Old car’s price doubled after suspension of auto factories

THE auto factories suspended their operations in the country and the car transactions were robust again, according to the dealers. More than dozens of automobile companies including Suzuki, Nissan, KIA, Hyundai and Ford suspended their productions recently. “The existing cars in the market see good transactions. For some restrictions in imports, the car prices become […]

Construction of Toyota Myanmar Plant Kicks Off in Thilawa

Toyota Myanmar Co. Ltd held a groundbreaking ceremony at the construction site for its new manufacturing plant at the Thilawa Special Economic Zone on Friday. The US$52.6 million plant is expected to be ready and operating from February 2021 onwards. It will produce 2500 Toyota Hilux pickup trucks per year using the semi knock-down method. […]