A Land Eager to Look Rich: Luxury Brands Edge Into Myanmar

YANGON, Myanmar — “Every man has a crazy hobby,” said U Thiri Thein Than, an automotive engineer from Yangon who also has a home in Tokyo. “For me, it’s cars and watches.” For years Mr. Thiri Thein Than, 40, has done his higher-end shopping overseas. But in March, he visited a boutique that the Swiss […]

Mercedes-Benz builds the new car market

Well-known German automaker Mercedes-Benz is working to find what cars click with local consumers. It has imported about 20 different models in the two years since it opened its first showroom in Myanmar. U Aung Thet Lwin, head of sales and marketing at Cycle & Carriage Automobile Myanmar, the local distributor of Mercedes-Benz, said that […]

Mercedes Buses to be Introduced in Myanmar

Cycle & Carriage Automobile Myanmar Co Ltd, the authorised dealer of Mercedes-Benz in Myanmar, is to introduce buses manufactured by the German automaker to the Myanmar market. U Aung Thet Lwin, head of the company’s sales department, said that buses produced by Mercedes will be introduced as buses currently in use in the country are […]

European luxury car makers struggle against Japanese

Luxury European and South Korean car makers continue to struggle against Japanese dominance in the luxury used car niche, according to an online survey. Motors.com.mm’s October survey show Japan’s Toyota used car brands are leading in Myanmar’s niche luxury car market with an 81 percent share compared with Western and South Korean luxury models. One […]

Jaguar Land Rover rolls into growing Myanmar market

Myanmar is witnessing something that few people could have imagined just two or three years ago: New, high-end automobiles are starting to hit the roads as the economy of the once-shunned country gains… Most of the vehicles on the streets of Yangon and other major cities are still either second-hand imports or ancient cars that […]

Volkswagen service centre ready to open in Yangon

Volkswagen will open a service centre in Yangon this month through an agreement with Singapore-listed Yoma Strategic Holdings announced last week. The joint service deal was reached with Volkswagen through Yoma’s majority-held subsidiary German Cars Industry Company (GCI), according to a Yoma press release issued October 23. Set to commence before the end of the […]

Ford launches as govt revamps import rules

Industry observers said they welcomed the notice, which was obtained by The Myanmar Times last week, from the ministry’s Directorate of Trade outlining parameters for distributors to sell new cars in Myanmar though some added it is at most a first step and further clarification is required. Ford became one of the first among other […]

ZNA and Dongfeng motor companies to penetrate Myanmar market

Yaung Ni Oo Services Company has held a ceremony to mark distribution of commercial, passenger and ferry vehicles from China based ZNA and Dongfeng motor companies on September 16. The company has an authorized dealer status from the Chinese companies. The buyers can purchase with installment system with AGD bank only in addition to cash […]

Myanmar Car Market: rushing in, but risks abound

“Sixty million people falling out of the sky – you’re not going to see that again in our generation,” quoted The Irrawaddy describing business opportunities in Myanmar. Investors including carmakers have been rushing to tap those opportunities. Nissan and Mercedes-Benz are the latest global OEMs to join Suzuki, Mitsubishi, Toyota, Ford, GM, Kia and Hyundai, […]

Mercedes-Benz and Mitsubishi Fuso showrooms to open in Yangon

Germany-based Mercedes-Benz and Japan-based Mitsubishi Fuso will soon open their showroom and auto service centres in Yangon, Aung Moe Kyaw, chairperson of their local partner Internatioanl Beverages Trading Company Group (IBTC) Group, said on Wednesday. IBTC has joined hands with Singapore-based Jardine Cycle & Carriage (JC&C) to launch the showroom and service centres as Diamler […]