The Federation of Thai Industries (FTI) estimates motorcycle production will grow by 4.17% year-on-year to 2.1 million units in 2023 despite concerns over a global economic slowdown.
Thai Honda Co, a manufacturer and distributor of multi-purpose engines, is maintaining its 10% growth target this year, with motorcycle sales expected to stand at around 1.3 million units despite the prolonged semiconductor shortage.
Thai Honda Co, a manufacturer and distributor of multi-purpose engines, plans to increase production to 300,000 units to serve the domestic market within 2026, following a drop in its sales due to the Covid-19 impact.