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An EV charging unit, presented by the Metropolitan Electricity Authority, was among the highlights of this year’s Bangkok International Motor Show, which saw the number of EV reservations increase by 10%. (Photo: Varuth Hirunyatheb)
Car reservations at the 43rd Bangkok International Motor Show, which ended on Sunday, rose 13.6% to 33,936 units as electric vehicles (EVs) attract motorist interest following the program government EV incentives.
Sales growth amid the ongoing pandemic was due to marketing campaigns and state-backed promotion of electric vehicles, said Jaturent Komolmis, vice president of the auto show and general manager of Grand Prix. International Plc, which organized the 12-day event.
“Internal combustion engine cars continued to dominate bookings, accounting for 31,896 units of total bookings, an increase of 14.4%,” he said.
Toyota was ranked first, with 5,128 car orders, followed by Honda (3,019), Mazda (2,906), Isuzu (2,594) and Mitsubishi (2,553).
Electric vehicle reservations also rose 10% to 2,040 units, with SAIC Motor-CP and MG Sales (Thailand), car maker and distributor MG, receiving the highest orders, followed by Chinese commercial vehicle maker Great Wall Motor (GWM) sports.
GWM’s MG EP, MG ZS EV and Ora Good Cat are some of the manufacturers’ most popular models. The two companies have totaled 1,520 orders for these models.
“Both brands have received a good response from buyers as they have signed agreements with the government to join its incentive scheme for electric vehicles,” Mr Jaturont said.
The package, which includes tax cuts and subsidies ranging from 70,000 baht to 150,000 baht, aims to promote the consumption and production of electric vehicles between 2022 and 2023.
MG offered a 150,000 baht discount on its electric vehicles while GWM offered a 160,500 to 161,000 baht discount, according to the motor show organizer.
In the motorcycle segment, reservations increased slightly by 2% to 2,040 units.
Yamaha was ranked first, with 939 orders, followed by Harley-Davidson (305), Kawasaki (252), Royal Enfield (193) and Suzuki (182).
Some 1.57 million people visited the event, held under strict Covid-19 control, Mr Jaturent said.
The event was expected to boost domestic car sales, but the Thai Automobile Industry Association has expressed concern that the Russian-Ukrainian war threatens to cause a shortage of auto parts for European automakers, which which will affect global supply chains and car assembly in Thailand.