The prospects for the Thai vehicle industry look good; it is poised to be among the top 10 vehicle producing countries globally by 2015.
As the Association of Southeast Asian Nations (ASEAN) region continues to boom, Thailand has firmly established itself as a global vehicle manufacturing centre within the region, attracting global automakers like Ford, Mazda, Nissan, Mitsubishi ,Honda and Toyota to name but a few.
One of the main reasons why Thailand has become popular as a production base for such companies is due to the free-trade agreements it shares with many other nations in this growing region, making it easier for the automakers to access neighbouring countries. Its business friendly government as well as a hardworking and still relatively low wage work force are other key drivers behind the growth in Thailand.
Yet, the country is not without its challenges. In late 2011, Thailand witnessed its worst flooding in almost eight decades, forcing widespread supply chain disruption. In addition, wages continue to rise and there is a shortage of skilled workers.
Domestic vehicle sales in Thailand reached 1.2 million units in 2012. This is an increase of 40 percent compared to 2011, considered a difficult year. With production now fully restored, Thailand’s economy continues to bounce back from the devastation caused by the 2011 floods. Incentives for first-time buyers have also helped increase vehicle sales, particularly of sub-compact passenger cars. The vehicle market also continues to enjoy pent-up demand carried over from last year.
The prospects for the Thai vehicle industry look good; it is poised to be among the top 10 vehicle producing countries globally by 2015. Passenger car production in the country is expected to increase over the next five years as automakers begin building vehicles that comply with the criteria of the Thai government’s “eco-car” scheme. In addition, new entrants, including Volkswagen, Tata Motors, BMW, Daimler and Chery, are establishing manufacturing and assembly operations in the country.
Inland logistics services
WWL has developed a solid outbound logistics service to meet increased customer demand. WWL Thailand do vehicle processing for around 350,000 cars per year for General Motors Thailand, Auto Alliance Thailand and Volvo Cars Thailand. With its truck fleet of 120 trucks, WWL Thailand transported 176,000 cars last year on behalf of General Motors, Chevrolet, Toyota Motors, Honda and Nissan.
WWL ocean transportation to/from Thailand
• Monthly direct sailing to Europe.
• 3 to 4 vessels per month for direct call to Intra Asia destinations.
• About 3 sailings per month to Singapore for transshipment to America and Europe.