opportunity Thailand" organized by the Board of Investment to promote Thailand's policies and attract investors as the country transitions to the new economic model. The event will feature speeches from government officials and a panel discussion with CEOs on opportunities and challenges in industries like aerospace, automation/robotics, and medical devices.
The document provides an overview of Indonesia's automotive industry, highlighting that it is centered in West Java and is a key pillar of Indonesia's economy, with Japanese automakers like Toyota and Daihatsu dominating the market. It also introduces the Indonesia AutoBook, which contains profiles and contact information for automotive companies in Indonesia to help with business development, outsourcing, and localization opportunities in the country's automotive sector.
Thailand has a large and growing automotive industry that is a key part of its economy. In 2012, Thailand was the 9th largest producer of automobiles globally, with production of over 2 million vehicles. The industry employs over 500,000 people and accounts for 10% of Thailand's GDP. Many major automakers like Toyota, Honda, and Nissan have production facilities in Thailand. Thailand also has a strong base of auto parts suppliers that can provide almost all necessary parts locally. The government is working to establish Thailand as a global hub for green automotive production.
Automotive Intelligence for Professionals: The Thailand AutoBook includes company profiles of OEM car makers, multinational and local automotive parts suppliers as well as organizations, media and exhibitions.
It also includes detailed statistics about Automotive sales, market share and OEM capacities.
The Thailand AutoBook helps you to identify new customers in the Automotive industry and provides key contact information.
Presentation file on "Thailand: An ASEAN Hub, A World of Opportunities" by Ms. Ajarin Pattanapanchai, Senior Executive Investment Advisor, Thailand Board of Investment, May 21, 2015 at the Royal Thai Consulate, Chicago
Thailand has a population of 67 million people and GDP of $385 billion in 2013, with strategic location giving access to markets in China, India, and ASEAN. It has competitive advantages like low wages and tax rates, good infrastructure and skilled workforce. The document promotes Thailand as an attractive location for investment and manufacturing in industries like automotive, electronics, food processing, and aircraft parts due to the country's competitive incentives and workforce.
Thailand has become a major regional hub for aircraft service and maintenance due to steady growth in air travel and cargo volumes. Several factors have contributed to Thailand's development as an aircraft service center, including its large international airports, a growing aviation industry, and government support for developing the aerospace sector. Major aircraft maintenance companies have operations in Thailand taking advantage of its strategic location, infrastructure, and workforce.
BOI recognizes the importance of aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand has a large and well-established electrical and electronics industry. In 2014, the industry accounted for 24% of Thailand's exports and billions in revenue. Thailand is a major hub for electronics manufacturing in Southeast Asia, hosting global brands in appliances, integrated circuits, data storage, and more. The Thai government supports the industry through research programs, workforce training, and incentives to attract investment. As the electrical and electronics industry continues growing, Thailand remains an attractive destination for companies in these sectors.
The document discusses Thailand's growing aerospace industry and the Thai government's support for it. It notes that Thailand's aviation market is growing rapidly due to increases in tourism and low-cost airlines. The government has implemented plans to develop an Aerospace Industrial Estate to attract aerospace manufacturers and MRO companies. Companies like Airbus, Boeing, and Chromalloy have invested in Thailand due to factors like available skilled labor, strategic location, and existing industrial base. The BOI is supporting the industry by creating digital systems to streamline investment application and approval processes.
Thai AutoBook 2015: Thailand Automotive Cluster EditionUli Kaiser
Thai AutoBook 2015: Thailand Automotive Cluster Edition
The Thailand AutoBook 2014 is a comprehensive overview about the Thai Auto industry and the main players: OEMs, The Thai Automotive Cluster, Tier 1 Suppliers from Japan, USA, Europe and Australia, Automotive Organizations, Industrial Estates, Events and Media and much more. It also includes detailed statistics about Automotive sales, market share, OEM capacities and information about new programs 2013-15.
This 'Thai Automotive Cluster Version' is a free edition to support the participation of 10 Thai companies at IZB 2014, organised by Thai European Business Association (TEBA) and does NOT include the Japanese, European and North American suppliers.
The document discusses Thailand's transitioning textile industry. It notes that Thailand has over 4,700 textile manufacturers employing over 500,000 people, exporting $6.45 billion worth of textiles in 2016. The industry is shifting from labor-intensive to higher value-added, technology-integrated production. Synthetic fibers like polyester are increasingly important. Functional textiles are an emerging market expected to exceed $9.3 billion by 2017. The government and Thailand Textile Institute have introduced strategies to establish Thailand as a global fashion leader by 2030 through industrial zones, research centers, and a fashion academy.
China capitulates: Another round of auto stimulusBloomberg LP
China has cut sales tax on small vehicles from 10% to 5% to stimulate auto purchases. This will likely boost sales of Chinese automakers like Great Wall and Wuling that rely heavily on small cars. It may also increase sales of SUVs and compact SUVs. While sales will likely rebound in the short term, growth is unlikely to match 2009 levels due to restrictions in major cities and higher vehicle ownership rates. Japanese brands will benefit less since they sell more larger vehicles not eligible for the tax cut.
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
The Thailand AutoBook helps you to identify new customers in the Automotive industry and provides key contact information.
Automotive Intelligence for Professionals: The Thailand AutoBook includes company profiles of OEM car makers, multinational and local automotive parts suppliers as well as organizations, media and exhibitions.
It also includes detailed statistics about Automotive sales, market share and OEM capacities.
The document discusses Thailand's efforts to transform its economy through Thailand 4.0 and the Eastern Economic Corridor project. Thailand 4.0 aims to shift Thailand from a production-based to an innovation-based economy by promoting technology and smart industries. A key part of this is the development of the Eastern Economic Corridor, which will develop 3 eastern provinces into a leading economic zone through infrastructure upgrades and by targeting 10 industries for technology-intensive development, such as automotive, electronics, agriculture and more. The massive investment aims to bring more investment and establish Thailand as an ASEAN hub.
Thailand is positioning itself as a global food innovation hub by investing 10 billion baht in a Food Innopolis Project. The Thai food industry contributes 23% to GDP and food exports were 897 billion baht in 2015, led by rice, sugar, chicken, tuna and shrimp. Thailand has strengths such as year-round production, food expertise, quality workforce and standards. The government aims to support innovation and link private sectors through the Food Innopolis to grow in the global market. Thailand also has a flourishing halal industry valued at 200 billion baht annually, and the government has a 5-year plan to become a top 5 exporter of halal products and services.
Slides from Madani Sahari's talk on Malaysia's National Automotive Policy (NAP) 2014 & the automotive industry at the Asian Automotive World Class Manufacturing Summit 2015, Jakarta.
BOI recognizes the importance of the aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand defines International Business Centers (IBC) as a company incorporated in Thailand that provides managerial, technical, support, or financial management services to its associated enterprises, whether located in Thailand or overseas.
The document outlines Thailand's Special Economic Development Zones (SEZs) policy and Cluster Development policy. The objectives are to strengthen industrial value chains, attract value-added investment, and decentralize development. The policy provides tax and non-tax incentives for "Super Clusters" and "Other Clusters" in targeted industries. It identifies priority clusters like automotive, electronics, chemicals, and outlines support measures and responsible agencies to strengthen targeted clusters through infrastructure development, human resource training, and facilitating investment.
Thailand has a growing machinery industry that supports its manufacturing sector. While machinery imports and exports have increased substantially in recent years, Thailand still imports complex machinery. The top imports in 2014 were tractor parts from Japan, air pumps from China, and printing machinery from Germany. Domestically, Thailand produces industrial, agricultural, and machine tools, with industrial machinery making up most trade value. The machinery industry employs around 200,000 workers and continues to support growth in key sectors like automotive and electronics.
This document summarizes Thailand's efforts to transition its economy to Thailand 4.0 by focusing on innovation and technology. It outlines 10 targeted industries for development and 5 new growth engines. It then discusses an upcoming event called "Opportunity Thailand" organized by the Board of Investment to promote Thailand's policies and attract investors as the country transitions to the new economic model. The event will feature speeches from government officials and a panel discussion with CEOs on opportunities and challenges in industries like aerospace, automation/robotics, and medical devices.
The document provides an overview of Indonesia's automotive industry, highlighting that it is centered in West Java and is a key pillar of Indonesia's economy, with Japanese automakers like Toyota and Daihatsu dominating the market. It also introduces the Indonesia AutoBook, which contains profiles and contact information for automotive companies in Indonesia to help with business development, outsourcing, and localization opportunities in the country's automotive sector.
Thailand has a large and growing automotive industry that is a key part of its economy. In 2012, Thailand was the 9th largest producer of automobiles globally, with production of over 2 million vehicles. The industry employs over 500,000 people and accounts for 10% of Thailand's GDP. Many major automakers like Toyota, Honda, and Nissan have production facilities in Thailand. Thailand also has a strong base of auto parts suppliers that can provide almost all necessary parts locally. The government is working to establish Thailand as a global hub for green automotive production.
Automotive Intelligence for Professionals: The Thailand AutoBook includes company profiles of OEM car makers, multinational and local automotive parts suppliers as well as organizations, media and exhibitions.
It also includes detailed statistics about Automotive sales, market share and OEM capacities.
The Thailand AutoBook helps you to identify new customers in the Automotive industry and provides key contact information.
Asia-Pacific countries have contributed to growth of the global automobile sector. Developing Asia Pacific region will contribute 62.2% of auto and auto components sector growth for the period 2015-19. The quantitative growth in this region is expected to reach 101mn units in 2017 at a CAGR of 5%. India is a significant contributor from this region with a potential to become the 4th largest automobile producer by 2020. Automobile sector contributes 7.1% to the Indian GDP and was more than 45% of manufacturing GDP in FY14. Karnataka is the 4th largest state in automotive production with output of USD 2.8 bn, contributing 8.5% to national sector output. The automotive industry provides employment to more than 55,000 workers in the state of Karnataka.
The arrival of the AEC era will change the face of automotive industry as we know it. We will see inter-country tariffs eliminated hence, we can predict that in AEC era, auto-makers will concentrate their investment in a few countries and export cars from these few countries to meet demand of the whole South East Asian region. The current upcoming automotive hub in AEC could be Thailand, Indonesia, Malaysia, Vietnam or Philippines.
Thailand is ASEAN’s largest auto producer. Production in 2020 is 1,427,074 units, in which accounted for 50.1 percent of total production in all ASEAN countries. This is followed by Indonesia with 690,150 units or around 24.2 percent, and Malaysia with 485,186 units or around 17.0 percent.
Research report on Indian Automobile SectorSourabh Hirau
This document provides an overview of the Indian automobile sector:
- India is one of the largest producers and markets for automobiles in the world, particularly for two-wheelers and tractors. The sector employs millions of people and accounts for 7% of India's GDP.
- Factors driving growth include rising incomes, increased affordability of small cars, availability of skilled labor, and government support to develop India as an auto manufacturing hub.
- The sector is concentrated in four regions with major clusters in Chennai, Mumbai, and New Delhi. Two-wheelers dominate sales while passenger vehicles and commercial vehicles are also growing segments.
- Exports have grown significantly over the past five years, demonstrating the competitiveness
The Indonesia AutoBook helps you to identify new customers in the Automotive industry and provides key contact information.
Automotive Intelligence for Professionals: The Indonesia AutoBook includes company profiles of OEM car makers, multinational and local automotive parts suppliers as well as organizations, media and exhibitions.
It also includes detailed statistics about Automotive sales, market share and OEM capacities.
The document provides an overview of Thai Summit Autoparts India Private Limited. It discusses the company's history, vision, mission and quality policy. The company was established in 2015 as a joint venture with Thai Summit Group, a leading auto parts manufacturer in Thailand. It manufactures structural steel parts for cars, scooters and motorbikes in India. The company aims to be a leader in two-wheeler and automotive parts manufacturing through excellence in systems and activities.
This document discusses the future of Thailand's automotive industry with next-generation technologies like the Internet of Things (IoT). It notes that IoT implementation can increase productivity, optimize supply chains, and enable connected vehicles. While the IoT poses challenges around data security and skills, it is crucial for automakers to adapt. Thailand has established itself as a major automotive production and export hub, and its strategic investment in next-generation automotive aims to support continued growth and competitiveness under Thailand 4.0.
Thailand has become a major hub for automotive production in Asia ("Detroit of Asia"). The document outlines Thailand's automotive industry trends and opportunities. Key points include:
- Thailand produces over 1.3 million vehicles annually and exports over 500,000. Major brands like Toyota, Honda, and Ford have production facilities.
- The industry aims to produce 1.8 million vehicles annually with 40% exports by 2010, making Thailand a top global producer.
- Thailand offers low costs, a skilled workforce, and government support to attract more investment and parts production in new areas like diesel engines and electronics.
- Free trade agreements will further reduce tariffs and increase automotive trade with countries
The document discusses an automobile ancillary company trading at Rs. 174 per share. It is recommended as a buy. The industry overview notes that the Indian auto components industry has emerged as a significant global supplier. The company has a market cap of Rs. 3,833.53 crore and 52-week high/low of Rs. 274.40/62.05. Analysis of the company's financials shows increasing debt due to acquisitions, though debt/equity remains below 2:1. Sales have grown at a 33% CAGR from 2010-2014. Valuation ratios such as PE of 4x and EV/Sales of 1.44x present the stock as a bargain.
The document provides an overview of the Indian automotive industry. It states that India has emerged as one of the fastest growing passenger car markets since economic liberalization began in 1991. India is now the fifth largest vehicle manufacturer, producing over 4.7 million vehicles in 2017. It is also becoming an export hub for SUVs to other parts of the world. The automotive industry represents a large portion of India's manufacturing GDP and impacts several related industries. The document then provides details on business development, outsourcing, and localization opportunities in India's automotive industry for international managers.
Master Plan for Automative industry in Thailandt nguyen
The document provides a master plan for Thailand's automotive industry from 2012-2016. It summarizes the accomplishments and challenges of previous plans from 2002-2006 and 2007-2011. The automotive industry contributes significantly to Thailand's economy and employment. However, future challenges include global trends toward more environmentally friendly and safe vehicles. The new master plan aims to develop technologies to meet these standards and establish Thailand as a green automotive production base with strong domestic supply chains that create high value. It outlines 5 strategies to achieve this vision: excellence in research and technology, human resources development, strengthening entrepreneurs, developing infrastructure, and creating a favorable policy environment. The expected outcomes include increased production, development of skilled workers, establishing testing centers, and
The document provides an overview of the Indian automobile industry. It discusses key topics such as production and market share, growth drivers, domestic production and exports in 2012, SWOT analysis, and future projections. The automobile industry is an important sector in India, manufacturing over 11 million vehicles annually. Major players like Maruti Suzuki and Tata Motors dominate different vehicle segments. Factors like rising incomes, financing availability, and government policies are driving growth in the industry.
Automotive Intelligence for Professionals: The India AutoBook includes company profiles of OEM car makers, multinational and local automotive parts suppliers as well as organizations, media and exhibitions.
It also includes detailed statistics about Automotive sales, market share and OEM capacities.
The India AutoBook helps you to identify new customers in the Automotive industry and provides key contact information.
This document provides information about the auto component cluster in Chennai, India. It discusses the national scenario of the Indian auto component industry and how Chennai emerged as a major cluster. The Chennai cluster was induced by the establishment of large automotive companies in the area like Ashok Leyland and TVS in the 1950s and 1960s. This attracted many ancillary units to cater to these companies' needs. Today, Chennai is considered the hub of India's automobile industry and is known as the "Detroit of India".
The Indian auto sector shows major improvements in manufacturing capabilities and has great potential for growth in a developing market. However, challenges remain around transportation infrastructure, product quality, skilled labor, regulations, and increasing scale. The Auto Mission Plan aims to double the sector's GDP contribution and jobs by 2016 through $40B in investment and $35-40B in exports. Achieving these targets will require developing suppliers, lowering costs through scale, stimulating domestic demand, and exploiting export opportunities.
Experience Mazda Zoom Zoom Lifestyle and Culture by Visiting and joining the Official Mazda Community at http://www.MazdaCommunity.org for additional insight into the Zoom Zoom Lifestyle and special offers for Mazda Community Members. If you live in Arizona, check out CardinaleWay Mazda's eCommerce website at http://www.Cardinale-Way-Mazda.com
Similar to Thailand: Global Green Automotive Production Hub (20)
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
The guide provides an overview of the business environment in Thailand, with information about company establishment, taxation, intellectual property rights, and legal issues.
This document provides an overview of typical costs for starting and operating a business in Thailand in 2023. It includes estimates for visa and registration fees, labor costs, office occupancy costs, construction costs, utility rates, transportation costs, communication costs, and industrial estates/facilities. Tax rates are also presented, including corporate income tax, personal income tax, value added tax, withholding tax, and double taxation agreements Thailand has with other countries. Specific excise taxes are shown for products like petroleum, electrical appliances, and automobiles.
Presented by Asst. Prof. Nayot Kurukitkoson, PhD, Executive Committee of the EEC Human Development Center, and Vice President for EEC Affairs, Burapha University, on March 16, 2023
Thailand has an extensive innovation network made up of various supporting parties, from government bodies, the private sector, to venture capital and other organizations including research laboratories and academic institutions.
Thailand is the perfect second home for expats. The country was ranked 14th out of 59 global locations with the nation’s capital Bangkok placing 4th in Asia in the Expat City Ranking 2021,5 with the majority of expats expressing satisfaction with the cost of living and their quality of life in Thailand.
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
Thailand is introducing a new visa called “Long-Term Resident (LTR )” which is a program that provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business for high potential foreigners.
Thailand offers strategic opportunities in advanced materials and polymers due to its location, free trade agreements, and government support through the Board of Investment. Key points:
- Thailand has free trade agreements with 18 nations, enabling export of advanced materials and polymers to major markets.
- The BOI provides various tax incentives, exemptions on import duties for machinery/raw materials, and non-tax incentives to promote investment in advanced materials and polymers.
- Major industries like automotive, electronics, food packaging drive demand for advanced materials and polymers in Thailand.
Presented by Mr. Varghese Poulouse Nalian, President & General Manager of Performance Additives Business, Momentive Performance Materials (Thailand), on June 29, 2022
This measure is aimed to promote investment in targeted activities in three provinces – Chachoengsao, Chon Buri, and Rayong, as well as to encourage private sector to participate in human resource development. As EEC development is part of the policy to drive Thailand towards Thailand 4.0, investors in the targeted activities located in designated areas or in promoted industrial estates/industrial zones, or the investors involved in the human resource development in the EEC will enjoy additional tax incentives, apart from a standard tax package.
The document is a guidebook for applying for investment promotion benefits in Thailand published by the Board of Investment (BOI) for 2023. It provides an overview of eligibility criteria, policy framework, industry sectors and project types eligible for incentives. The guidebook aims to inform investors on the basic process for applying for benefits and includes details on rights, benefits, important criteria and application procedures. Investors can check for updates on eligible business categories or contact BOI for more information.
Thailand is introducing a new visa under "Long-Term Resident (LTR)" program, which provides a wide range of tax and non-tax benefits to enhance the country's attractiveness as a regional hub for living and doing business for "high-potential" foreigners.
More from Thailand Board of Investment North America (20)
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
2. THAILAND: GLOBAL
GREEN AUTOMOTIVE
PRODUCTION BASE
Thailand’s automotive industry has been continuously developing for over
50 years with strong support from both the public and private sectors.
The Kingdom is the largest automotive producer among Southeast Asian
countries, one of the top automotive producers in the world, and is now
ASEAN’s automotive hub.
The automotive industry is a key industry for Thailand, accounting for
approximately12%ofthecountry’sgrossdomesticproduct(GDP).In2013,Thai
automotive production capacity stood at 2.85 million vehicles and the industry
employed over 550,000 people. In order to develop Thailand as a global green
automotive production base and promote automotive technology research
and development, the government coordinated with the private sector to
formulate the Master Plan for Automotive Industry (2012-2016).
Thailand has approximately 709Tier 1 auto-parts suppliers and 1,700Tier 2 and
3 suppliers. More than half of the Tier 1 suppliers are automotive component
companies. Of the top 100 auto parts manufacturers in the world, 50% have
factories in Thailand. Thailand’s production base is diverse enough to supply
all necessary components, from tires to structural components.
Major multinational automotive industry leaders with presence in Thailand
include: Auto Alliance Thailand (Ford and Mazda), BMW Manufacturing,
General Motors, Hino Motor, Honda Automobile, Isuzu Motors, Toyota Motors,
Mercedes-Benz Thailand, Mitsubishi Motors, Nissan Motors, Tata Motors,
Suzuki Motor, and Volvo Car Thailand.
“The automotive industry has played an important role
in Thailand’s economy for decades. With a strong local
supply chain, efficient infrastructures, good collaboration
between government and private sectors, together with
the recent approval of Eco car phase 2, I strongly believe
that Thailand has high potential to be the leading global
green automotive production hub of the world.”
-Mr. Vichai Jirathiyut, President of Thailand Automotive Institute-
Structure of Thai Automotive Industry
Assembler
(18 car makers,
8 motocycle makers)
100,000 workers
LSEs
Large Scale
Enterprises
Foreign
J/V
Local Suppliers
Foreign
Majority
54%
Thai
Majority
23%
Pure
Thai
23%
SMEs
Small & Medium
Enterprises
Tier 1
(709 companies)
Tier 2, 3
(1,700 companies)
450,000workers
Source: Thai Autoparts Manufacturers Association, 2014
3. Big Industry Drivers
The Thai automotive industry saw historic
growth during 2012 and 2013. Both these years
sawThailand produce over two million vehicles.
Thailand’s successful Eco Car Project initiated its
second phase in 2013, marking a new phase in
the Thai automotive industry.
The second phase has attracted investment
applications from major car manufacturers
including: Ford, General Motors, Honda, Mazda,
Mitsubishi, Nissan, SAIC, Suzuki, and Toyota.
Phase two projects are investing US$4.3 billion
with total production capacity of 1.5 million
units.
This major shift in the Thai automotive industry
offers countless opportunities for parts and
components manufacturers as more and more
components will be needed to meet the demands
of eco-car participants who are rapidly increasing
their presence in Thailand.
In 2014, global automotive firms
increased investments in their
Thai operations as Thailand’s
automotive industry continues
to thrive. Below are a number of
notable investments.
Honda plans to invest US$1.1
billion for a new Prachinburi
plant. The new plant will open
in 2015 and produce small
and subcompact vehicles.
The Prachinburi plant will
increase production capacity
by 120,000 units per-year.
Nissan opened its second
assembly plant in 2014 on
Bangna-Trat Road. The new
plant has a current capacity
of 75,000 units per-year,
which will be increased to
150,000 units. Nissan’s new
generation of pickup trucks, the NP 300
Navara, will also be produced at this plant.
China’s SAIC Motor Corp’s joint venture
withThailand’s Charoen Pokphand Group
(CP) is investing over US$1 billion to build
a new assembly plant in Chonburi. The
new plant will open in 2018 and replace
the joint venture’s original plant as the
main production site for British MG cars.
The larger plant will increase production
capacity from 50,000 units per-year to
150,000–200,000 units per-year.
Mazda invested over US$500 million in its
joint venture Auto Alliance Rayong plant
to manufacture Mazda’s new line of eco-
cars, the Mazda2. The new plant line has
a capacity of 158,000 units per-year. In
November 2014, manufacturing of the eco-
car Mazda2 officially commenced. Mazda is
one of the ten automotive manufacturers
participating in the second phase of
Thailand’s eco-car program. The Mazda2
is the first vehicle in production under the
banner of the eco-car program’s second
phase.
4. The top ten destinations of Thai automotive exports accounted for 57% of
all Thailand’s automotive exports worldwide. Australia and Indonesia are the
major destinations of Thai-manufactured automotive products.
Thailand’s Motor Vehicle Production by Unit, 2010-2014
2010 2011 2012 2013 2014
Passenger Car 554,387 537,987 957,623 1,066,647 742,748
Commercial Car
(exclude one-ton pickup)
24,158 20,608 43,842 55,440 23,695
One ton pickup 1,066,759 899,200 1,452,252 1,332,913 1,114,778
Total 1,645,304 1,457,795 2,453,717 2,455,000 1,881,221
Source:Thai Automotive Institute
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
2010 2011 2012 2013 2014
Thailand’s Automotive Industry Growth, 2010-2014
AutomotiveUnits
Production Domestic Sale Export
Source: Thai Automotive Institute
Top 10 Thailand’s Vehicle Export Destinations in 2014
Country Value (million US$) %
Australia 4,080 13.3%
Indonesia 2,692 8.8%
Malaysia 1,959 6.4%
Japan 1,936 6.3%
Philippines 1,753 5.8%
Saudi Arabia 1,614 5.3%
USA 1,056 3.5%
South Africa 810 2.6%
UAE 798 2.6%
Vietnam 759 2.5%
Total 17,457 57%
Source: The Ministry of Commerce
AUTOMOTIVE INDUSTRY
OVERVIEW
TheThaiautomotiveindustrycontinuestobeamainstayofThailand’seconomy.
In 2014, Thailand’s automotive industry was the largest export sector, with an
export value of US$30 billion according to the Thailand Ministry of Commerce.
Thailand is in a superb location for automotive production due to its strategic
location at the center of Southeast Asia, strongest supporting industry in the
region, excellent infrastructure, and strong government support.
With 2.46 million vehicles manufactured in Thailand in 2013, the country
was ranked 9th amongst automotive manufacturing countries in the world.
Even though Thailand’s automotive industry was affected by the economic
slowdown in 2014, the automotive industry is predicted to rebound in 2015
and see production reach 3 million units according to the Thai Automotive
Institute.
0
5
10
15
20
25
China
USA
Japan
Germany
SouthKorea
India
Brazil
Mexico
Thailand
Canada
Russia
Spain
France
UK
CzechRep.
Turkey
Indonesia
Global Automotive Production, 2013
UnitsProduced(millions)
Source: International Organization of Motor Vehicle
5. 50 of the Top 100 Global OEM Parts Suppliers in Thailand, 2014
Robert Bosch
Delphi
Automotive
CalsonicKansei Tenneco Goodyear
Denso TRW Automotive Benteler Mitsubishi Electric Federal-Mogul
Magna
International
BASF Dana Brose TS Tech
Continental Valeo JATCO Plastic Omnium Grupo Antolin
Aisin Seiki Sumitomo Electric Toyoda Gosei NHK Spring Bayer
Johnson Controls Toyota Boshoku BorgWarner
Koito
Manufacturing
DuPont
Faurecia JTEKT Mahle Takata TI Automotive
ZF Friedrichshafen Cummins Visteon IAC Draexlmaier
Yazaki Schaeffler GKN Driveline NSK F-Tech
Lear Autoliv NTN Tokai Rika Pioneer
Source: Automotive News/PWC 2014
THAILAND’S
AUTO PARTS INDUSTRY
The automotive parts and components sector has been critical
to the success of Thailand’s automotive industry. Today, there are
approximately 2,400 automotive suppliers in the country, 709
of which are original equipment manufacturers (OEMs). Major
foreign parts and components manufacturers in Thailand include:
Bosch, Denso, Continental, Magna International, Aisin Seiki,
Johnson Controls, Faurecia, ZF Friedrichshafen, Yazaki, and Lear.
Thai-made automotive
parts are internationally
recognized for their high
quality. A report published
by the Japan Automobile
Manufacturers Association
stated that Thailand-made
automotive parts have the
highest quality among
ASEAN countries. Local
manufacturers supply
around 85% of the parts
used in pickup truck
assemblyandaround70%of
the parts used for passenger
cars assembled in Thailand.
Thailand produces nearly
100% of the parts used in
the domestic assembly of
motorcycles.
0.7%
8.0%
12.5%
78.8%
Thailand’s Auto Parts Export, 2014
OEM parts Engines Spare parts Others
Source: Thai Automotive Institute
AUTOMOTIVE
ELECTRONICS
Electronics have become an indispensable element of the modern automobile.
Electronics and electronic systems have improved a range of automobile
elements including: safety, fuel efficiency, performance, and comfort.
Furthermore, the current trends of alternative fuel vehicles, increased fuel
efficiency, and stricter emissions standards, are increasingly spurring demand
for automotive electronics. The global demand for automotive electronics
systems is expected to reach US$204.6 billion in 2014 and is forecast to reach
US$314.4 billion in 2020.
The need for cutting edge automotive electronics has dramatically increased
to satisfy the demand for“smart”vehicles. Automotive electronic components
are present in various systems including: power or engine controlling systems,
security, safety systems, driver assistance, diagnostic systems, passenger
comfort, information systems, and in-car entertainment.
As the largest automotive production center in ASEAN, opportunities in
Thailand’s automotive electronics market are increasingly visible as Thailand
pushestobecomeoneofthetopglobaleco-carmanufacturingcenters.Already
leading automotive electronics manufacturers such as Mizuki, Murata, Omron,
Toyota Tsusho, as well as other top manufacturers are found in Thailand.
6. OPPORTUNITIES
Thailand is the premier automotive production base in ASEAN. It is one of
the top ten global automobile manufacturers and a leading producer of
automotive components. While many leading vehicle manufacturers and auto
parts producers have production facilities in-country, some auto parts are still
imported from abroad. Manufacturing opportunities in Thailand for foreign
suppliers include: electric fuel-injection systems, substrates for catalytic
converters, automobile transmissions, electronic stability controls electric air
conditioning systems, and regenerative braking systems, among others.
As Thailand continues to lead Southeast Asia’s automotive industry, Thailand
will require more R&D, design and testing centers to maintain its industrial
supremacy. Major industrial leaders – such as Nissan, Toyota, Honda, and
Denso – already operate such facilities in Thailand.
Thailand offers business friendly tax schemes to encourage continued
investment in Thailand’s strategically vital industry. According to the Excise
Department, Ministry of Finance, the current automotive excise taxes scheme
is detailed as follows:
Automotive Excise Taxes (Until 2015)
Passenger Car
<2,000cc, <220HP
30%
2,000-2,500cc,
<220HP
35%
2,500-3,000cc,
<220HP
40%
>3,000cc, >220HP
50%
E20
<2,000cc, <220HP
25%
2,000-2,500cc,
<220HP
30%
2,500-3,000cc,
<220HP
35%
>3,000cc, >220HP
50%
Electronic /
Fuel Cell
10%
Eco-Car,
Gasoline
≤1,300cc for Gasoline Engines or ≤1,400cc for Diesel Engines 17%
Natural Gas 20%
Hybrid
Vehicle
<3,000cc
10%
>3,000cc
50%
Single Car
Pickup
<3,250cc
3%
>3,250cc
50%
Passenger
Pickup
<3,250cc
20%
>3,250cc
50%
Double Cap
Pickup
<3,250cc
12%
>3,250cc
50%
Source: Excise Department, Ministry of Finance
In order to promote greater adoption of green vehicles, the Thailand’s Ministry
ofFinancehasrestructuredautomotiveexcisetaxestobetter-alignwithvehicle
emissions. The new rates will be effective as of 1 January 2016, as follows:
Automotive Excise Taxes 2016
Vehicle Engine Size
Carbon dioxide (CO2) generate (g/km)
<100 100-150 150-200 >200
Passenger Car
<3,000 cc 30% 35% 40%
E85/CNG (OEM) 25% 30% 35%
>3,000 cc 50%
Hybrid
Vehicle
<3,000 cc 10% 20% 25% 30%
>3,000 cc 50%
Eco Car
1,300-1,400 cc 14%
17%
E85 12%
Vehicle Model/Engine size <200 >200
Pick-up
Single Cab 3% 5%
Space Cab 5% 7%
Double Cab 12% 15%
Pick-up
Passenger
<3,250 cc 25% 30%
>3,250 cc 50%
Source: Excise Department, Ministry of Finance
WHY THAILAND
The goal of Thailand’s Automotive Industry Master Plan (2012-2016) is to
transform Thailand into a global center for green automotive production. This
new focus will allow Thailand to expand its automotive industry and become
increasingly competitive on the global stage.
Nearly all of the world’s major automakers, assemblers, and parts and
components manufacturers have manufacturing presences in Thailand. All
of the leading Japanese automotive manufacturers have opened production
sites in the country, as have major western automotive firms such as BMW,
Daimler, Ford Motors, and General Motors.
“Thailand’s vision to become a manufacturing hub
for small, fuel-efficient cars has put the country at the
forefront of the ‘green automotive’ trend in ASEAN. With
continued support and the potential to influence the
automotive landscape within the AEC, Thailand’s world-
class automotive industry is positioned well for continued
success and sustainable growth in a high potential
segment of auto manufacturing.”
- Mr. Matt Bradley, President of ASEAN, Ford Motors -
7. Promising Investment
Destination
Thailand is an ideal location as a world-class automotive production base.
Nearly all of the world’s major automotive manufacturers have production
facilities in the country. Strategically situated in the center of Southeast Asia,
Thailand provides easy access to the world’s fastest growing regional market.
These are the factors that contribute to the market entry opportunities for
foreign investors.
Theautomotiveindustry’sgovernmentsupportprovidesforeigninvestorswith
tax and non-tax incentives for the manufacturing of vehicles, vehicle parts, and
for automotive R&D and testing. The Thai government also does not impose
export requirements, local content requirements, location requirements, or
foreign equity restrictions on foreigners involved in the previously stated
activities.
Abundant skilled-labor
supply
Thailand has a highly efficient, skilled, and affordable labor pool. In 2014, more
than 550,000 workers were employed in the automotive industry. Thailand’s
workforce, among ASEAN states, is one of the most skilled and well trained.
Automotive firms in Thailand are currently applying the successful German
apprenticeship system in their own Thai operations in order to train the next
generation of skilled labor for Thailand’s growing automotive industry.
The Thai Government is cooperating with the private sector on programs
designedtotrainhighlyskilledemployeesfortheindustry.TheNationalScience
and Technology Development Agency (NSTDA) supports the development
of the automotive sector’s human resources through academic training
programs, and technician & researcher exchange programs. Additionally, the
Ministry of Education’s Office of the Vocational Education Commission (VEC)
also aims to support the development of skilled vocational labor. In 2014, VEC
coordinated with Thai educational institutes to send young technicians to
internship programs with world leading automotive manufacturers such as
Isuzu, Toyota, General Motors (Chevrolet), and Robert Bosch.
Auto Parts Clusters
The automotive industry is considered a strategically important sector for the
Thai economy. Under government support and guidance, auto parts clusters
were developed to tighten business connections between automotive firms
and their suppliers, lower logistics costs, and improve efficiencies.
Excellent Infrastructure
Thailand is a transportation hub of the ASEAN region. The country provides
world-class infrastructure along with cost effective logistics. Thailand’s
extensive road and rail networks span the nation, facilitating access to nearby
countries. Bangkok’s Suvarnabhumi International Airport and Laem Chabang
deep-sea port are globally recognized gateways of global logistics. Thailand
offers manufacturers a geographically accessible and logistically convenient
location.
8. Thailand’s Trade
Liberalization
In order to enhance global commerce opportunities, Thailand has bilateral
free trade agreements with many countries, including Japan, India, China,
Australia, and New Zealand. Thailand is also currently in the process of
establishing free trade agreements with the European Union, Canada, Turkey,
and Chile. As a member of ASEAN, Thailand participates in multilateral free
trade agreements with China, South Korea, Australia, New Zealand, India, and
Japan. Furthermore, the ASEAN Free Trade Agreement (AFTA) has expanded
Thailand’s market to include the 10 member states of ASEAN that collectively
comprise a market of 600 million consumers.
The establishment of the ASEAN Economic Community (AEC) in 2015 will fully
integrate this US$2 trillion market into the global economy.This new economic
bloc with streamlined movement of goods, services, and investment capital
will provide unparalleled opportunities for manufacturers
Excellent Government
Support
The Thai government views the automotive industry as a cornerstone of the
Thai market and is preparing to make Thailand one of the premier global
automotive hubs by promoting the country as a global green automotive
production base. The Master Plan for Automotive Industry (2012-2016) was
developed with the goal of establishing the Kingdom as one of the world’s
key automotive manufacturing locations. The plan calls for increasing vehicle
output by an average of 10% annually and by making the country one of the
top ten auto-manufacturing countries, a goal that has already been achieved
in 2012 when became the ninth largest global automotive manufacturer.
To support automotive investments, BOI has a nurtured a philosophy that
promotes a liberalized and transparent market and providing equal treatment
to all market players. Thailand has created the ideal business environment for
the auto industry. The nation has prepared essential resources for every type
of automotive business, including: basic infrastructure, a highly qualified labor
force, as well as robust upstream and supporting industries.
“On arrival of the AEC in 2015, all 10 member states will
merge into one market. Thailand shares borders with 5
othercountriesmakingitanaturalcommercecrossroadin
SoutheastAsia.AsaresultofThailand’suniquegeographic
position and world class supply chain,Thailand is an ideal
location for an Automobile hub.”
- Mr. Thanawat Koonsin,
President of the Thai Automotive Industry Association -
ATTRACTIVE
INVESTMENT INCENTIVES
Thailand Board of Investment (BOI) offers a wide range of tax and non-tax
incentives for projects that meet national development objectives.
Tax-based incentives include exemption or reduction of import duties on
machinery and raw materials, and corporate income tax exemption of up to
eight years. Non-tax incentives include permission to bring in expatriates, own
land and take or remit foreign currency abroad.
Recognizing the importance of the automotive sector to the continued
development of the Thai economy, tax incentives are granted to approved
projects in numerous automotive activities, including manufacture of vehicle
parts; manufacture of rubber tires for vehicles; manufacture of automobile
engines; manufacture of motorcycles; manufacture of fuel cells; and etc.
FURTHER INFORMATION
Thailand Board of Investment (BOI): www.boi.go.th
Thailand Automotive Institute (TAI): www.thaiauto.or.th
Thai Automotive Industry Association (TAIA): www.taia.or.th
Thai Autoparts Manufacturers Association (TAPMA): www.thaiautoparts.or.th
ASEAN Supporting Industry Database (ASID): www.asidnet.org
9. CONTACT US
HEAD OFFICES
OFFICE OF THE BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Rd., Chatuchak, Bangkok 10900
Tel: +66 (0) 2553-8111
Fax: +66 (0) 2553-8316, +66 (0) 2553-8222
Website: www.boi.go.th
Email: head@boi.go.th
ONE START ONE STOP INVESTMENT CENTER (OSOS)
18th
Floor, Chamchuri Square Building,
319 Phayathai Rd., Pathumwan, Bangkok 10330
Tel: +66 (0) 2209-1100
Fax: +66 (0) 2209-1199
Website: osos.boi.go.th
Email: osos@boi.go.th
ONE STOP SERVICE CENTER FOR VISAS AND WORK PERMITS
18th
Floor, Chamchuri Square Building,
319 Phayathai Rd., Pathumwan, Bangkok 10330
Tel: +66 (0) 2209-1100
Fax: +66 (0) 2209-1194
Email: visawork@boi.go.th
INVESTOR CLUB ASSOCIATION (ICA)
12th
and 16th
Floor, TP&T Building, 1 Soi Vibhavadi-Rangsit 19,
Vibhavadi-Rangsit Rd., Lad Yao, Chatuchak, Bangkok 10900
Tel: +66 (0) 2936-1429
Fax: +66 (0) 2936-1441-2
Website: www.ic.or.th
Email: is-investor@ic.or.th
REGIONAL OFFICES
REGIONAL INVESTMENT AND ECONOMIC CENTER 1
CHIANG MAI OFFICE
Airport Business Park 108-110,
90 Mahidol Road, Amphur Muang, Chiang Mai 50100
Tel: +66 (0) 5320 3397-400
Fax: +66 (0) 5320 3404
Email: chmai@boi.go.th
PHITSANULOK OFFICE
3rd
Floor, Thai Sivarat Building, 59/15 Boromtrilokkanat 2 Rd.,
Naimuang, Amphur Muang, Phitsanulok 65000
Tel: +66 (0) 5524-8111
Fax: +66 (0) 5524-8777
Email: phitsanulok@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 2
NAKHON RATCHASIMA
2112/22 Mitraphab Road, Amphur Muang, Nakhon Ratchasima 30000
Tel: +66 (0) 4421 3184-6
Fax: +66 (0) 4421 3182
Email: korat@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 3
KHONKAEN
177/54 Moo 17, Mitraphab Road, Amphur Muang, Khonkaen 40000
Tel: +66 (0) 4327 1300-2
Fax: +66 (0) 4327 1303
Email: khonkaen@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 4
CHONBURI
46 Moo 5 Laem Chabang Industrial Estate, Sukhumvit Road,
Toongsukhla, Sriracha, Chonburi 20230
Tel: +66 (0) 3840 4900
Fax: +66 (0) 3840 4997, +66 (0) 3840 4999
Email: chonburi@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 5
SONGKHLA
7-15 Chaiyong Building Juti Uthit 1 Road, Hadd Yai, Songkhla 90110
Tel: +66 (0) 7434 7161-5
Fax: +66 (0) 7434 7160
Email: songkhla@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 6
SURAT THANI
49/21-22 Sriwichai Road, Makhamtia, Amphur Muang,
Surat Thani 84000
Tel: +66 (0) 7728 4637, +66 (0) 7728 4435
Fax: +66 (0) 7728 4638
Email: surat@boi.go.th
OVERSEAS OFFICES
BEIJING
Thailand Board of Investment, Beijing Office
Royal Thai Embassy, No.40 Guang Hua Rd., Beijing 100600 P.R.C.
Tel: +86-10-6532-4510
Fax: +86-10-6532-1620
Email: beijing@boi.go.th
FRANKFURT
Thailand Board of Investment, Frankfurt Office
Investment Section, Royal Thai Consulate-General
Bethmannstr. 58,5.0G
60311 Frankfurt am Main,
Federal Republic of Germany
Tel: +49 (069) 92 91 230
Fax: +49 (069) 92 91 2320
Email: fra@boi.go.th
GUANGZHOU
Thailand Board of Investment, Guangzhou Office
Investment Promotion Section, Royal Thai Consulate-General,
No.36 Youhe Road, Haizhu District, Guangzhou, P.R.C. 510310
Tel: +86-20-8385-8988 Ext. 220-225
+86-20-8387-7770 (Direct line)
Fax: +86-20-8387-2700
Email: guangzhou@boi.go.th
LOS ANGELES
Thailand Board of Investment, Los Angeles Office
Royal Thai Consulate-General, 611 North Larchmont Boulevard,
3rd
Floor, Los Angeles CA 90004, U.S.A.
Tel: +1 (0)-323-960-1199
Fax: +1 (0)-323-960-1190
Email: boila@boi.go.th
MUMBAI
Thailand Board of Investment, Mumbai Office
Express Tower, 12th
Fl., Barrister Rajni Patel Marg,
Nariman Point, Mumbai, Maharashtra 400021
Tel: +(91 22) 2204 1589-90
Fax: +(91 22) 2282 1071
Email: mumbai@boi.go.th
NEW YORK
Thailand Board of Investment, New York Office
7 World Trade Center, 34th
Floor. Suite F,
250 Greenwich Street, New York, New York 10007, U.S.A.
Tel: +1 (0) 212 422 9009
Fax: +1 (0) 212 422 9119
Email: nyc@boi.go.th
Website: www.thinkasiainvestthailand.com
OSAKA
Thailand Board of Investment, Osaka Office
Royal Thai Consulate-General, Bangkok Bank Building, 7th
Floor,
1-9-16 Kyutaro-Machi, Chuo-Ku, Osaka 541-0056 Japan
Tel: +81 (0) 6-6271-1395
Fax: +81 (0) 6-6271-1394
Email: osaka@boi.go.th
PARIS
Thailand Board of Investment, Paris Office
Ambassade Royale de Thaïlande
8, rue Greuze, 75116 Paris, France
Tel: +(33-1) 56 90 26 00
Fax: +(33-1) 56 90 26 02
Email: par@boi.go.th
SEOUL
Thailand Board of Investment, Seoul Office
#1804, 18th
Floor, Koryo Daeyeongak Center,
97 Toegye-ro, Jung-gu, Seoul, 100-706, Korea
Tel: +82-2-319-9998
Fax: +82-2-319-9997
Email: seoul@boi.go.th
SHANGHAI
Thailand Board of Investment, Shanghai Office
Royal Thai Consulate-General, 15th
Floor, Crystal Century Tower,
567 Weihai Rd., Shanghai 200041, P.R.C
Tel: +86-21-6288-9728-9
Fax: +86-21-6288-9730
Email: shanghai@boi.go.th
STOCKHOLM
Thailand Board of Investment, Stockholm Office
Stureplan 4C 4th
Floor, 114 35 Stockholm, Sweden
Tel: +46 (0) 8463 1158, +46 (0) 8463 1174-75
Fax: +46 (0) 8463 1160
Email: stockholm@boi.go.th
SYDNEY
Thailand Board of Investment, Sydney Office
234 George Street, Sydney, Suite 101, Level 1,
New South Wales 2000, Australia
Tel: +61-2-9252-4884
Tel: +61-2-9252-4882
Email: sydney@boi.go.th
TAIPEI
Thailand Board of Investment, Taipei Office
Taipei World Trade Center, 3rd
Floor, Room 3E 39-40
No.5 Xin-Yi Rd., Sec. 5 Taipei 110, Taiwan R.O.C.
Tel: +886-2-2345-6663
Fax: +886-2-2345-9223
Email: taipei@boi.go.th
TOKYO
Thailand Board of Investment, Tokyo Office
Royal Thai Embassy, 8th
Floor, Fukuda Building West,
2-11-3, Akasaka, Minato-ku, Tokyo 107-0052 Japan
Tel: +81 (0) 3-3582-1806
Fax: +81 (0) 3-3589-5176
Email: tyo@boi.go.th