Toyota to set up new assembly plant in Myanmar

Toyota will produce the Hilux locally in the Thilawa Special Economic Zone, near Yangon city, from February 2021. Plans are to build around 2,500 unit per year deploying the SKD route.

Autocar Pro News Desk By Autocar Pro News Desk calendar 31 May 2019 Views icon15278 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Toyota Motor Corporation has announced plans to set up Toyota Myanmar Co., Ltd., (TMY) as its first vehicle production company in Myanmar where it will locally produce the Hilux SUV from February 2021.

Toyota currently sells the Hilux, Vios, Rush and other vehicles in Myanmar by relying on imports but will establish Toyota Myanmar in June 2019 and promote initiatives that will allow more customers to choose Toyota vehicles, in preparation for a market that promises to continue expanding steadily.

The automotive market in Myanmar, in accordance with the growth of the economy, saw sales grow to 18,000 units in CY2018 , a 100 percent jump on the previous year albeit on a low base.

Toyota plans to construct the new TMY plant in the Thilawa Special Economic Zone, situated in the southern suburbs of Yangon city, the country's largest metropolis. Investment is expected to be approximately US$ 52.6 million (Rs 392 crore). Toyota plans to hire around 130 new employees, and intends to build approximately 2,500 Hilux vehicles per year using the SKD (semi-knocked-down) method when operations begin in 2021.

Also read: Toyota Kirloskar Motor staffers do their bit for families impacted by Cyclone Fani
Denso explores buying Toyota Motor’s stake in Aisan

Norton Motorcycles launches 185bhp V4CR, first new model after TVS ownership

auther Autocar Pro News Desk calendar27 May 2023

The naked superbike café racer, which develops 185bhp and 125Nm of torque, is the first brand-new motorcycle produced by...

Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report

auther Autocar Pro News Desk calendar26 May 2023

In 2015, the auto company had admitted to making use of software to circumvent emissions requirements in around 11 milli...

Ford inks transaction with Tesla to get access to charging stations starting next year: Report

auther Autocar Pro News Desk calendar26 May 2023

Last year Tesla had announced that it would make available its charging design and network to other companies.