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Toyota to build first Myanmar assembly plant in Thilawa

Japan’s Toyota Group will start building an assembly plant in Thilawa Special Economic Zone (SEZ) this year, according to a Myanmar Times source. Toyota Motor Corp, the automobile branch of Toyota, will invest several billion yen for the facility to manufacture pick-up trucks through semi-knockdown (SKD) production for the Myanmar market. An official announcement will […]

Hyundai joins fray in Myanmar’s crowded auto market

Myanmar’s restrictions on imported vehicles are pressing foreign automakers to switch to local production, adding pressure to a crowded field in Southeast Asia’s last promising growth market. Last week, South Korea’s Hyundai Motor marked the opening of a new contract manufacturing facility in Myanmar by launching its first locally made cars. That makes it one […]

South Korean car maker opens first assembly plant in Myanmar

As the government is pushing for car companies to assemble their vehicles in Myanmar, more international companies are setting up assembly plants in the country. Among the latest is South Korea’s Hyundai. The company launched its plant and its first semi-knocked-down (SKD) model on February 8. The local arm of Hyundai, Shwe Daehan Motorcar Assembly […]

New joint venture to bring order to Yangon bus chaos

The Yangon Region government is forming a new public-private partnership (PPP) company, as part of a city-wide reform of the chaotic public transport system. Bus line owners are eagerly awaiting the overhaul, but want the authorities to provide infrastructure and financial aid to help them manage the shift. The government set up a public-private sector […]

Myanmar clunkers ‘scrapped’ to make room for new cars

Automakers are seeking pole position in possibly one of the world’s fastest growing markets for new and used cars. YANGON — Mr Mike Shwe Hlaing has a lot full of used SUVs and a potentially huge market to sell them to if Myanmar manages to spread some of the affluence blooming in its biggest city […]

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 […]

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, […]