BANGKOK -- Thailand's automobile production this year is expected to reach 1.85 million units, down from its previous forecast of 1.9 million, the Federation of Thai Industries (FTI) said on Tuesday.
Automobiles
Thai auto industry body cuts 2023 production forecast to 1.85m units
Downward revision triggered by tougher loan standards and high interest rates
Thai consumers are finding it harder to obtain car loans, a situation that has weighed on auto sales in the country. (Photo by Ken Kobayashi)
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