Myanmar car importers struggle to survive

MYANMAR car importers are fretting that auto sales will continue to drop until the end of 2017 if the government does not come up with a clear, comprehensive auto policy. Soe Tun, president of the Myanmar Automobile Manufacturers and Distributors Association and chief executive of Farmer Auto Showroom, said importers were waiting for the policy […]

European companies not interested to establish auto manufacturing factories in Myanmar

European companies are not very much interested to establish auto car companies in Myanmar because cars manufactured from European countries are so expensive that only a small number of Myanmar can afford to buy, said an official from Myanmar Automobile Manufacturers and Distributors Association. The prices of those cars are exorbitantly high, and thus, majority […]

Thousands of car imports approved

A new government-led supervisory committee has released around 14,000 cars that had been held at Myanmar’s borders after an informal ban on vehicle imports was imposed last December. When the last vehicle import supervisory committee was disbanded at the end of last year, thousands of cars bound for Myanmar were held up, commerce minister U […]

Draft automobile policy to be submitted this session

The draft of a new Myanmar Automobile Policy which aims to improve domestic car production and make prices more affordable will be submitted to parliament this session. The 13th session of parliament, which began yesterday, is likely to pass a number of laws that are currently under discussion. Pyithu Hluttaw representative U Myint Soe from […]

Phony Yangon car showrooms defraud dealers in Japan and Korea

Up to one-third of all Yangon car showrooms are fake, and some may be defrauding automobile dealers in Japan and Korea, local vehicle distributors say. Some may also be failing to pay tax on the cars they sell. U Soe Tun, head of the Myanmar Automobile Manufacturers and Distributors Association, said MAMDA was negotiating with […]

Currency depreciation, policy changes a barrier to motorisation

Myanmar will reach the income level required to become “motorised” before neighbours Laos and Cambodia, but policy changes and currency instability threaten to undermine the market. As incomes rise, new vehicle sales are likely to increase. Myanmar citizens will reach the level of income required for motorisation to take off by 2019. Laos will reach […]

Right-hand-left-hand spat sets back draft Automobile Policy

A right royal hoo-ha has been raised by proposals that only left-hand drive cars should be imported in future. The draft Myanmar Automobile Policy, which transportation experts have been working on for the past two years, is expected to recommend the left-hand drive importation policy. The Myanmar Engineering Society (MES), which is drawing up the […]

Vehicle importers call for end of taxes on consignment

Car importers are calling on the Internal Revenue Department to reduce the 3.5 percent tax levied on the payments for vehicles imported under a consignment system. While cars imported using individual permits do not have to pay the tax, those using consignment do have to pay the tax. The tax has been in place since […]