Tri Petch welcomes B5bn pickup fund

The government approval of a 5-billion-baht fund to lift domestic pickup sales offers vehicle and auto parts makers some much-needed oxygen amid more stiff US auto tariffs, said local distributor Tri Petch Isuzu Sales, the local distributor of Isuzu vehicles, applauded the government's decision to set up the fund in line with the Federation of Thai Industries Automotive Industry Club.

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Last month the cabinet resolved to approve the allocation of a 5-billion-baht fund to facilitate pickup loans for small and medium-sized enterprises (SMEs).

SMEs not only use pickups for transport, but also depend on the vehicles to earn a living.

"We are waiting to see how the fund will benefit the industry and its supply chain, especially auto parts makers," said Takashi Hata, President of Tri Petch Isuzu Sales.

Pickup assembly utilises 80-90% of all auto parts in the market, according to the club.