The Federation of Thai Industries (FTI) expects Thailand's car exports to miss the target of 1 million units this year amid growing concerns over a raw material shortage and surging prices, driven by the Russia-Ukraine war.
Prices of key raw materials for car manufacturing such as steel will increase while the prolonged scarcity of semiconductors, another major component, is possible, said Kriengkrai Thiennukul, vice-chairman of the FTI.
