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Thailand: Automotive exports up 26% in H1
Thailand's car sales in both export and domestic markets have grown in almost all categories except for pick-up trucks during the first six months of this year, Thai News Agency (TNA) reported.
Surapong Paisithpatanapong, spokesman for the automotive group of the Federation of Thai Industries (FTI) said the domestic market for passenger cars has expanded in response to the 5 percent cut in excise duty to encourage energy-efficient vehicles.
Sales of passenger cars using the alternative E20 fuel, cheaper by six baht/litre compared to premium gasoline have accounted for over 34 percent of all vehicles sold during the first half of this year. More than over 110,000 units were sold during the period.
However, this is offset by robust export performances in other categories as Thailand exported over 385,000 passenger cars and pick-up trucks in the first half of 2008 - a 26 percent increase compared to the same period last year.
Motorcycles, sales of which have declined during the last two years, have showed signs of sales recovery.
Expensive farm commodities, together with pump-priming at the grassroots, resulted in nearly 880,000 units sold during the first half of this year, a four per cent increase year on year, according to FTI figures.
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