Myanmar automotive factories are upping their output in response to higher demand, according to an industry analysis by the Myanmar Times. Production has increased from both Japanese and Chinese brands, taking advantage of growing local demand, improved infrastructure and the development of Myanmar’s special economic zones. The number of cars on Myanmar roads is estimated to reach 2 million by 2020.

Suzuki Myanmar Motor Co. Ltd., which claims to hold 60 percent of the local market, increased production this year to 15,000 cars and trucks, up from 12,000 in 2018, according to data obtained by the the Myanmar Times. The Suzuki Ertiga, a mid-sized SUV, has become one of the fastest-selling personal cars in Myanmar. Suzuki assembles them in the Thilawa Special Economic Zone, located outside of Yangon.

In May, Toyota, another Japanese brand, also announced plans for a new manufacturing plant in the Thilawa SEZ, valuing USD 53 million. The Toyota factory will mainly produce the popular Hilux line of light pickup trucks.

Chinese automakers are also making inroads into the Myanmar market. Gold AYA Motor International is investing USD 30 million in a new plant in Mandalay’s Myotha Industrial Zone. Gold AYA Motor plans to roll out 50,000 new vehicles over the next five years, made with a combination of locally-manufactured and imported parts. However, the company aims to eventually manufacture all of the parts itself and produce the first ever entirely Myanmar-made cars.