Thai motorcycle production is projected to increase by 2-4% to 2.10-2.15 million units in 2019, supported by positive factors affecting both domestic and export markets, says Krungsri Research. Ms Wanna said the government's welfare card scheme continues to make additional funds available to potential motorcycle buyers. Ms Wanna said the revision will raise motorcycle prices, while farm incomes are still slow to gain ground. "This may increase costs for manufacturers and distributors to spend more on marketing campaigns in order to preserve their market share," Ms Wanna said. The US is Thailand's biggest export market for motorcycles, Ms Wanna said.

Source: Bangkok Post June 03, 2019 00:22 UTC