Nissan sets foot in Myanmar with the largest manufacturing plant
Nissan Motors has revealed their plans of setting up car production plant in India’s neighboring country, Myanmar. The announcement was made by none other than Carlos Ghosn, CEO, Nissan Motors. Nissan will start with production of Sunny sedan at the largest car manufacturing facility in Myanmar, in association with their Malaysian partner Tan Chong Motor Holdings Bhd.
Demand for cars in Myanmar has grown exponentially. More and more new manufacturers are eyeing to enter the growing country. The decision of Nissan Motors entering Myanmar comes after Suzuki Motor Corp resumed production of vehicles in Myanmar earlier this year. Ford Motor Co also opened their first showroom in the region in April and General Motors is also planning on opening its first Chevrolet showroom there later this year.
Speaking about the new car manufacturing plant, this is part of Nissan’s plan to strengthen its presence in emerging markets. Nissan will start with the production of Sunny sedan at the new plant. Once operational, the new plant will have a capacity to employ 300 workers. The annual capacity of the plant will stand at assembling 10,000 vehicles.
The company has been granted approvals by the Myanmar authorities to operate and setup new plant. As per ET, Mr Ghosn stated, “The move is a key milestone in our global growth plan. We are confident that Myanmar will be an important economic engine for the region and are committed to help develop its automotive industry.”