IWATA, SHIZUOKA PREF. – Yamaha Motor Co. is planning to set up a motorcycle sales unit in Myanmar next year, President Hiroyuki Yanagi announced.
The company’s annual motorbike sales at present amount to just a few thousand units in Myanmar and are conducted through local agents, but Yamaha opened a representative office in Yangon this autumn and is looking to grow its local operations.
Yamaha “will advance to the next stage next year,” Yanagi said in a joint media interview Friday at the firm’s headquarters in Iwata, Shizuoka Prefecture.
Yanagi said there will be no need to build a plant in Myanmar for the time being, citing factors including the rapidly emerging country’s extremely low tariffs on imported motorcycles, which can be as little as 5 percent.