PACIFIC Alpine Co. Ltd., the sole domestic distributor of General Motors’ subsidiary Chevrolet – the newest American entrant into the market – announced that the company will sell Chevrolet’s hallmark Saloon sedan for 25 million kyat ($25,000) by the end of this year.
The company’s chief executive, Zaw Moe Khine, said that the Chevrolet showroom in Yangon should be finished December while a second showroom in Mandalay will be opened in 2014.
He added that the 25 million kyat pricing scheme includes custom duty and transport tax.
“We will start by selling 50 imported cars,” he told Mizzima. He added that Alpine later plans to sell medium-sized cars and pick-up trucks. All purchases will come with a two-year service plan.
GM exports some 4.5 million Chevrolets to 140 countries every year, according to company data, touting the car brand’s low fuel consumption.
South Korea’s Hyundai, Japan’s Mitsubishi and Germany’s Mercedes also plan to open showrooms within Myanmar – but have not yet set a time-frame for plans.