ENZHMS
Link Copiedcheck_circle
Auto News

Honda Shutters Ayutthaya Plant, Cites 50% Shrunken Demands

KS

12-7-2024

Share via

352755730_177096968645111_7116884721937127876_n.jpg


As Chinese companies like BYD and GWM ramp up production and open up manufacturing hubs globally, it appears that one Japanese powerhouse is instead cutting back on production by shutting down one of its main overseas production plants.

The marque in question is Honda, and it soon joins the likes of Subaru and Suzuki to shutter one of its production plants in Thailand. As reported by Reuters, Honda’s Ayutthaya plant will cease operations by 2025, and the firm will instead focus its entire operation at its other remaining plant in Prachinburi.


img-fig03.jpg


The reason behind this is changing consumer demand in favour of electric vehicles (EVs). The Ayutthaya plant, which opened in 1996, will move its machinery to the newer Prachinburi factory inorder to streamline production and better coordinate manufacturing and sales in the Thai market.

Honda's combined production at these factories has decreased from 228,000 vehicles in 2019 to fewer than 150,000 per year during the last four years. During this time, annual sales in Thailand remained below 100,000 vehicles.


image-(18).jpg


Honda will reportedly continue exporting vehicles from Thailand to other Southeast Asian markets such as Indonesia and the Philippines. Additionally, the Prachinburi factory will be retooled to prioritise hybrid car production, indicating a transition away from pure internal combustion engines (ICE).

As mentioned earlier, BYD had also recently opened its first Southeast Asian factory in Thailand with an investment worth US$490 million (RM2.3 billion). This new facility will have the capacity to produce 150,000 vehicles annually and will create 10,000 jobs.



Source: REUTERS

Share This Article

Written By

KS

More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well! https://www.linkedin.com/in/kumeran-sagathevan/

Share via

JPJ Running Numbers

KUALA LUMPUR

VNR3014

SELANGOR

BSC4648

JOHOR

JXR5234

PULAU PINANG

PRM8154

PERAK

ANT4917

PAHANG

CFA9201

KEDAH

KFY1182

NEGERI SEMBILAN

NEE5894

KOTA KINABALU

SJJ3829

KUCHING

QAB7401K

Last updated 07 Feb, 2025

Fuel Price

Petrol

RON 95

RM 2.05

RON 97

RM 3.43

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 3.18

EURO 5 B7

RM 3.38

Last updated 06 Feb, 2025

Related News

International
Report: Nissan-Honda Merger Will NOT Proceed

Report: Nissan-Honda Merger Will NOT Proceed

Much-lauded Nisan-Honda merger will reportedly NOT proceed due to major disagreements say insiders.

06-02-2025
International
Nissan May Call Off Merger Talks With Honda, Source Says

Nissan May Call Off Merger Talks With Honda, Source Says

Nissan may call off its merger talks with Honda due to growing differences on both sides.

05-02-2025
International
Nissan Needs To Triple Profits, Reclaim Renault Shares For Merger With Honda To Work

Nissan Needs To Triple Profits, Reclaim Renault Shares For Merger With Honda To Work

For proposed merger with Honda to work, ailing Nissan needs to triple its profits and reclaim its shares from Renault. But can it?

17-01-2025
Auto News
Honda Malaysia Sold 81,600 Units in 2024 – Maintains Non-National Top Spot

Honda Malaysia Sold 81,600 Units in 2024 – Maintains Non-National Top Spot

Honda Malaysia maintains its position as Malaysia’s No. 1 non-national passenger car brand in 2024, with 81,600 units sold.

09-01-2025
International
Akio Toyoda: Nissan Never Approached Toyota For Merger

Akio Toyoda: Nissan Never Approached Toyota For Merger

Toyota Chairman Akio Toyoda shares his view on Nissan-Honda merger at CES 2025, says Nissan didn’t approach Toyota for said merger.

09-01-2025
EV
Production-Ready Honda 0 EV Saloon, SUV Duo Revealed

Production-Ready Honda 0 EV Saloon, SUV Duo Revealed

Production-ready versions of all-electric (EV) and radical Honda 0 Series saloon and SUV models debuts at CES 2025 in Las Vegas.

08-01-2025
International
Renault Cautiously Mulling “All Options” In Nissan-Honda Merger

Renault Cautiously Mulling “All Options” In Nissan-Honda Merger

French automaker Renault says it’s cautiously mulling “all options” regarding proposed Nissan-Honda merger.

26-12-2024
International
Official: Nissan-Honda-Mitsubishi Confirm Merger Plans

Official: Nissan-Honda-Mitsubishi Confirm Merger Plans

Nissan-Honda-Mitsubishi partnership could potentially form the world’s third largest automaker by 2026.

24-12-2024

Latest News

Auto News
Puspakom Welcomes Competition, Closes Wangsa Maju Centre In June

Puspakom Welcomes Competition, Closes Wangsa Maju Centre In June

Puspakom embraces industry changes as competition rises, confirms Wangsa Maju centre closure by June.

08-02-2025
Auto News
Perodua Lowers 2025 Production & Sales Targets, But Doubles Its Investments

Perodua Lowers 2025 Production & Sales Targets, But Doubles Its Investments

Perodua lowers its 2025 production and sales targets, but commits to doubling its investments for greater self-reliance, R&D, and more.

07-02-2025
Auto News
MoT Appoints Three Vehicle Inspection Operators for Seven Locations

MoT Appoints Three Vehicle Inspection Operators for Seven Locations

MoT has appointed three new motor vehicle inspection service operators to operate at seven locations nationwide.

07-02-2025
Auto News
Volvo Car Malaysia Shifted 1,953 Units In 2024

Volvo Car Malaysia Shifted 1,953 Units In 2024

Volvo Car Malaysia capped off 2024 by shifting 1,953 units, with 83% of which comprised of electrified PHEV and BEV models.

07-02-2025
Auto News
Sixth-Gen Honda CR-V Sees Over 11,300 Units Shifted, Leads C-SUV Segment

Sixth-Gen Honda CR-V Sees Over 11,300 Units Shifted, Leads C-SUV Segment

Sixth-gen Honda CR-V continues to lead local C-SUV space as sales soar over 11,300 unit since launch to hold a 36% market share.

07-02-2025
Auto News
UMW Toyota Motor Shifted 5,383 Vehicles in Jan 2025

UMW Toyota Motor Shifted 5,383 Vehicles in Jan 2025

UMW Toyota Motor kick-started the year by shifting a total of 5,383 vehicles in Jan 2025.

07-02-2025
Auto News
New Vehicle Inspection Operators Will Be Announced Tomorrow

New Vehicle Inspection Operators Will Be Announced Tomorrow

MOT will announce new vehicle inspection operators soon, ending Puspakom’s monopoly.

06-02-2025
Auto News
Bermaz Auto Eyes Recovery Amid Competitive Pressures

Bermaz Auto Eyes Recovery Amid Competitive Pressures

Bermaz Auto braces for recovery with new model launches and EV expansion, despite competition from Chinese automakers.

06-02-2025

Show More

trending_flat
Carz Automedia Malaysia Logo
About Us

CarzAutoMedia: Stay connected to the latest car news! Get instant updates on new releases, industry trends, and automotive innovations. Your go-to source for 24/7 coverage of everything automotive.

© 2024 CariCarz.com. All Rights Reserved.