Car sales up 25% in 2019

Car sales up 25% in 2019

According to the latest report released by the ASEAN Automotive Federation (AAF), the sales of motor vehicles in Myanmar jumped 25.4% from January to November 2019 compared to 1 year prior (15,365 to 19,274). Though at a very low level in terms of vo

Myanmar auto industry revs up

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, im

Mandalay city to crack down on illegal motorbikes

Mandalay lawmakers are planning to crack down on unlicensed motorbikes and three-wheelers with more strictly enforced regulations. Speaking to the Myanmar Times, the regional MP U Aung Kyaw Moe said, “Unlicensed vehicles should not b
China-Myanmar joint venture assembles first car

Plant in Mandalay to produce first Chinese cars

A new plant near Mandalay is poised to build the first Myanmar-made Chinese cars by Gold AYA Motor International. According to a report by the Myanmar Times, the subsidiary of the Chinese Shining Star Group of Companies, invested around USD 30 millio
Toyota Nezas dealership in Myanmar to begin selling in 2020

Toyota dealership to open Yangon store

Nezas Holdings, a Myanmar-based dealership for Toyota Motor Corp, is to open a shop early next year in Yangon. According to an article in the Myanmar Times, the showroom is to be located in the commercial capital’s Mayangone Township. Car models im
Singapore VC Majuven backs Myanmar-focused Daung Capital’s Series A

Singapore VC Majuven backs Myanmar’s Daung Capital

Myanmar-focused financing platform Daung Capital has announced the final close of its undisclosed Series A investment round this week. Majuven, an early- and growth-stage venture capital firm from Singapore is the new investor in the company. The dea