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MYANMAR: Ban on Used Vehicle Imports Set to Boost Domestic Automotive Industry

Vehicle imports to the country are now restricted to right-hand drive models manufactured post-2015. While the move has been seen as a blow to Myanmar’s second-hand car market, it is expected to provide a boost to its fledgling domestic vehicle manufacturing sector.

Previously, the pre-owned vehicle sector was dominated by right-hand drive cars imported from Japan. Their abrupt disappearance from the market has already spurred a number of overseas investors – most notably Suzuki, the Japanese automotive giant – into establishing vehicle manufacturing plants in the country. The development of such facilities, however, will clearly be hampered by Myanmar’s almost complete lack of auto component manufacturers, a shortfall likely to be made up by higher levels of auto parts and accessories imports for the foreseeable future.

Content provided by Picture: HKTDC Research
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