Japanese automaker Nissan to begin production in Myanmar: news report
AFPTOKYO--Japanese automaker Nissan plans to begin producing small cars and trucks in Myanmar with its Malaysian partner as early as this year, the Nikkei business daily reported Monday.
September 17, 2013, 12:08 am TWN
Nissan Motor and Malaysia's Tan Chong Motor Holdings Bhd will jointly produce several thousand small passenger cars and pickup trucks a year in the Southeast Asian country, the newspaper said without citing sources.
Myanmar has been experiencing sharp growth in demand for cars since it began taking steps toward democracy in 2011, and used Japanese models are especially popular there.
In a bid to tap the market, automakers have begun moving in, with Japan's Suzuki announcing the restart of production there earlier in the year and Ford saying it would open a showroom.
But Nissan would be the biggest carmaker so far to start production in the country, the Nikkei said, where huge import taxes and a U.S. investment ban aimed at the previous regime had meant vehicles were too expensive for most people.