% YoY, driven by recovery in volumes starting from 4Q20, notably strong demand seen in the tire segment, as well as improved margins. Global light vehicle sales are expected to remain strong into 2Q21

. For the 9 months period from January to September, total vehicle production volume growth was driven by strong domestic car sales, which grew 20.3% year on year. Export volume grew by 1.0% compared to

and technologies that encourage overall efficiency (high load, occupancy and flow); a. Technologies that allow new behavior (such as qualifying vehicle car pool clubs, bike sharing) b. Better

: Thailand Automotive Industry Total vehicle production volume in Jan-Mar 2017 was 485,555 units, which was 4.2% lower than a production volume of 506,874 units during Jan-Mar 2016. This year-on-year decrease

growth. However, China operations decreased slightly by 4.8% due to the rapid spread of Covid-19 after the relaxation of China’s zero Covid policy during December which resulted in a decrease in automobile

range. 2) Car Dealerships Business; Higher sales in dealership business both in Thailand and Malaysia. In Thailand, sales growth was driven by openings of Mazda and MG showroom in Thailand in October 2021

slightly decreased from 6.6% in Q2 2016 to 6.3% in Q2 2017, as improved margins in the automotive parts segment, driven by improved efficiency, was impacted by lower margins in the car dealerships. Selling

and orders increase due to higher demand for cars. Thailand and China operations were strong, grew 29.2% and 48.1% year-on-year respectively and outperformed the industry. 2) Car Dealerships and

% Change Production 504,458 516,879 -2.40% 1,065,945 1,056,569 0.89% Domestic 260,221 252,025 3.25% 523,770 489,118 7.08% Export 260,020 266,730 -2.52% 559,861 561,960 -0.37% Total vehicle production volume

impacted the European car production volume. European car production reduced from 21.2 million cars in 2019 to 15.7 million cars in 2021. Dealership business in both Thailand and Malaysia slightly improved