Honda to begin automobile after sales business in Myanmar

Japanese automobile manufacturer Honda Motor Company has started its after-sales business in Myanmar. The announcement was made at the opening ceremony of an all-new Honda authorised after-sales outlet in Yangon, which is operated by Honda’s new business partner, Eastern Nova.

The ceremony was attended by Kyi Thein, General of the Myanmar Armed Forces (Tatmadaw), former Chairman of The Yangon City Public Transport Authority and invited media and guests as well as representatives from Honda.

The agreement was entered into between three parties – Eastern Nova, Honda Motor, and Asian Honda Motor, Honda’s regional headquarter for the Asia and Oceania Region.

The company informed in an official statement, “Myanmar has been experiencing a very encouraging economy growth of around 8% in recent years, and it is regarded as one of the important markets with high potentials to grow in Asia with the population of 50 million.”

“The sales of new vehicles have been permitted since 2011, and currently Honda reckons that more than 42 thousand units of Honda cars have been already registered and used in the market.”

Source: The Economic Times

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