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 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 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
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
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
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