[🇧🇩] Automobile Industry of Bangladesh including parts

[Bilal9]

CFMOTO officially launches their flagship 300 CC sport bike in Bangladesh​

A launch event titled “Ride the Future” was held in Dhaka today (19 December). Photo: Courtesy

A launch event titled “Ride the Future” was held in Dhaka today (19 December). Photo: Courtesy

CFMOTO, a globally renowned motorcycle brand, has officially launched their flagship sports bikes in the Bangladeshi market.

A launch event titled "Ride the Future" was held in Dhaka today (19 December), reads a press release.

CFMOTO introduced its flagship models: 250NK, 250SR, and 300SR, along with the newly added 150SC, 250CL-C, and 230 DUAL.

"New Grameen Motors Ltd is the local manufacturer of CFMOTO bikes. It has been manufacturing motorcycles at its Tk100 crore plant in Gazipur for more than a decade," CF Moto Bangladesh CEO Md Rezaul Karim told TBS.

Annual production capacity is over 12,000 units at present, he added.

The CFMOTO 300SR is engineered for speed enthusiasts with a 298cc engine that delivers enhanced power for both street rides and track conditions.

Equipped with dual-channel ABS for improved safety and control, this model features a sporty riding posture that caters to riders seeking a more aggressive riding style.

The bike is equipped with a single-cylinder, liquid-cooled EFI engine that produces 30 BHP of power and 27 Nm of torque. It features a state-of-the-art TFT display for enhanced functionality.

Additionally, the USD suspension ensures a thrilling riding experience. For riders who are passionate about speed and performance, the 300SR is an excellent choice.

 

[Bilal9]

Meghna Group (MGI) ventures into bus, truck tyres with Tk.1,300cr investment​

The company’s manufacturing facility spans approximately 65 bighas in Tangail’s Mirzapur, with an additional 5 bighas allocated for expanding production of tyres for large vehicles​

Infograph: TBS

Meghna Innova Rubber Company Ltd, a subsidiary of the Meghna Group, has commenced manufacturing tyres for buses and trucks with a Tk1,300 crore investment. This latest expansion positions Meghna, the country's largest bicycle exporter, to reduce reliance on imported bus and truck tyres, thereby saving valuable foreign currency.

"Since last month (October), we have started producing 15-inch to 20-inch bias ply tyres for trucks and buses. Our goal is to meet most of the demand for these tyres in Bangladesh within the next six months," Lutful Bari, chief operating officer of the Meghna Group, told TBS.

He added that 80% of the Tk1,300 crore investment has gone into machinery, creating employment for 300 people. By next year, total investment in bias ply tyres will rise to Tk2,100 crore, adding another 100 jobs.

The company's manufacturing facility spans approximately 65 bighas in Tangail's Mirzapur, with an additional 5 bighas allocated for expanding production of tyres for large vehicles.

Plans are underway to set up a new factory for radial tyres, scheduled for completion by 2026.

"In 2026, we will invest another Tk.1,000 crore in the production of radial tyres for trucks and buses," Bari said, noting the focus on adopting British standards and modern technology to ensure quality.

The locally produced tyres are expected to be more affordable than imported alternatives.

Meghna Innova Rubber Co. Ltd. has already established itself as a producer of tyres for bicycles, motorcycles, three-wheelers and rickshaws under the MTF brand. However, almost all bus and truck tyres in the market are currently imported, according to Lutful Bari.

Other notable players in this sector include Pran-RFL Group, Apex Husain Group, Rupsha Tyres and Chemicals Ltd and Alam Tyre.

Gazi Group, a former competitor in the production of bus and truck tyres, halted operations after a series of arson attacks on its factory in August and September.

Industry insiders estimate that Bangladesh's automotive tyre market is currently valued at around Tk5,000 crore, driven by the growing sales of commercial and passenger vehicles.

Challenges in agricultural tyre manufacturing

In addition to bias ply tyres, Meghna Group has ventured into agricultural tyre production, producing 28-inch tyres for tractors.

However, marketing these products has been hindered by value-added tax (VAT) policies that favor imports over domestically produced tyres.

"There is no VAT on tyres used in agricultural machinery imported into Bangladesh. However, we have to pay VAT on our finished product," Bari explained.

"We demand from the government that VAT be imposed on imported tyres or, alternatively, that VAT be exempted on locally produced agricultural tyres."

Agriculture tyres, essential for tractors, currently receive VAT refunds when imported under specific HS codes.

To protect domestic industries, the Meghna Group has proposed imposing a 15% import duty and a 5% regulatory duty on imported tyres and tubes, along with an additional tax.

As the Meghna Group continues its expansion in tyre manufacturing, the company is pushing for policy reforms to ensure a level playing field for local producers.

With planned investments in radial tyre production and calls for government intervention to support domestic industries, the group aims to strengthen its position in Bangladesh's tyre market.

 

[Saif]

State-run Pragati begins making CERATO sedan cars

With a view to making cars more affordable for local consumers, Bangladesh has started marketing the world-class, brand-new sedan cars.

www.newagebd.net

State-run Pragati begins making CERATO sedan cars
Bangladesh Sangbad Sangstha . Dhaka 27 December, 2024, 22:55

With a view to making cars more affordable for local consumers, Bangladesh has started marketing the world-class, brand-new sedan cars.

To bring diversification to the automobile industry, the state-run top automobile company, Pragati Industries Limited, has started the assembling and marketing of the 1600 cc CERATO model brand new sedan cars with the most modern features of the world-famous Korean KIA vehicle, and the car is now available at the sales centre of the company.

The price of the car is fixed at Tk 45 lakh.

The information was formally disclosed at the 53rd annual meeting of the company held at the Bangladesh Steal and Engineering Corporation conference room at the city’s Kawran Bazar on Thursday with BSEC chairman and additional secretary M Maniruzzaman, also chairman of PIL, in the chair, said an official release on Friday.

Industries adviser Adilur Rahman Khan and senior industries secretary Zakia Sultana inaugurated the marketing of the sedan cars while visiting the new office and factory of the Pragati Industries Limited located in Chattogram on November 29.

Taking part in the annual meeting, PIL managing director M Abul Kalam Azad said that the Pragati was playing an important role in serving the country through marketing the vehicles in public and private sectors after assembling those automobiles.

Pragati Industries Limited has made significant profit this year amounting to Tk 72.62 crore, he said, adding that the company had also deposited Tk 168.89 crore to the state treasury.

Pragati board of directors and additional secretary M Shaminul Huq, additional secretary and transport commissioner M Abul Hasanat Humayun Kabir, additional secretary of the ministry of finance Mohammad Abu Yousuf, joint secretary and BSEC director (finance) M Osman Gani and joint secretary Farida Yasmin, among others, were present at the meeting.​