Nissan Car Dealers Wanted

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. As part of the business expansion, we would like to invite you to join us an our pioneers in growing the Myanmar market. We welcome interested potential dealers to operate in the following regions / areas: Mawlamyine Pathein […]

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 […]

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. […]

Jaguar Land Rover rolls into growing Myanmar market

Myanmar is witnessing something that few people could have imagined just two or three years ago: New, high-end automobiles are starting to hit the roads as the economy of the once-shunned country gains… Most of the vehicles on the streets of Yangon and other major cities are still either second-hand imports or ancient cars that […]

Nissan to invest more than US$ 200 million in Myanmar

YANGON—Nissan will invest more than US$ 200 million (Ks 197.4 billion) for an auto factory construction project to be built on 100 acres of land in the Bago Region, said Aye Tun from the United Diamond Motor Company (UDMC). The e-garage subsidiary of Malaysia-based Tan Chong Group, which is manufacturing and distributing Nissan brands, had […]

Nissan factory to be built in Bago Region

A Nissan car factory is being planned on 80 acres of land in Myanmar’s Bago Region, according to company sources. The local company, United Diamond Motors have been authorised as the official distributor in July this year. “Nissan will build its auto factory in Myanmar. Once the factory is built, it will start marketing its […]

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’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 […]