Hyundai joins fray in Myanmar’s crowded auto market

Myanmar’s restrictions on imported vehicles are pressing foreign automakers to switch to local production, adding pressure to a crowded field in Southeast Asia’s last promising growth market. Last week, South Korea’s Hyundai Motor marked the opening of a new contract manufacturing facility in Myanmar by launching its first locally made cars. That makes it one […]

Toyota sees rising demand despite inability to issue Yangon license

Toyota Motors is seeing demand rise for its imported automobiles despite the inability to issue Yangon license plates allowing car owners to legally park in the notoriously congested city. The Japanese car maker yesterday launched the new Toyota Rush in Myanmar, where it hopes to sell up to 80 new units of the Rush within […]