European car makers express interest in Myanmar

The Czech Republic has announced interest to assemble Skoda cars in Myanmar, U Thaung Tun, Union minister for Investment and Foreign Economic Relations, said last week. “The Czechs sold the Skoda in Myanmar in the past and now they’ve made an offer to start production here,” U Thaung Tun said at an investment promotion event […]

Toyota to build new plant in Myanmar

Toyota Motor Corporation will be building its first vehicle production company in Myanmar where it will locally produce the Hilux from February 2021. The announcement comes after other carmakers like Suzuki, Nissan and Ford established factories in the country. The automotive market in Myanmar has soared in accordance with the growth of the economy. The […]

New vehicle import policy disruptive to Toyota’s Myanmar strategy

Sales of Toyota cars are expected to trail behind that of other car makers in Myanmar as a result of the government’s latest vehicle import policy, a spokesperson for Toyota Motor Corporation said. Under the new policy, which was announced and made effective last month, all new imported cars must now be left-hand-drive in accordance […]

Toyota to open further spare parts and service centers in Myanmar

Toyota Motor Corporation, the eleventh-largest company in the world, will open more spare parts and service centers in Nay Pyi Taw, the capital of Myanmar, and Mandalay, second largest city, an official from Toyota Tsusho Asia Pacific (T.T.A.S) Company said. “Toyota is planning to extend its market in Myanmar and open spare parts and service […]