Race for Myanmar's auto market heats up as Toyota builds factory

Sub-title: 

Carmaker chases Suzuki, Ford and Hyundai in Southeast Asia's final frontier

Description: 

" Toyota Motor began work Friday on an auto assembly plant in Myanmar, becoming the sixth automaker to venture into production in a country seen as the last untapped growth market in Southeast Asia. The $52.6 million plant in the Thilawa Special Economic Zone outside Yangon will produce Hilux pickup trucks. It is slated to go online in February 2021. "Through local production, we'll supply high-quality vehicles in a timely manner," said Susumu Matsuda, deputy head of Toyota's China and Asia operations, at the groundbreaking ceremony. The move fills the last gap in Toyota's Southeast Asian production map and solidifies its position in a country of 50 million where auto manufacturing is just starting to take root. Suzuki, which found success as an early mover in India, and Hyundai Motor affiliate Kia Motors began making cars in Myanmar in 2013. Nissan Motor and Ford Motor followed later, and Hyundai started up an assembly plant here this past February..."

Creator/author: 

Yuichi Nitta

Source/publisher: 

"Nikkei Asian Review" (Japan)

Date of Publication: 

2019-11-02

Date of entry: 

2019-11-03

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, Japan

Language: 

English

Resource Type: 

text

Text quality: 

    • Good