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Automobiles

Race for Myanmar's auto market heats up as Toyota builds factory

Carmaker chases Suzuki, Ford and Hyundai in Southeast Asia's final frontier

Myanmar's auto market is growing, but local production is still getting off the ground.   © Kyodo

YANGON -- Toyota Motor began work on an auto assembly plant in Myanmar on Nov. 1, becoming the sixth automaker to venture into production in a country seen as the last untapped growth market in Southeast Asia.

The $52.6 million plant in the Thilawa Special Economic Zone outside Yangon will produce Hilux pickup trucks. It is slated to go online in February 2021.

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