Location:Chinatrucks >
news >
truck news > Isuzu to Double Heavy Truck Production in Thailand, Increase Exports
Isuzu to Double Heavy Truck Production in Thailand, Increase Exports
Date:2017-05-09 Source:japantimes
www.chinatrucks.com: Isuzu Motors Ltd. is preparing to double its heavy-duty truck production capacity in Thailand this year in hopes of increasing exports to Southeast Asian markets.
The company recently invested further in its heavy truck plant in Thailand’s central province of Chachoengsao to double its annual production output of 25,000 to 26,000 vehicles. Thailand-produced trucks mostly cater to the domestic market at present, according to Toshiaki Maekawa, president of Isuzu’s local distributor, Tri Petch Isuzu Sales Co.
The carmaker expects to start exporting heavy trucks 2 tons or larger in loaded weight, both built-up and knocked-down, to meet huge demand in Southeast Asian countries in the near future.
Maekawa said the region’s potential markets for heavy trucks include Indonesia, which is 10 times as big as Thailand, Vietnam and the Philippines.
Last Tuesday, Isuzu unveiled a range of six new heavy models dubbed the “King of Trucks” for the first time in Thailand with prices from 1.8 million to 3.4 million baht (¥5.9 million to ¥11.1 million ). The new models are locally made and are expected to be exported to other regional markets.
Isuzu earmarked Thailand as a strategic hub for heavy trucks in Southeast Asia in 2014 when it decided to set up a research and development center in the country working on the “King of Trucks” series.
The company’s Japanese R&D center for heavy trucks is working for the U.S., European and Australian markets.
Isuzu forecast its heavy truck sales in Thailand will hit 13,000 vehicles this year, up from last year’s 12,000, maintaining its 49 percent market share and its sector-leading position.
The company predicted sales of trucks weighing over 2 tons fully loaded in Thailand this year will reach 26,000 to 27,000 vehicles, similar to last year’s performance.
The heavy truck market is thriving mainly on government investment in infrastructure development projects, better pricing of consumer goods and tax breaks for local entrepreneurs who spend on commercial vehicles.
Back at home, auto sales are buoyed by minivehicles. Industry data showed Monday that auto sales in Japan in April grew 9.2 percent from a year earlier to 354,750 units, helped largely by stronger sales of minivehicles, or cars with engines no larger than 660 cc, as well as other types of new models.
Sales of minivehicles in the reporting month grew 16.5 percent from a year earlier to 130,530 units, up for the first time in four months, according to the Japan Light Motor Vehicle and Motorcycle Association.
By brand, Nissan’s minicar sales more than doubled and those of Mitsubishi Motors jumped 88.5 percent, rebounding from sluggish demand following a fuel economy data manipulation scandal last year. The scandal at Mitsubishi Motors prompted a temporary halt in the production and sale of its two minicar models as well as two supplied to Nissan. Toyota’s minicar sales increased 28.5 percent while those of Honda dropped 1.1 percent.
Sales of new models excluding minivehicles was another contributing factor. Vehicle sales rose 5.4 percent from a year earlier to 224,220 units, the Japan Automobile Dealers Association said. Among them, sales of passenger cars increased 6.1 percent to 195,874 units.
By brand, Toyota Motor Corp.’s sales rose 1.4 percent, those of Nissan Motor Co. climbed 21.7 percent and Honda Motor Co. saw a rise of 14.3 percent. Mitsubishi Motors Corp.’s sales fell 3.9 percent.
Views:0
Related China Trucks News
- ISUZU's New Gasoline-powered Class 5 Truck Features Allison Transmission 2020-08-03
- Jiangxi Isuzu Delivers 44 Units JIM EV pickups to Shanghai Pudong Airport Group 2019-07-05
- Jiangxi Isuzu Releases Three Pickups in Kunming 2019-05-23
- Qingling Isuzu Secures an Order of 100 Units Trucks 2019-01-11
- Isuzu Philippines Pagbilao Dealership Opens Its Door to Serve Customers 2018-10-12
- Cummins and Isuzu Sign Letter of Intent to Evaluate Partnership Opportunities 2018-10-09
- The 50,000th Isuzu N-Series Truck Rolls off Line in America 2018-08-07
- Isuzu Plans to Export Big Trucks and Expects 3% Export growth for 2018 2018-02-28
- Isuzu Breaks Commercial Truck Sales Records 2018-01-23
- Isuzu Debuts Blue Power Euro V trucks at the 2017 PhilConstruct Manila 2018-01-15
China Trucks Advisor
Submit Your Requirements, We Are Always At Your Service.
Hot News
- World’s First All-electric Scania Car Transporter Goes into Service
- China’s First Mining Specialized Remote Sensing Satellite Launched
- SINOTRUK Delivers Full Year 2022 Results, Heavy Truck Sales Down 52.50%
- FOTON and Cummins Team up to Build a New Engine Plant in Thailand
- SANY Awarded as 2022 Forbes China TOP 50 Sustainable DEV Industrial Enterprises
- Daimler Trucks and Buses Signs Deal with XCMG Fire Fighting
- FAW Jiefang Sichuan Branch Was Officially Established
- Bus & Truck Expo Set to be Held in May 2023
- Yutong, SCG Signed MoU for Green Mining in Thailand
- CAT Displays Its First Battery Electric Large Mining Truck
Recommended Brands[more]
Recommended Trucks[more]
China Truck Statistics
- Half Year Review of Commercial Vehicle Sales
- China Exported 63,000 Trucks in May, Up 33% YoY
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April
- China Exported 158,000 Trucks in Q1, Up 41% YoY
- China’s Truck Exports Grew by 43.8% YoY to 46600 Units in Feb., 2023
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb
- China Exports 567,000 Trucks in 2022, Hitting a New High in a Decade
- China’s Pickup Exports Jumped 65% YOY in 2022
- China's Truck Exports Grew by 42% YOY to 53,000 Units in November
- Heavy Truck Sales in China Fell by 9% YoY to 46000 Units in Nov.