Price of newly introduced Suzuki Ertiga Hybrid may affect on Myanmar auto market

Suzuki’s newly introduced Ertiga Hybrid may have an impact on the car market depending on the price it will be officially released in Myanmar, said U Kyaw Swa Tun Myint, secretary of the Myanmar Automobile Manufacturers and Distributors Association (MAMDA).

Suzuki Myanmar has announced that the pre-tax and pre-license-fee price of the car is set at K 105 million, and details can be inquired at official showrooms.

“The Suzuki Ertiga was launched from the factory today (24 December). The price is affordable and reasonable, so I would like to thank and welcome Suzuki Myanmar. How it will affect the car market can only be determined after we know their sale price. It may have an impact on the car market,” he said.

If the Ertiga Hybrid model is sold at showrooms for more than K 100 million, high-trend domestic market may change to a lower one, but there won’t be any sharp rise or fall in car prices, he said.

In the current car market, transactions are normal, and cars that are priced above their fair price are being sold at a reduced price.

MT/ZN