Toyota’s move is aimed at tapping soaring demand for cars in Myanmar.
On Thursday, Toyota Motor Corp stated it would open a manufacturing facility in Myanmar which will produce Hilux pick-up trucks from 2021.
The automaker plans on assembling the trucks locally following soaring demand for cars in the emerging nation.
The newly built plant in Thilawa Special Economic Zone in the suburbs of Yangon will produce around 2,500 vehicles each year using the semi knock-down method, said Toyota in a statement.
Toyota’s move to localize assembly comes in the wake of Nissan Motor Co which began producing cars in Myanmar from 2017.