Toyota sees uphill sales battle in Yangon

Local car dealer Toyota Aye and Sons is hoping a hire purchase scheme will help boost sales of a new Toyota model, which has to compete with a sea of used vehicles in a market complicated by regulations. Toyota has been struggling to sell brand-new cars in Myanmar despite campaigns and promotions. The market is already awash with […]

Suzuki to establish factory in Thilawa SEZ

SUZUKI has announced that it plans to expand its business in Myanmar by building a manufacturing factory of automobiles and motorcycles in the Thilawa Special Economic Zone (SEZ). “Suzuki began manufacturing automobiles and motorcycles in Yangon South Dagon Township in 1999. Although a 12-year investment agreement was due, we have been trying to make automobiles […]

Nissan to build cars in Myanmar for first time

YANGON — Japanese auto giant Nissan will start assembling cars in Myanmar for the first time this year, the company said Wednesday, as it expands its presence in one of Asia’s final economic frontiers. Foreign companies have piled into the Southeast Asian nation since reforms began in 2011, eager to tap into a 51.5 million-strong […]

Second attempt planned for local car assembly

Developing a domestic car assembly and manufacturing industry may be a difficult task, but proponents claim it will help boost new car ownership levels in the country. With as much as 99 percent of car sales thought to be used vehicles, largely imported from Japan, experts say locally assembled vehicles would help shift the tide […]

Burma’s New Auto Policy to Promote Manufacturing, Say Experts

RANGOON — Domestic and foreign car industry experts will convene over the weekend to hash out details of a new automobile policy geared toward streamlining Burma’s ownership, manufacturing and import practices. The Myanmar Automobile Policy Conference will take place at the Union of Myanmar Federation of Chambers of Commerce (UMFCCI) in Rangoon on May 31. […]

Race begins for motorcycle dealers

Each week salespeople from at least two different motorcycle manufacturers approach Ko Tun Zaw Win to see if his three Mandalay shops will act as resellers for their brands, he said. He turns away most, but the other dealers are not being so picky. Two years ago only a handful of brands were available locally. […]

Japan carmaker Suzuki to build second plant in Myanmar

Tokyo (AFP) – Japanese automaker Suzuki plans to invest tens of millions of dollars to build a second plant in Myanmar, seeking to make quick inroads in the country’s growing market, a report said Saturday. The small-car maker has already secured a roughly 20-hectare (50-acre) plot at the Thilawa special economic zone southeast of Yangon […]

Japanese car builders bid on Thilawa

Japanese auto giants Suzuki and Toyota are among the bidders for parts and manufacturing facilities at the Thilawa special economic zone, Myanmar’s investment commission said. Aung Naing Oo, director general of the Myanmar Investment Commission, said Suzuki and Toyota, as well as France-based auto parts manufacturer Lafarge, have all made proposals to build in Thilawa […]

Myanmar’s power supply problems hurt growth

The opening up of Burma’s economy has generated feverish excitement among international investors. With a population of 60 million, a wealth of natural resources, and a need for just about everything, Burma, also known as Myanmar, is one of the world’s last untapped markets. And yet, while foreign direct investment has increased substantially since most […]

7.8% annual growth for 6 years seen for Myanmar auto market

Myanmar’s automotive market is likely to grow at a compound annual growth rate (CAGR) of 7.8 per cent from 2013-2019, driven by a growing economy, infrastructure development and increasing income. DushyantSinha, associate director for automotive practice, Asia-Pacific, at market researcher Frost & Sullivan said that real growth is likely to start only after 2014. Frost […]