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Thai Mitsubishi’s exports down 3.9 per cent in 2019

Mitsubishi Motors exports vehicles made in Thailand to Vietnam. (Photo by Rei Nakafuji). Sketched by the Pan Pacific Agency.

Pan Pacific Agency | COMMUICATION AGENCY FOR PACIFICA REGIONS

BANGKOK, Feb 11, 2020, Bangkok Post. Mitsubishi Motors Thailand exported 332,700 vehicles last year, a 3.9% drop, the company said on Tuesday, Bangkok Post reported.

Of the total volume, 284,000 vehicles were shipped as completely built-up units in 2019, down 0.9% year-on-year, while the remaining 48,200 units were exported as completely knocked-down kits, down 18.6%.

President and chief executive Morikazu Chokki said last year’s completely built-up volume made Mitsubishi the largest car exporter among local manufacturers.

“Although there was a year-on-year contraction, Mitsubishi was satisfied with last year’s performance amid economic difficulties worldwide, particularly the completely built-up shipment,” he said.

Mitsubishi posted local sales in 2019 of 88,244 units, up 4.4%, overcoming a Thai car market that fell 3.3% to 1,007,552 units sold last year.

Of Mitsubishi’s total sales in 2019, the Thai-made Triton pickup sold 35,807 units while the Indonesia-made Xpander SUV delivered 16,196 units.

Mitsubishi forecasts the Thai car market at 920,000-950,000 units sold in 2020.

“We expect to capture a 9% market share this year,” Mr Chokki said.

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