Thailand's vehicle production fell in October due to a drop in manufacturing for both home and foreign markets, despite an increase in exports, according to figures released on Thursday.

According to the Federation of Thai Industries (FTI), Thai automakers manufactured 158,734 vehicles last month, a 7.02 percent decrease from the previous year, due to a significant drop in pickup truck production and last year's high comparative base as semiconductor supplies increased.

According to Surapong Paisitpattanapong, the FTI's automobile industry club vice president and spokesperson, the Southeast Asian country's finished car exports increased 12.20 percent year on year last month to 105,726 units due to increased sales in trading partner nations.

Surapong said at a news conference that the value of finished automobile exports increased 17.33 percent year on year in October, totaling 72.48 billion baht (approximately 2.05 billion US dollars), owing mostly to increased shipments to Australia, the Middle East, and Europe.

Domestic auto sales fell 8.75 percent year on year last month to 58,963 units, he added, as pickup truck sales fell due to tightened bank loans. Sales of internal combustion engine cars fell 19.15 percent to 518,438 units between January and October, while sales of battery electric vehicles increased 702.39 percent to 56,119 units, he noted.