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Myanmar auto portal on fast track amid surging demand

THOUGH the lack of stable automobile policies in Myanmar is holding back the potential for an auto boom, CarsDB.com, the nation’s largest automobile marketplace, is confident it will be able to maintain its annual two-fold growth in revenue, according to Wai Phyo Kyaw, co-founder and chief operating officer of the company. “Since the past three […]

Why Myanmar’s government needs to do more to maintain economic growth

Myanmar’s economy is growing. In particular, the manufacturing and retail sectors are booming. However, the government must address significant challenges to maximise Myanmar’s growth potential. The manufacturing industry grew dramatically The government set bold industralisation targets. It wanted to promote manufacturing exports and lessen the country’s reliance on oil and gas. Industry, including manufacturing, contributed […]

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. […]

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 […]

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 […]

Toyota to open further spare parts and service centers in Myanmar

Toyota Motor Corporation, the eleventh-largest company in the world, will open more spare parts and service centers in Nay Pyi Taw, the capital of Myanmar, and Mandalay, second largest city, an official from Toyota Tsusho Asia Pacific (T.T.A.S) Company said. “Toyota is planning to extend its market in Myanmar and open spare parts and service […]