Three renowned auto companies
— Nissan, Suzuki and Ford — will
open car factories in the Yangon
Region, said an official from the
Myanmar Automobile Manufacturers
and Distributors Association.
Nissan Car Company is slated to open its factory in May, leasing an acre of land in Hlaignthaya Township in Yangon Region while Suzuki Car Company will manufacture auto parts in an old factory owned by the Ministry of Industry, located in South Dagon. Ford Motor Company, based in the US, is reportedly building a factory in East Dagon slated to open in May.
All these three car companies have already received permits to open factories and manufacture auto parts. They will initially produce auto parts and proceed to the manufacturing of entire cars later on, it is learnt.
These brands are already popular in the Yangon auto market. Car parts were previously imported from abroad at a high price. When car parts can be locally manufactured, customers can purchase them at a reasonable price.