Geely brand, ranked the 9th in the Portfolio Brand Value 2020 in the world evaluated by Brand Finance, will enter the Myanmar market and launch new models in partnership with Premier Automotive Limited (PAL), which is the integrated Automotive Corporation as a member of CDSG, the third biggest conglomerate in Myanmar. Starting in 2020, PAL […]
Audi showroom set to open in Yangon next year
December 18, 2019 by
A new entrant into Myanmar’s car market is set to make its presence felt next year. Renowned German luxury car maker Audi AG will be open its official showroom at a site in front of Inya Lake at the sixth mile of Pyay Road, Yangon. This was announced by Audi Myanmar Operations Director Antoine Jeanson […]
80 pc of automobile purchases related to installment system
October 5, 2018 by
About 80 per cent of all automobile purchases in the local market are linked to the installment system, said Dr Soe Tun, President of Myanmar Automobile Manufacturers and Distributors Association. The number of people who buy automobiles under the financing and hire purchase system of banks has increased. The number of those buying automobiles with […]
Second attempt planned for local car assembly
October 5, 2015 by
Developing a domestic car assembly and manufacturing industry may be a difficult task, but proponents claim it will help boost new car ownership levels in the country. With as much as 99 percent of car sales thought to be used vehicles, largely imported from Japan, experts say locally assembled vehicles would help shift the tide […]
Myanmar mulls left-hand drive car law
September 28, 2015 by
YANGON (AFP) – Myanmar plans to make left-hand drive cars compulsory, state media reported Sunday, causing concern in a country where the vast majority of vehicles remain right-hand drive despite cars driving on the right. The law is an attempt to correct one of the more unusual legacies of decades of junta rule. More than […]
19 Sri Lankan car importers team up to operate vehicle business in Myanmar
May 17, 2013 by
Taking advantage of Myanmar’s aged car fleet at present as well as tax concessions given for vehicle importers, 19 Sri Lankan car sale companies have teamed up to operate a vehicle business in this Southeast Asian market, vehicle importers said. Indika Sampath Merenchige, President of the Vehicle Importers Association of Lanka, told the Business Times […]
