Local car prices turn volatile as online market for govt car import permits emerges

Prices for semi-knocked down (SKD) cars assembled in Myanmar have declined during COVID-19. While this was due to a drop in demand due to travel restrictions and the suspension of initial vehicle registrations to avoid physical crowds at the Road Transport Administration Department’s offices, one other reason why sales have stalled is the issuance of […]

Car sales decline due to slowdown

Sales of used and locally-produced semi-knocked down (SKD) imported cars have fallen during the COVID-19 period, according to dealers in Yangon. The dealers attribute the decline to uncertainty and economic hardships caused by the COVID-19 restrictions. Sales for luxury cars have also declined, possibly due to a rumoured government plan to grant tax exemptions on […]

Suzuki to build new plant in Myanmar

Suzuki Thilawa Motor Co Ltd, Suzuki Motor Corp’s subsidiary for assembly and sales of automobiles in Myanmar, will construct a new automobile plant that will conduct welding, painting, and assembly of automobiles, Suzuki Motor announced on Monday. Suzuki Thilawa is currently assembling vehicles from semi knocked down (SKD) kits where partially assembled parts of a […]

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 […]

Myanmar to make electric buses

Modulo electric buses will be manufactured locally under a partnership between No 1 Heavy Industry Enterprise from the Ministry of Industry, Green Power Myanmar Co Ltd, and Csepel Holding Limited of Hungary. The Myanmar Times interviewed U Tin Maung Kyin, CEO of Green Power Myanmar Co Ltd regarding the implementation plans. Production is planned to […]