Thailand delays ‘old car for new car’ project


BANGKOK (The Nation/ANN): Details of the proposed “old car for new car” scheme are being finalised and will be revealed to the public next week, according to the Industry Ministry.

The Finance Ministry is currently studying the proposal, which would see car owners offered coupons worth Bt100,000 in tax relief on purchases of new cars.

The trade-in scheme was proposed earlier this month by the Industry Ministry as a way of boosting the auto sector during the economic crisis.

However, automakers warned it could dampen sales and lead to stagnation of the industry as car owners would delay buying a new car until they hear what kinds of old car are covered by the scheme.

The National Economic and Social Development Council (NESDC) is expected to announce the full details of the scheme next week.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Thailand , old car , new car , automobile sales , project

   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Aseanplus News

Asean News headlines as at 6pm Wednesday
Over 1,160 tonnes of illegal timber seized across Myanmar
Thai govt files royal insult complaint against Thanathorn over vaccine criticism
Beijing to be built into international innovation hub: officials
Data problems cast shadow over Indonesia's ambitious vaccine drive
Cambodian FM to attend Asean FMs' retreat via video conference
Japan’s vaccine programme chief Taro Kono denies reports of May roll-out
Laos to enhance ties with development partners
Vietnam among countries with highest cancer fatality rates globally
Vaccine rollouts in China to boost logistics chain

Stories You'll Enjoy