Accelerating Vehicle Electrification to Shake up Competitive Landscape in ASEAN Automotive Market
Frost & Sullivan Manufacturing
APRIL 25, 2024
Market Landscape in 2023 For a variety of reasons ranging from supply chain disruptions to macroeconomic headwinds, passenger vehicle and pickup vehicle sales across the five main automotive markets of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam dipped from 3.2 million in 2022 to 3.1 million units in 2023.
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