Thailand's Finance Ministry plans to roll out excise tax incentives by September to attract foreign automakers to establish local production and source components domestically. The scheme offers lower tax rates to manufacturers building factories in Thailand and using Thai suppliers, while penalizing full imports without local production. Approved by cabinet next month, this supports the government's "Thailand's New Horizon" strategy to boost investment and raise GDP growth from 2% to over 3% within four years, positioning Thailand as an alternative manufacturing hub amid geopolitical shifts.