Suzuki Motor was forced to shut two plants in Myanmar to safeguard employees from the military coup on Feb 1, reports local media. Other Japanese auto companies were still assessing the situation.
Suzuki halted production entirely starting Monday afternoon in Yangon. Resumption date has not been decided or announced by the company. Suzuki has a 60pc market share in new cars sales in the Southeast Asian region.
Suzuki also had plans set to begin operations at a new factory in Myanmar by September. The plant would have an annual capacity to produce 40,000 units.
Myanmar’s State Counsellor Aung San Suu Kyi and President Win Myint, including other members of the ruling National League for Democracy (NLD) party were detained on Monday.