Suzuki Closed its Factories in Thailand and Imported them from Indonesia and Japan
AshleyJun 11, 2024, 12:04 PM
On June 7, Suzuki announced it would cease production of cars and trucks in Thailand by the end of next year to concentrate on manufacturing electric and hybrid vehicles elsewhere. The reason cited is the slump in sales in Thailand, and Suzuki has decided to focus on more promising global production bases. As for the local automobile market in Thailand, Suzuki plans to maintain it through imports from other production bases. Suzuki said it plans to import electric vehicles and hybrid vehicles from other factories in ASEAN, Japan, and India, continuing to carry out sales and after-sales service in Thailand.
Thailand Suzuki Motor Co., Ltd. (SMT) was established in 2011 and began producing energy-saving compact cars in 2012. The company, producing 60,000 cars per year, and with about 800 employees, responsible for producing and exporting cars to overseas markets in the local Thai market. But recent production has been just normal, with only 7,500 vehicles being produced in the Thai factory during the previous fiscal year ending in March of this year.
Not only has Suzuki's factory production dropped, but car production in other factories in Thailand is also declining, and many factories facing the risk of closure. According to the Federation of Thai Industries (FTI), due to the economic slowdown, merger plans, or rising operational costs, there have already been 1,600 to 1,700 factory closures in Thailand earlier this year, with the number of closed factories expected to steadily increase. Suzuki is not the only auto brand to stop producing cars in Thailand. In May of this year, Subaru announced plans to end car production in Thailand in December, but it will continue to sell cars in Thailand. However, starting next year, these cars will be exported from Japan to Thailand.
With the primary selection factors being relatively low labor costs and geographical advantages, the Southeast Asia region is a crucial battleground for Asian car manufacturers. Kriengkrai Thiennukul, Chairman of the FTI in Thailand, stated that the Thai auto industry is in trouble compared to Malaysia due to recent domestic downturn and export slowdown in Thailand. Thailand can no longer be known as the Detroit of Asia, as Malaysia is overtaking Thailand, and Malaysia has surpassed Thailand to become the second-largest car market in Southeast Asia, only after Indonesia. Suzuki will continue to sell electric and hybrid cars in Thailand through SMT, and Suzuki hopes to focus its production in Asia in Indonesia, Japan, and India.
If any infringement occurs, please contact us for deletion
Chery Tiggo 9 is about to land in Malaysia under the name Jaecoo J8, updated real-life pictures are available!
On September 25, Chery Tiggo 9 and Chery Tiggo 9 CDM under Chery were officially launched. Among them, the 2025 Chery Tiggo 9 pushed 5 models, and the official guide price is 152,900 to 203,900 Yuan (RM90,000—120,000); Chery Tiggo 9 CMD has 2 models, and the official guide price is 165,900 to 175,900 Yuan (RM98k-104k).Except for the different power systems, the interior and exterior design of Chery Tiggo 9 and Chery Tiggo 9 CMD are identical. It is worth mentioning that, Chery Tiggo 9 will be na
Analysis of the advantages and disadvantages of Mazda CX-5, a SUV that people both love and hate?
Although Mazda comes from the auto powerhouse, Japan, unlike Toyota and Honda, it is not characterized by outstanding sales. Instead, Mazda is a car brand that always sticks to itself. Despite having a very unique brand element, it is stubborn in its products and refuses to compromise with mainstream design. This has caused Mazda's sales to always be unable to match Toyota and Honda, but it can attract a lot of young people's love.The Mazda CX-5, which is the core of Mazda, is positioned the sam
ZEEKR 7X Launched, Breaks 100 in 3 Seconds, Mid-size Pure Electric SUV: Real Shot Pictures Updated!
On September 20, 2024, ZEEKR's first midsize SUV, the ZEEKR 7X, was launched in China. The ZEEKR 7X, as the first family SUV under ZEEKR brand, is positioned as a midsize pure electric SUV. The new car is built on the SEA architecture, with a standard 800V high voltage platform, offering a choice between rear-drive and dual motor four-wheel drive, the latter with a system power of 475 kW, 0-100km/h acceleration in 3 seconds, and optional air suspension. Currently, the only ZEEKR model expected t
Whether it's about appearance or handling, why do young people all like Honda Civic?
If the Honda Accord is a model for family consumers, then the Honda Civic is the top choice for young people. The Honda Civic has evolved into its eleventh generation since its launch in 1973, with global sales exceeding 20 million units. The massive volume reflects its wide recognition and popularity in the global automobile market.Among Honda Civic's young consumer target group, most of them are young people who have not yet settled down, but have a certain economic strength. In the process of
Perodua Bezza is the best-selling, do consumers value fuel consumption or price?
In Malaysia's auto market, Perodua Bezza is undoubtedly a much-anticipated model. According to sales data for the first half of 2024, Perodua Bezza's sales have repeatedly set new highs among many cars, and the sales of 47,100 units in the first half of the year undoubtedly prove the popularity of this model.I. Affordable price, outstanding cost performanceThe price advantage of Perodua Bezza is one of the key factors for its best-selling. As an economical and practical small car, Bezza's pricin
Popular Cars
Car Compare