Suzuki Motor Corporation has confirmed plans to construct a new car manufacturing plant in Myanmar. The Japanese automaker's subsidiary for production and sales of automobiles in Myanmar, Suzuki Thilawa Motor Co, will construct a new plant, which will conduct welding, painting, and assembly of automobiles. The investment in the plant, spread across 200,000 square metres, is in the region of 12 billion Japanese yen (Rs 828 crore)
In line with the expansion of market in Myanmar, the new plant, which is scheduled to start operating from September 2021, will be constructed in an industrial park located in the Thilawa Special Economic Zone, southeast of Yangon. It will have an annual production ability of 40,000 units.
Suzuki' entered the Myanmar two decades ago in 1998 with a joint venture, starting local production of motorcycles and automobiles from 1999. There are currently two plants in Myanmar that produce a total of four models: Carry, Ciaz, Ertiga, and Swift. In 2019, Suzuki produced 13,300 units (125% year-on-year) and sold 13,206 units (128% year-on-year) with a market share of 60.3%.