Tuesday, October 8, 2013
M'bishi Motors Taking New Trucks To Myanmar Market
TOKYO (Nikkei)--Mitsubishi Motors Corp. (7211) on Monday announced plans to begin sales of new vehicles in Myanmar.
Starting next January, the automaker will sell L200 pickup trucks made in Thailand. While Mitsubishi Motors already offers maintenance and repair services for used vehicles in Myanmar, this will mark its first time pushing new ones in the Southeast Asian nation.
The trucks will be sold in cooperation with two local firms that Mitsubishi Motors has partnered with in the maintenance and repair business, as well as Mitsubishi Corp. (8058). Sales targets have not been released.
Automobile demand is growing in Myanmar as economic development progresses. The country revised the tax regime for pickups in April and has eased import restrictions as well.
Mitsubishi Motors plans to gradually offer more models and will work with partners to set up dealerships and expand its service network.
(The Nikkei, Oct. 8 morning edition)