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Toyota to set up Myanmar plant to assemble Hilux trucks

blank - Toyota to set up Myanmar plant to assemble Hilux trucks

TOKYO (Reuters) – Toyota Motor Corp described on Thursday it would launch a plant in Myanmar to manufacture Hilux pick out-up cars from 2021 as the Japanese automaker tactics to domestically assemble autos for the increasing nation in which need for autos has been soaring.

The freshly crafted plant in Thilawa Exclusive Economic Zone in the suburbs of Yangon will make about two,500 autos every and every single year employing the semi knock-down strategy, Toyota claimed in a statement.

In tapping Myanmar for localized car assembly, Toyota joins domestic rival Nissan Motor Co, which commenced output in the Asian nation in 2017.

Copyright Reuter

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