In a significant development for Thailand’s automotive landscape, major Japanese auto manufacturers are set to inject a substantial sum of 150 billion baht into the country over the next five years.
Japan Automakers: Toyota Motor and Honda Motor will invest about 50 billion baht each, while Isuzu Motors will invest 30 billion baht and Mitsubishi Motors 20 billion baht, spokesperson Chai Wacharoke said, adding this would include the production of electric pickup trucks.
Toyota is emphasizing its commitment to battery electric vehicles (EVs) at this year s Tokyo auto show. The Tokyo Mobility Show features numerous booths showcasing battery-powered EVs, including concepts from Mazda, Honda, and Toyota s own Lexus.
Labor unions representing workers at Japan's eight major automakers pressed for the highest-level wage raises in years on Feb. 15, eyeing significant pay hikes to offset the impact of high inflation.
Total domestic output by Japanese automakers in 2021 fell to its lowest level in 45 years, dropping 2.7 percent from a year earlier to 7.85 million vehicles, amid a supply shortage caused by the coronavirus pandemic, industry data shows