HomeMMBIZ NewsTaungoo Motorbike Market Surges as Gov’t Offers Licences

Taungoo Motorbike Market Surges as Gov’t Offers Licences

Motorbike market in Taungoo in Bago region has seen a surge in sales amid the authorities’ announcement that unlicensed motorbikes will be granted licence within 90 days, local market sources say.

The Department of Road Transport Authorities (RTA) under the Ministry of Transport in the last week of January announced that it will pardon unlicensed motorbikes by granting them licences to run legally across the country. In June 2012, RTA offered a similar deal to unlicensed motorbike owners.

The authorities started issuing motorbike licences on February 17 in Htantapin, Phyu, Kyauk Gyi, Yaytharshay and Oaktwin cities of Bago region.

“People are rushing to get a new motorbike as they know they can get a licence easily. About 50 to 100 bikes are getting sold every day,” a motorbike dealer in Taungoo city, said.

There are four big motorbike showrooms in Taungoo city while another 10 small shops deal with mostly Chinese- and Thai-made motorbikes. The sales of motorbikes are usually better during the rice and bean harvest season as the produce get transported via bikes to different parts of the region, dealers say.

Chinese motorbikes with 110cc capacity usually get sold for between K350,000 and K550,000 ($350-550) while those with 125cc capacity get between K450,000 and K600,000 ($450-600). Motorbikes imported from Thailand fetch between K800,000 and K1.4 million ($800-1,400), dealers say.

“Prices of motorbikes vary depending on the quality and foreign currency exchange rates,” motorbike dealer U Ohn Myint said.

According to RTA, the number of motor vehicles operating in Myanmar stood at 3.9 million as of September 2013, including 3.347 million motorcycles, 382,816 passenger cars, 102,537 trucks and 20,504 buses.

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