Suzuki Motor Corporation's subsidiary in Myanmar, Suzuki Thilawa Motor, will construct a new plant to weld, paint and assemble automobiles.

In line with market expansion in Myanmar, the new plant, scheduled to start operating in September 2021, will be constructed in an industrial park located in the Thilawa Special Economic Zone, southeast of Yangon. It will have an annual production capacity of 40,000 units.

Suzuki has a long history in Myanmar, beginning in 1998 with the establishment of a joint venture, starting local production of motorcycles and automobiles from 1999.

There are currently two plants in Myanmar producing four models: Carry, Ciaz, Ertiga, and Swift.

In 2019, Suzuki produced 13,300 units (up 125% year on year) and sold 13,206 units (up 128%) with a market share of 60.3%.

"With the construction of the new plant, Suzuki will meet the automobile market needs in Myanmar, which is projected to make further expansion," the automaker said in a statement.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.