Home MMBIZ News Ministry of Industry Plans to Sell Low-Cost Vehicles

Ministry of Industry Plans to Sell Low-Cost Vehicles

The Ministry of Industry will soon begin construction of low-cost vehicles which will be available for less than K6 million ($6,000), a source from the ministry revealed last week.

The source, who was speaking under anonymity, said that the ministry will cooperate with a local company to manufacture the cars, which will be mini saloon models, and that an announcement will be made this month regarding the partner company.

In Myanmar’s local car market, mini saloon cars are in high demand, but sources say that due to the government easing import regulations, the local car market has suffered and this new programme is part of an aimed to help develop the local car industry.

For the production of mini saloons manufacturer in Myanmar, car parts were in the past imported from China for sale in Myanmar.

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