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More than 7,000 visitors expected at Myanauto 2015

More than 210 brands and companies from 22 countries will join the Myanauto 2015 this month, the third edition of Myanmar's biggest international automotive parts, accessories and servicing expo.

According to Soe Tun, president of the Myanmar Automobile Manufacturers and Distributors Association, the expo will provide an excellent opportunity for Myanmar businesspeople to see new products, build new partnerships and also explore investment opportunities.

"We are confident that many new business opportunities can be created over the three days at the event," he said

"This will be an important step towards further developments of the automotive and automotive aftermarket sector in Myanmar."

According to Darren Siow, project director of the expo's organiser AMB Events, mainly Asian countries will join this year's event including Singapore, China, Malaysia, Taiwan, India and Thailand.

He said there would also be representatives from the United States and Europe such as the United Kingdom and Germany.

"We expect more than 7,000 visitors," he said.

The event is slated for October 9-11 at Myanmar Event Park in Yangon.

Siow said the event would introduce many new products to the Myanmar market including tyres, wheels, lubricants, engine parts, brake pads, wipers, spark plugs, belts, clutch, exhaust, steering equipment, service equipment and car-care products.

He said the highlight would include a special motor showcase by Nissan with discounts for buyers who purchase a car at the event.

There will also be free technical seminars, which will discuss the latest products and technology in the automotive parts and accessories market, a free auto service demonstration and an education seminar for mechanics.

Free computerised car check-ups will also be available.

Myanmar's auto market has witnessed growth since the government allowed individuals to import vehicles in 2012.

At present, more than 350,000 passenger cars are registered in the country.

There are more than 180 vehicle showrooms in Myanmar, including some 50 that are not active. Each is allowed to import up to 200 cars annually.

Further expansion is expected in the industry.

In cooperation with Union of Myanmar Federation of Chamber of Commerce and Industry, Soe Tun said that his association had created the Myanmar Automobile Policy draft with input from local and foreign experts, importers and drivers in order to lay a foundation for the industry's development.

The draft is the outcome of nearly five months of discussions, and will be submitted to all concerned ministries and related departments next week, he said.

Soe Tun admitted that the political climate was influencing the industry.

Importers and automobile manufactures are still in a wait-and-see mode, as they are keeping an eye on the general elections set for November 8, he said.

He said they were also waiting for the implementation of new regulations that they hoped would bring clarity to the sector.

"Everyone is longing for an exact policy about imports of cars next year. But there is no official information on that yet - including the car-parking system," he said.