[🇧🇩] Automobile Industry of Bangladesh including parts

[Saif]

Date of Event: Dec 26, 2024

Automotive Automobile Industry of Bangladesh

Introduction The automotive automobile industry in Bangladesh has experienced significant growth and transformation over the years. As one of the emerging economies in South Asia, Bangladesh has made considerable strides in its efforts to develop a thriving automotive sector.

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Introduction

The automotive automobile industry in Bangladesh has experienced significant growth and transformation over the years. As one of the emerging economies in South Asia, Bangladesh has made considerable strides in its efforts to develop a thriving automotive sector. This article explores the economic dynamics of the automotive automobile industry in Bangladesh, shedding light on its evolution, challenges, and prospects.

Historical Background

The history of the automotive automobile industry in Bangladesh is a journey that spans several decades, marked by growth and evolution. The industry's roots can be traced back to the early 1980s when the government of Bangladesh initiated efforts to develop a domestic automotive manufacturing sector.

In 1982, a significant milestone was achieved when the first locally assembled car, a Mazda 323, rolled off the production line in the country. This marked the beginning of the domestic automotive manufacturing industry in Bangladesh. As the first locally produced car, it symbolized the country's ambition to establish a self-sufficient automotive sector.

Over the years, the industry gradually expanded, with various manufacturers entering the market and setting up assembly plants. These manufacturers included renowned international companies like Toyota, Honda, and Suzuki, among others. Their presence in Bangladesh signaled growing foreign direct investment and expertise in the automotive sector.

The early years were characterized by limited domestic production capacity, focusing on the assembly and manufacturing of components like tires, batteries, and some body parts. However, as the industry matured, efforts were made to increase the localization of parts and components, reducing reliance on imports.

The automotive automobile industry played a significant role in generating employment opportunities and attracting skilled and unskilled labor. It also increased economic growth by increasing industrial output and enhancing transportation services. The government's support and encouragement of the industry's development further reinforced its role in the country's economic landscape.

As the industry continued to evolve and adapt to changing market dynamics, it faced various challenges and opportunities, ultimately shaping the automotive landscape in Bangladesh. The historical background of the automotive automobile industry in Bangladesh reflects a journey of growth, challenges, and aspirations, laying the foundation for the industry's role in the nation's economic development.

Economic Significance

The automotive industry in Bangladesh has emerged as a crucial economic sector with significant contributions to the country's economy. This significance can be analyzed from various perspectives.

Employment Generation

The industry has been instrumental in generating employment opportunities. A wide range of skilled and unskilled labor is required for manufacturing, assembly, sales, and after-sales services. This provides a livelihood for many individuals and contributes to poverty reduction.

Economic Growth

The growth of the automotive industry contributes directly to the country's economic development. This is evident through increased industrial output, enhanced infrastructure, and better logistics and transportation services.

Revenue Generation

The government collects revenue through taxes, duties, and other fees from the automotive industry. As the sector grows, the revenue generated contributes to public funds, which can be utilized for various developmental projects.

Foreign Direct Investment (FDI)

Bangladesh has also attracted foreign direct investment in the automotive sector. International automakers and manufacturers have set up plants in the country, bringing in capital and expertise. This not only boosts the industry but also the country's image as an investment destination.

Challenges Faced by the Automotive Industry

The automotive automobile industry of Bangladesh faces a number of challenges, including:

High import duties on vehicles: Import duties on vehicles in Bangladesh are still relatively high, which makes vehicles less affordable for consumers. The high import duties also make it difficult for domestic automakers to compete with imported vehicles.

Lack of infrastructure: Bangladesh's road infrastructure is still lacking in some areas, making it difficult to transport vehicles. The lack of infrastructure makes it difficult for automakers to establish and operate assembly plants.

Limited skills and expertise: The automotive industry of Bangladesh is still relatively new, and there is a shortage of skilled and experienced workers. This shortage of skills and expertise makes it difficult for automakers to produce high-quality vehicles.

Lack of research and development: Bangladesh invests very little in research and development (R&D) for the automotive industry. This lack of R&D makes it difficult for domestic automakers to develop new and innovative vehicles.

Lack of backward linkages: The automotive industry of Bangladesh has very few backward links, meaning that most of the components used in vehicles are imported. This lack of backward linkages makes the automotive industry more vulnerable to external shocks, such as fluctuations in the prices of imported components.

In addition to the challenges listed above, the automotive industry of Bangladesh is also facing a number of emerging challenges, such as:

The rise of electric vehicles: The rise of electric vehicles is a significant challenge for the automotive industry of Bangladesh, as the country currently has very little infrastructure to support electric vehicles.

The COVID-19 pandemic: The COVID-19 pandemic has had a significant impact on the automotive industry of Bangladesh, as it has led to a decline in demand for vehicles.

Here are some specific recommendations for how to address the challenges faced by the automotive industry of Bangladesh:

The government should reduce import duties on vehicles and components. This will make vehicles more affordable for consumers and help domestic automakers to compete with imported vehicles.

The government should invest in improving the country's road infrastructure. This will make it easier to transport vehicles and encourage automakers to establish assembly plants in Bangladesh.

The government and the private sector should invest in training programs to develop the skills and expertise needed to support the growth of the automotive industry. This will help domestic automakers to produce high-quality vehicles.

The government should increase investment in R&D for the automotive industry. This will help domestic automakers to develop new and innovative vehicles.

The government should work with the private sector to develop backward linkages for the automotive industry. This will make the automotive industry less vulnerable to external shocks.

The government should develop a policy framework to support the adoption of electric vehicles in Bangladesh. This will help to create demand for electric vehicles and encourage automakers to invest in the production of electric vehicles.

By taking these steps, the government of Bangladesh and the private sector can help to overcome the challenges faced by the automotive industry and support it.

Prospects for the Future

Bangladesh's automotive automobile industry is still in its early stages of development, but it has the potential to grow rapidly in the coming years. The country has a growing population, a rising middle class, and a rapidly developing economy. These factors are all driving up demand for vehicles.

In addition, the government of Bangladesh is supportive of the automotive industry and has taken steps to promote its growth. For example, the government has reduced import tariffs on vehicles and components, and it has established a number of incentives for automakers to invest in Bangladesh.

Overall, the prospects for the future of the automotive automobile industry of Bangladesh are positive. The country has a growing population, a rising middle class, and a rapidly developing economy. These factors are all driving up demand for vehicles. The government of Bangladesh is also supportive of the automotive industry and has taken steps to promote its growth.

Conclusion

The automotive automobile industry in Bangladesh has come a long way since its inception in the early 1980s. It has significantly contributed to the country's economy, generating employment, revenue, and foreign investment. While it faces challenges related to infrastructure, regulatory environment, and environmental concerns, there are promising prospects for the future. With a growing middle class, government support, and the potential to tap into regional and global markets, the industry is poised for further growth and transformation.

The future of the automotive industry in Bangladesh depends on the ability to address these challenges effectively and harness the opportunities that lie ahead. As the sector continues to evolve, it will play a pivotal role in the economic development of the nation.

 

[Saif]

Country’s first electric vehicle manufacturing plant underway in Chattogram

Bangladesh is propelling itself into the future of sustainable transportation with a colossal investment in electric vehicle manufacturing. According to reports, Bangladesh Auto Industries Limited is investing Tk 1440 crore to build the country's first electric car factory. Located in...

www.thedailystar.net

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Country’s first electric vehicle manufacturing plant underway in Chattogram​

The plant is set to roll out its first cars by March next year.

Bangladesh is propelling itself into the future of sustainable transportation with a colossal investment in electric vehicle manufacturing.

According to reports, Bangladesh Auto Industries Limited, a subsidiary of Mango Teleservices, is investing Tk 1440 crore to build the country's first electric car factory. Located in Bangabandhu Shilpa Nagar Economic Zone in Mirsarai, Chattogram, the plant is set to roll out its first cars by March next year. Mir Masud Kabir, the Founder and Managing Director of Mango Teleservices Ltd, confirmed the news to The Daily Star.

Ten banks have joined forces to contribute Tk 790 crore towards the construction of the factory, forming two alliances for this financial endeavour. The rest of the capital is being provided by entrepreneurs. This groundbreaking initiative has completed its infrastructure phase, and machinery installations are now underway on the 100-acre plot.

Approximately 75 percent of the total investment will go into the manufacturing of the main structure (body), battery, motor, and charger. The remaining 25 percent will be allocated to the import of interior design elements. The main body of various vehicle types, including sedans, SUVs, and buses, will be manufactured at this facility. Agrani Bank leads an alliance of state-owned and private sector banks contributing Tk 240 crore towards the factory's construction.

In addition to the main plant, a separate factory named Bangladesh Lithium Battery Limited will produce lithium batteries, state reports. These batteries will not only be utilised in the electric vehicles but also in other sectors such as solar energy, data centres, and UPS systems. This factory is part of the ambitious Bangladesh Auto Industries initiative and has an allocated budget of Tk 750 crore. Another factory, Mango Technologies Limited, is set to produce the motor control and charging systems at a cost of Tk 140 crore. According to reports, machinery for this factory is being imported via the private sector Mutual Trust Bank.

The manufacturing plants are expected to provide direct employment to approximately 1500 people initially, with plans to expand the workforce to 5000 as production scales up. The company aims to produce 60,000 2-wheelers, 40,000 3-wheelers, and 30,000 4-wheelers annually. Entrepreneurs behind the project express that the vehicles will be marketed under Bangladesh's own brand. Plans also include the introduction of charging facilities at petrol stations across the country.

Reports state that the vehicles will be designed to provide maximum comfort to users. While the interior design will be imported, the company aims to manufacture world-class vehicles by incorporating these

 

[Saif]

Audi launches its electric SUV in Bangladesh

Audi has launched its electric SUV, the e-tron, in the Bangladesh market. The vehicle was unveiled on January 21, at the Audi showroom in the capital's Tejgaon area.

www.thedailystar.net

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Audi launches its electric SUV in Bangladesh​

Audi has launched its electric SUV, the e-tron, in the Bangladesh market. The vehicle was unveiled on January 21, at the Audi showroom in the capital's Tejgaon area.

With this move, Audi Bangladesh became the first automotive brand in Bangladesh to officially launch Battery Electric Vehicles (BEV) and the first manufacturer to officially register electric vehicles under EV category with Bangladesh Road Transport Authority (BRTA).

The standard features on the Audi e-tron include Matrix LED Headlights, Adaptive Air Suspension, Virtual Cockpit Plus, 20' Audi Alloy Wheels, Privacy Glass, Panoramic Glass Sunroof, 4 Zone climate change Control A/C, Leather seats, 3600 Surround View Camera and more.

The Audi e-tron will be available in Bangladesh from Audi Bangladesh - Progress Motors Imports Limited (PMIL), the authorised representative of the Audi brand in Bangladesh. The vehicle will be sold through its dealership Audi Dhaka in Tejgaon starting at BDT 1.59 cr.

PMIL will also be proving full after sales support through their fully functional state of the art service center and fast charging hub with Audi certified Service Advisors and High Voltage Master Technicians. The Audi e-tron will have 8 years battery warranty and 2 years manufacturer warranty with the option of 5 years extended warranty.

 

[Saif]

Palki: An affordable locally assembled Electric Vehicle on its way

In today’s world, many countries are now changing lanes and embracing electric vehicles (EVs). In the past decade, we have seen a tectonic shift in the automotive industry - we have seen brands like Tesla, Rivian and NIO take off. We have also seen conventional automakers like Volvo, GM, Nissan...

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Palki: An affordable locally assembled Electric Vehicle on its way

In today's world, many countries are now changing lanes and embracing electric vehicles (EVs). In the past decade, we have seen a tectonic shift in the automotive industry - we have seen brands like Tesla, Rivian and NIO take off. We have also seen conventional automakers like Volvo, GM, Nissan and Ford fast-track their EV product line. Globally, electric vehicle sales figures have soared to a record high. Countries like Norway, Germany and Netherlands have adopted electric vehicles swiftly. Even in China, the electric car market own consists of 28% now, which is a massive pie compared to just five years back.

In Bangladesh, where the automotive assembly industry is in its infancy, a local startup wants to change the scene. Challenging the status quo, Palki Motors, a homegrown startup, is planning to launch their very own locally assembled electric vehicle.

Palki's flagship product is a four-door & four-wheel battery-swappable electric vehicle. The startup is on the verge of accepting pre-orders for their vehicles. Starting at a price Tk. 4.99 lakh, Palki has already generated quite a buzz amongst people seeking an affordable mode of transportation especially out of the capital.

According to Mustafa Al Momin, Co-founder & CEO of Palki Motors, Palki has already gotten 600+ signups for their first car.

Palki is right now undergoing assembly of their prototype vehicles which are based and modelled after generic Chinese electric vehicles. Palki Motors have already established an assembly shed in Sector 12 of Uttara and are nearly a couple of weeks away from a fully locally assembled prototype. Momin informed that 40% of the parts are made in Bangladesh while the rest of them are being imported from China and Taiwan for local assembly.

When asked how he got the idea of coming up with this venture, Momin, a Grameenphone Accelerator Graduate, explained that it all started when he was looking for a reasonably cheap second-hand car. "Being an electrical engineer and an entrepreneur, I felt this was a huge addressable market. As electric vehicles do not need an engine, which is the most complex bit in any vehicle, it would be much more cost-effective and efficient to assemble an electric vehicle locally", Momin exclaimed. Momin previously worked with the BRAC University in 2013 as a student on their electric car project. After post-graduation in electrical engineering from the US, he came back and started working on CWork, a startup hatched out of Grameenphone's accelerator program. But due to the Covid-19 pandemic, Momin could not make it sustainable and hence had to close it down. Nonetheless, he is optimistic that his locally electric vehicles will be able to take off as Bangladesh has a huge untapped market for cost-efficient electric swappable battery-based vehicles. In this particular business model, electric vehicles, instead of charging, will swap a drained battery, with a new one. Momin and his team believes, with enough active sign-ups, this model will catch on peripheries where improperly engineered vehicles are already running.

Palki comes with a 60V 100Ah lead acid battery which offers a driving range of up to 150 kilometres on a single charge. To fully charge its battery array, it takes around 6-8 hours. The service life of the lead acid battery is expected to be around 36,000+ kilometres. Meaning, with the changing of the battery, it will cost around Tk. 1.73 per kilometre, claimed Momin.

He also said that as in Bangladesh vehicles are heavily taxed and soaring fuel prices are impacting the transportation industry, a good alternative would be locally assembled electric vehicles.

So far Momin and his co-founders have invested around Tk. 26 lakhs in this project and expect to deliver the first finished product by this year. When asked whether this car would be street-legal, Momin informed that currently, Palki's electric vehicles are undergoing testing at Bangladesh Roads & Transportation Authority (BRTA) and Bangladesh University of Engineering Technology. Palkhi has already met more than 40% of the local standards, according to Momin. As the output of the motor of the electric vehicle is relatively low and the high speed of the vehicle is under 60 km/h, regulations are relatively lax.

Once Palki gets the necessary approval, the venture plans to start delivering the first batch by the end of January 2023. The estimated time to deliver a single vehicle after pre-order is around 50-60 days. To pre-order, one must pay 10% of the price. Palki and its team expect their vehicles will be able to make a significant impact in Bangladesh's transportation industry.

 

[Bilal9]

How Mulytic is elevating Bangladesh’s global presence in smart technology​

Based in Munich, Germany, this cutting-edge data energy company is revolutionising various industries through collaborations with top-tier companies such as Renault, Hermes, DHL, Mercedes Benz Energy and more​

The Bangladeshi team behind Mulytic primarily consists of fresh graduates from disciplines such as Computer Science and Engineering (CSE), Mathematics and Statistics. PHOTO: COURTESY

On 22 December 2023, Bangladesh entered a new era of transportation infrastructure, as an electric vehicle (EV) charging station was inaugurated in Jashore's Khoyertala, the first of its kind outside Dhaka.

Mulytic, in collaboration with West Zone Power Distribution Company Limited, played a pivotal role in making this possible.
However, this is just the beginning, says Dr Rubaiyat Islam Sadat, the co-founder and CEO of Mulytic.

The station in Jashore has been launched on a pilot basis, to establish thousands of charging stations all across the country in the coming years.

"Because our discernable endgame is to enhance energy consumption efficiency through the intelligent application of technology," shared Sadat during a recent conversation with The Business Standard.

Mulytic's AI-powered EV Charger, made with German technology, is reducing automobile charging expenses by up to 20%, while preventing pollution of the environment.

However, introducing smart charging solutions for EVs is merely a small part of a long list of initiatives that Mulytic, with Sadat at the helm, is undertaking.

Based in Munich, Germany, this cutting-edge data energy company is revolutionising various industries through collaborations with top-tier companies in mobility (such as Daimler, Renault, Audi), logistics (including Hermes, DHL), and energy (like Mercedes Benz Energy), along with their spin-offs.

Dr Rubaiyat Islam Sadat, co-founder and CEO, Mulytic.

"We provide innovative big data analytics solutions to the world's largest automotive companies," said Sadat, adding that the company now operates in two divisions – Labs and Energy.

Currently, it is also working with the German National Grid on a large-scale electrification project.

Essentially, it offers its clients a broad array of services, including natural language processing, predictive analytics, cybersecurity, centralised logging mechanisms, cloud computing and web and mobile app development.

And by dint of acquiring a strong reputation within a very short time, Mulytic has turned out to be quite a profitable venture ever since beginning its journey back in December 2016.

Sadat mentioned that when he founded Mulytic, he initially invested around one crore takas. Today, the company generates approximately one million Euros in annual revenue.

In the beginning, it operated entirely remotely, with all operations hosted in the IT cloud. However, it soon expanded its operations by opening a strategic business unit in New York.

Within its leadership ranks, Mulytics has a couple of other Bangladeshis. For instance, its co-founder and managing director is Rahat Ahmed, while the head of marketing is Jawad Ramee.

In addition to financial gains, Mulytic is also putting Bangladesh on the world map, as it now has its Offshore Development and Operations Hub right here in Dhaka. "We run our operations in Bangladesh around the clock, 24/7, to cater to all our clients' needs," said Sadat.

Right now, there are around 25 young employees in the Bangladesh-based research development and operations team. The youth team primarily consists of fresh graduates from disciplines such as Computer Science and Engineering (CSE), Mathematics and Statistics.

"Data analytics is all about maths. The stronger your mathematical skills, the more effectively you can utilise analytical tools," Sadat said.

Additionally, Mulytics is committed to creating a convergence between the developed and developing worlds, with Bangladesh as its primary focus. "Because we believe that aiding the people of Bangladesh means aiding the world," Sadat remarked.

Currently, it has an ongoing programme called Bright, which is "about assessing, guiding and mentoring young Bangladeshi people in the ways of the global technology business."

Photo: Courtesy

Simply put, the 16-week long internship-like programme is tailored for new technologists to explore their skills and gain insights into the industry. After the programme concludes, successful interns are given the option to either continue with the company or pursue new career opportunities elsewhere.

Mulytic also conducts an annual programme called Project Athena in Bangladesh, designed specifically for young women to empower them towards successful careers in technology.

Through this initiative, Mulytic develops hands-on training programmes and fosters growth opportunities for women who are either just starting out or seeking to advance their careers in technology.

According to Sadat, Project Athena has already produced many highly talented women who have succeeded in many diverse industries.

"Drawing inspiration from and naming it after the Greek goddess of wisdom, war and crafts, we aimed to create a platform for women to excel in the technology sector," Sadat said.

"And now, we can proudly say that there are women in leading positions within the research development and operations team," Sadat added.

On the personal front, Sadat graduated in CSE from Buet in 2008.

He pursued his first Master's degree in Bioinformatics from the University of Trento in Italy, followed by a second Master's degree in Embedded Systems from RWTH Aachen University in Germany.

He earned his PhD in Embedded Systems from the University of Siegen in Germany. Additionally, he attended Cambridge Judge Business School for another Master's degree and is currently pursuing an MBA from Harvard Business School.

Apart from several stints, including serving as a consultant for the EU Commission and as a Chief Technology Officer (CTO) at Volkswagen, Sadat has also contributed as a pro bono national consultant expert in automotive and energy for A2i, as well as the reviewer of AI Strategy in Bangladesh.

Under his leadership, Mulytic won the "Best Energy Focused Web and Mobile App Development Company of 2021" by BUILD.

A father of two children, a boy and a girl, Sadat named the first part (Mu) of his company after his son Muaaz, while the remaining part (lytic) came from the word "analytic." A man completely devoted to his family, Sadat credits much of his success in life to his wife Mouree, and states that "all of what I do is for my family."

But at the back of his mind, he also harbours "the desire to create new opportunities for the people of Bangladesh and drive the nation to greater heights."

 

[Saif]

Maiden electric vehicle plant in Chattogram at Tk 14b investment

The EV manufacturing plant is under construction in Chattogram, with an investment of Tk 14.4 billion.

en.prothomalo.com

Maiden electric vehicle plant in Chattogram at Tk 14b investment

The country’s very first electric vehicle (EV) manufacturing plant is under construction in Chattogram, with an investment of Tk 14.4 billion.

The Bangladesh Auto Industries Limited (BAIL) is implementing the project in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, and planning to launch the locally produced electric vehicles in the market by next March.

Of the investment, an amount of Tk 7.9 billion is funded by ten banks, while the remaining fund will come from private entrepreneurs. The authorities have already completed the factory construction works on a portion of 100 acres of land in the BSMSN economic zone and are now installing the machinery.


The factory will manufacture key components of electric vehicles, including the main body, battery, motor, and charger. The productions will account for approximately 75 per cent of the total investment, while the remaining 25 per cent will be spent to import the interior designs.

The vehicles will go through rigorous testing before being released to the market. There is a plan to add charging facilities to petrol pumps across the country.

The BAIL is a subsidiary of Mango Teleservices. Its chairman A Mannan Khan, who has been running the technology business for 30 years, said it is a global trend that the tech companies spearhead EV manufacturing industries and they followed the suit.

It is the time to manufacture eco-friendly vehicles in the country. The space for conventional automotive industry is shrinking and, at the same time, being replaced by electric vehicles, he added.


Big investments in three factories

The total fund will be divided among three factories, each responsible for manufacturing different components of the electric vehicles. With an investment of Tk 5.5 billion, the BAIL will produce the main body of the vehicles, including sedans, SUVs, microbuses, trucks, covered vans, and buses. A consortium of banks, including Agrani Bank, BDBL, BIFFL, Islami Bank, and First Security Islami Bank, will contribute Tk 2.4 billion to the venture.

When contacted, the managing director (MD) of Agrani Bank did not make any comments over the investment.

Islami Bank MD Mohammed Monirul Moula said cost-effective electric vehicles are gaining popularity globally. “We got engaged in the project in the consideration of the country’s betterment. We intend to participate in more projects that fall into the line.”

Apart from that, the lithium batteries will be produced in the factory of Bangladesh Lithium Battery Limited, a subsidiary of BAIL. The batteries will be used in electric vehicles consisting of two, three, or four wheels, in addition to some other machinery.

The factory will cost Tk 7.5 billion to be constructed, where Tk 5.5 billion will be funded by different banks. The Eastern Bank has reached a consensus with the BDBL, Sonali Bank, Rupali Bank and Mercantile Bank to collectively provide Tk 3.5 billion as the first installment of the Tk 5.5 billion fund, with the remaining Tk 2 billion planned for the second installment.

The managing director of Rupali Bank, Mohammad Jahangir, said, “We have been with the project due to its unique and promising aspect. We hope Bangladesh will enter the era of eco-friendly electric vehicles thanks to the project.”

The remaining parts, including motors, motor controlling and charging systems, will be produced in a factory of Mango Technologies Limited. The entrepreneurs are investing Tk 1.4 billion to set up a factory in this regard.

And, the interior designs will be imported through the Mutual Trust Bank.

A Mannan Khan, an entrepreneur, said the good banks express interest in this type of projects across the world and the situation here is nothing different.

He disclosed that equipment for the projects has already been imported, and installation is set to commence in October, while the trial run is scheduled for January. They are planning to launch the vehicles in the market next March.


How will the EVs cost?

The electric cars will be branded as a locally manufactured product. The BAIL will have an annual manufacturing capacity of 60,000 2-wheelers, 40,000 3-wheelers, and 30,000 4-wheelers.

The project will create employment opportunities for around 1,500 people, with the potential for further expansion that could employ up to 5,000 people at a time.

The vehicles are designed with user comfort in mind, featuring modern facilities. There will be inside charging and Wi-Fi facilities, allowing passengers to conduct business or work while on the move.

The price will vary based on the vehicles’ charging capacity and range. A sedan car with a 250 km single-charge range will cost Tk 1.2 to 1.3 million, while that of 350 km single-charge range will cost Tk 1.6 to 1.7 million.

The price of a SUV or Jeep with a 350 km single-charge range will be Tk 2.3 to 2.5 million, while that of 400 km single-charge range is Tk 2.8 to 3 million.

A seven-seater microbus with a 250 km single-charge range will cost Tk 2 to 2.2 million and that of 350-km charge range will cost Tk 2.5 to 2.6 million.

Besides, a three-wheeler will be priced at Tk 400,000 to 500,000, while the prices of covered vans, trucks, and buses will range from Tk 1.5 to 3 million.

 

[Saif]

Bangladeshi entrepreneur is building Hyundai car at an affordable price.

 

[Saif]

Rancon teams up with Genex to set up 21 EV charging stations

Rancon Motors, the sole distributor of Mercedes-Benz in Bangladesh, has teamed up with Genex Infrastructure to set up electric vehicle (EV) charging stations around the country to provide charging facilities in the future.

www.thedailystar.net

Rancon teams up with Genex to set up 21 EV charging stations​

For 2024, Rho Motion forecasts global EV sales growth of between 25% and 30%. Image: Ernest Ojeh/ Unsplash.

Rancon Motors, the sole distributor of Mercedes-Benz in Bangladesh, has teamed up with Genex Infrastructure to set up electric vehicle (EV) charging stations around the country to provide charging facilities in the future.

Genex and Rancon are going to set up a total of 21 charging stations across the country before the launch of an EQ series of EVs of Mercedes-Benz for smooth operations and to ensure ease for customers.

"Initially, we will set up seven charging stations in Dhaka and 14 stations in important locations across the country by April 2024," said Chowdhury Md Nabil Hasan, head of marketing of Rancon Motors.

Charging stations are going to be set up as a preparation centring the launch of five different models of EVs of Mercedes-Benz by April, he said.

A memorandum of understanding (MoU) was signed between two entities at the Mercedes-Benz showroom in Rangs Babylonia Tower at the Tejgaon industrial area on February 12 to set up the charging stations.

Imran Zaman Khan, divisional director of Rancon Motors, Redwanul Zia, chief executive officer, Syed Shafiqul Hassan, chief operating officer at Genex Infrastructure, Mahmudul Hasan Lorance, deputy general manager (finance), Pallab Kumar Paul, senior manager (solution and R&D), and Ghalib Mohammad Karim, assistant manager (business engagement), were present.

According to Hasan, sales of EVs had started just recently in Bangladesh and till now around 80 units of EVs, including of brands Audi, Tesla and BMW, had been registered with Bangladesh Road Transport Authority (BRTA).

He said Rancon would be the third company to officially declare plans to establish charging stations at different parts of the country as they understand that gradually EVs would grab the automobile market of the country.

The EVs are the future of the market not only globally but also in Bangladesh as they do not require as much servicing as do fossil fuel-run vehicles, he said.

Besides, the import tax is only 90 percent for EVs while for fossil fuel-run ones it is 143 percent to 350 percent depending on the cubic capacity (cc) of the engine, said Hasan.

Regarding the charging stations, he said ultimately the EV charging stations would replace existing fuel refilling stations in the country.

"We will not charge our customers for around one year but customers of other vehicle brands can charge their cars at a reasonable cost," he noted.

According to him, all EVs vehicles from Mercedes-Benz have an advertised range of over 450 kilometres to 650 kilometres per charge.

For this, the 21 charging stations would cover premium hotels, tourist destinations, highway restaurants, shopping malls, and critical commercial areas, he said.

Through this move, Rancon Motors is reinforcing its commitment to environmental stewardship and bringing cutting-edge electric mobility to customers in Bangladesh, he said.

"We are all working together to achieve the goal of Smart Bangladesh," said Imran Zaman Khan.

"Our aim is to work towards increasing the penetration of electric vehicles in Bangladesh and ensure a seamless and convenient experience for our customers through charging stations," he said.

"As more people start using electric vehicles, the demand for charging stations will increase. Our skilled and dedicated team is ready to complete the project properly for a seamless customer experience," said Mahmudul Hasan Lorance.​

 

[Saif]

Chinese company BYD bringings electric cars to Bangladesh.

 

[Saif]

Electric vehicles are climate-friendly but not a cure-all solution

Electric vehicles (EVs) are considered climate-friendly alternatives to internal combustion engine (ICE) vehicles. EVs can limit ecological damage, reduce smog (mix of smoke and fog i.e., air pollution) and protect public health. Driving an EV (i.e., battery operated car i.e., BEV) off the current

thefinancialexpress.com.bd

Electric vehicles are climate-friendly but not a cure-all solution​

MOHAMMAD ABU YUSUF

Published :​

Feb 27, 2024 21:39

Updated :​

Feb 27, 2024 21:39

Electric vehicles (EVs) are considered climate-friendly alternatives to internal combustion engine (ICE) vehicles. EVs can limit ecological damage, reduce smog (mix of smoke and fog i.e., air pollution) and protect public health.

Driving an EV (i.e., battery operated car i.e., BEV) off the current grid is still much less polluting than driving an ICE vehicle. According to the modeling by the NRMA and PwC Australia, an average new ICE vehicle emits around 185 gCO2/km compared to an average new battery electric vehicle (BEV) which emits around 98 gCO2/km, if charged via the grid. ICE vehicles emit a range of particulates, contaminants, gases and a lot of heat as a result of the combustion process, whereas BEVs emit a little heat only. However, if EV battery is charged from "dirty" power sources, it would contribute to global warming.

Governments and automakers around the world have been promoting EVs as a key technology to curb oil use and fight climate change. However, an important but often ignored fact is that the climate mitigation benefits of BEVs are usually delayed.

EVS COST MORE BUT WITH UPFRONT SAVINGS: EVs generally cost more to buy than petrol and diesel vehicles. However, prices are falling as more players enter the market. Governments in countries offer incentives to help ensure the next car one buys is not a gas guzzler. The Australian government also offers a fringe benefits tax exemption if one buys an EV by salary sacrificing.

CHARGING OF EV IS CHEAPER: The cost of charging an EV is cheaper than filling a tank with petrol or diesel. For example, charging a 65kWh electric HundaiKona overnight cost about A$20 while the cost of filling the petrol tank is closer to A$90. Another cost saving comes from servicing. EV models do not need servicing as often because they do not have an engine, gearbox, spark plugs and exhaust systems.

Australians bought more than 87,000 EVs in 2023. Lack of public fast-charging infrastructure is often quoted to be a major barrier to electric vehicle uptake. It is reported that Electric vehicle charging sites will double in Australia over the coming year. The number of cars-charging stations surged by 90 per cent in Australia during 2023. Local firm Chargefox had installed the greatest number of electric chargers in Australia (The Guardian).

EVS ALSO PRODUCE EMISSIONS: EVs do not produce any tailpipe emissions. However, EV's lifecycle emissions may be considerable. Emissions produced during a vehicle's production, operation and disposal are often collectively called "lifecycle emissions". These include emissions produced during:

l the vehicle manufacturing process;

l to manufacture a vehicle and its battery (as is the case for all vehicles)

l to generate the electricity for an EV

l from tyre, brake and road wear (as is the case for all vehicles).

l the transport of the vehicle to its first point of sale

l generation of electricity

EVS ARE LESS EMITTING BUT THEY MAY ALSO CONTRIBUTE TO EMISSION: Most electric cars tend to produce significantly lower emissions than most cars operated with gasoline. Even though electric vehicles are more emission-intensive because of their batteries, their electric motors are more efficient than traditional vehicles run by fossil fuels. Experts largely agree that electric vehicles create a lower carbon footprint over the lifecycle than do traditional cars and trucks that use internal combustion engines. For this reason, the world has experienced a rapid growth of the EV market. As for instance, the EV stock reached 16.5 million worldwide, triple the amount in 2018. EV sales have grown significantly in recent years. In 2020, EV and hybrids constituted more than 10 per cent of total car sales. And there is a growing political and economic will to transition to EVs (UNFCCC, n.d.).

However, there is a misconception about EV. EVs are not emission free and by no means a silver bullet. Dr. Sergey Paltsev, an EV expert, believes the biggest misconception around EVs is the concept they are going to decarbonise transport. The notion of EVs as "zero emission vehicles" must be properly qualified due to the need to decarbonise electricity production (that EVs use) and account for emissions during mining of minerals and refining of rare metals needed for battery production, such as cobalt and lithium. For example, for every ton of extracted lithium, between 5 and 15 tonnes of carbon is created. Manufacturing batteries also results in long carbon journeys.

The level of emissions depends on where the electricity to charge electric vehicles comes from. EVs are only as green as the power grid they draw from. For example, if a person drives an EV in Norway, where most electricity is powered by near zero emission hydroelectricity, then the person is contributing much lower levels of CO2. But if the person drives the same car in China, where most electricity comes from coal-fired power plants, he may be contributing as much CO2 equivalent as that, of using two-thirds of a tank of petrol.

It is generally more expensive to charge an EV at a public charging station than at home. The full benefits of EVs are available when electricity sources become renewable (hydro, wind, solar, nuclear etc). An EV can produce zero emissions from vehicles if it uses 100 per cent renewable energy. However, it might take many years for that to happen. It is imperative that electric grids need to get much, much cleaner before electric vehicles are truly emission-free.

MAKING BUILDINGS 'EV-READY': EV charging is a high-power application. It impacts overall building power supply. Only the owner of the building can make strategic investment decisions for a commercial building. A tenant may initiate a request to the owner to provide EV charging. An owner may facilitate the tenant by providing with a few dedicated EV charging car spaces and expanding the number as demand increases (NSW Government 2023).

Buildings need to have features to accommodate EV charging. This is not even present in developed countries. Not many existing buildings in developed countries currently accommodate EV charging. Government department may develop helpful guidelines for making buildings EV-ready. This will help owners, managers, occupants and strata managers design, retrofit and wire 'EV readiness' into apartment and commercial buildings.

EVS ARE STILL ON THE WINNING SIDE: Compared to fossil fuel cars, electric cars use less energy and can charge from zero-carbon sources. The picture for electric cars will improve as power from the wind, hydro and the sun, replaces gas and oil, reducing carbon emissions from generating electricity. Lucien Mathieu, T&E's cars director, said that even if you choose a worst-case scenario - vehicles made and run with electricity largely from coal - the electric car will win out after about 70,000km (about six years of driving). "The more you drive an electric car, the better it gets" (The Guardian, 23 Dec, 2023). Further, battery development is still in relative infancy, and is likely that EV batteries will be developed further with new technology, resulting in lowering costs and putting the balance further in favour of EVs.

POLICY NOTES: Unlocking a lower interest rate to buy EV is another policy support. The Commonwealth Bank in Australia offers personal loan discounts for customers who show willingness to invest in an electric vehicle. The Commonwealth Bank's EV loan covers the cost of the vehicle, charging station and batteries.

It is hoped that as the numbers of EVs on the road increase, the infrastructure will also increase. The mass rollout of EVs depends on the availability of charging stations. The supply of charging stations on the other hand depends on expected demand for EVs. This chicken and egg problem may be solved with well-coordinated public policy.

Despite huge potential and increasing adoption, EVs will not be a magic bullet for sustainable transportation. Enhancing public transportation, land-use planning that encourages compact development, and reducing the use of private motorised transport by mode switching to walking, biking and public transport will be essential for a carbon free sustainable transportation. Not having an electric car is better for the environment if we can rely on public transport instead.

The respective authority/government body may consider forming a fund/needed policy supports to build fast-charging stations. Cutting taxes on EVs could be another option to encourage EV uptake.

Mohammad Abu Yusuf is Additional Secretary, Finance Division, Ministry of Finance, Government of Bangladesh.​

 

[Saif]

Proton X90 launched in BD; local production to begin by end-2024

Rancon and Proton Holdings have unveiled the Proton X90 hybrid vehicle in the Bangladesh market. In a launching ceremony today, Rancon and Proton also announced their joint plans to begin local manufacturing of Proton cars in Bangladesh by the end of this year.

www.thedailystar.net

Proton X90 launched in BD; local production to begin by end-2024​

Rancon aims to begin local production of Proton cars in Bangladesh with an investment of US$100 million.

Proton X90.

Rancon and Proton Holdings have unveiled the Proton X90 hybrid vehicle in the Bangladesh market. In a launching ceremony today, Rancon and Proton also announced their joint plans to begin local manufacturing of Proton cars in Bangladesh by the end of this year.

The Proton X90 is equipped with a 48V mild hybrid system and a 1.5L turbocharged engine developed in collaboration with Volvo.

The vehicle is offered in two variants: the 6-seater Flagship and the 7-seater Premium, priced at Taka 49.90 lakh and Taka 45.90 lakh respectively, and will be sold at Rancon's showrooms in Dhaka and Chattogram.

According to Dr Li Chunrong, CEO of Proton, Rancon will develop a sales and after-sales network and invest in a manufacturing facility for Proton vehicles in Bangladesh. "We aim to become a significant entity in the automotive market of Bangladesh with our future product lineup," said Dr Chunrong.

Romo Rouf Chowdhury, Group Managing Director of Rancon Holdings Limited, stated that an investment of US$100 million has ben made in Rancon's own industrial park, with plans to start local production of Proton vehicles by the end of 2024 to reduce retail prices.

According to a press handout, Rancon will provide a five-year warranty or 150,000 km coverage (whichever comes first), along with six free after-sales services. Additionally, Rancon assures authorised after-sales service and genuine spare parts availability through its service centres in Dhaka and Chattogram.
​

 

[Saif]

Electric vehicles etching their way into domestic automobile industry

The automobile industry of Bangladesh is seeing a notable shift towards electric vehicles (EVs) with BYD Auto Co Ltd, the world’s biggest EV maker, set to launch its Seal model on the domestic market.

www.thedailystar.net

Electric vehicles etching their way into domestic automobile industry​

The automobile industry of Bangladesh is seeing a notable shift towards electric vehicles (EVs) with BYD Auto Co Ltd, the world's biggest EV maker, set to launch its Seal model on the domestic market.

CG-Runner Bangladesh, an authorised distributor of BYD, will roll out the premium passenger sedan on March 2 and later introduce electric SUVs, buses, trucks and other vehicles produced by the Chinese automaker.

The BYD Seal is equipped with a battery capacity of 82.5 kilowatt hours and can travel 540 kilometres at full charge, which can be achieved in 40 minutes using its fast charging capability.

CG-Runner is a collaboration between Chowdhury Group, a leading conglomerate of Nepal, and Runner Group, a local company that pioneered two-wheeler and three-wheeler manufacturing in Bangladesh.

The company is also developing a nationwide charging network with the help of Genex Infrastructure Limited, with the two having signed a memorandum of understanding to this end on January 16.

Amid Shakif Khan, director of marketing at Runner Group, said they would launch the BYD Seal through a ceremony at the International Convention City Bashundhara in the capital's Purbachal.

"We will disclose the car's price at the event, where top officials of BYD and Chowdhury Group will be present," he added.

Khan also informed that the Atto-3, an SUV designed by the Chinese brand, will also be brought to Bangladesh within the next three months.

Khan said it was currently impossible to determine how much customers would have to spend on maintaining EVs considering the absence of a finalised government policy regarding EV registration and charging costs.

Currently, EV imports are taxed at 90 percent while other cars are taxed from 143-350 percent depending on the engine capacity.

However, industry people hope the government's objective to gradually phase out traditional fossil fuel-powered cars will help bring down such expenses through subsidies and incentives.

Khan added that they would eventually introduce budget-friendly models to cater to the mass market.

Shanat Datta, CFO of Runner Automobiles, said EVs are environmentally friendly as they reduce dependence on fossil fuels.

"There is an opportunity to speed up our industrial development, diversify exports and create more jobs by ensuring the research and development of the latest technologies, such as EVs," he added.
BYD is currently the world's leading manufacturer of new energy vehicles (NEVs), with the company's sales in the segment having increased 208.6 percent year-on-year to 1.863 million units in 2022.

In China, the term new energy vehicle (NEV) is used to designate automobiles that are fully or predominantly powered by electric energy.

Similarly, the automaker's NEV sales had edged up by 64.8 percent to 2.683 million units last year.

At present, BYD has operations in about 400 cities across 70 countries.

Now, the company is set to pioneer the NEV segment in Bangladesh with its highly integrated designs for the next generation of "pure" electric vehicles.

On October 8 last year, BYD organised a programme styled "BYD SEAL Asia Pacific Track Day" at the BYD Museum in Shenzhen, where they briefly explained why they are interested in entering Bangladesh.

Speaking at the event, Liu Xueliang, general manager of BYD's Asia Pacific Auto Sales Division, said there is a good scope for EV sales in Bangladesh.

This is because the 'Mujib Climate Prosperity Plan' aims to ensure that at least 30 percent of all cars in Bangladesh are battery-powered by 2030.

Besides, Bangladesh plans to reduce its carbon emissions by 15 percent by 2030.

Also, using EVs offers several benefits, including lower operating costs, reduced maintenance costs, and government incentives, Liu added.

According to data from the National Board of Revenue (NBR), about 8,650 cars were imported during the July-December period of the current fiscal year, with new cars making up just 1 percent of the imports.

About 80 percent of the imported cars are Toyota-branded while Honda and Nissan contribute 7 percent each. The remaining 6 percent is made up of models designed by Mitsubishi and other brands.

However, car importers say the demand for EVs is still low.

Only 14 electric vehicles, from brands such as Audi, Porsche, Morris Garages, BMW, Tesla, and Mercedes-Benz were imported in the last six months.

The NBR data also showed that a total of just 79 EVs have been imported since 2018.

Runner Group's Khan said EV sales would gradually increase in Bangladesh as the government is taking several initiatives to reduce fossil fuel consumption.

Apart from Chinese manufacturers, Indian companies are also entering the market with electric buses and mini-trucks. Overall, the electric car market will likely see significant growth in the days ahead, he added.​

 

[Saif]

Electric Vehicle Revolution In Bangladesh​

 

[Saif]

Pragoti to assemble and sell Kia sedan by this year

It signs deal with representative of Kia Corporation

www.thedailystar.net

Pragoti to assemble and sell Kia sedan by this year​

It signs deal with representative of Kia Corporation

State-run Pragoti Industries today signed a memorandum of understanding (MoU) with STX Corporation, an authorised representative of Kia Corporation of South Korea, to assemble and sell Cerato, one of Kia's sedans.

Currently, the 1600cc vehicle is available in the local market in the reconditioned format at around Tk 38 lakh.​

​

"By signing the MoU, Pragati will be able to supply brand new sedans at a reasonable price to buyers, including the government and private organisations, by December 2024," said Abul Kalam Azad, managing director of Pragoti Industries.

Signing the deal with Park Sang Joon, chief executive officer of STX Corporation, in Seoul, Azad said 200 units would primarily be assembled per year using existing facilities.

Referring to its market survey, he said Cerato would be preferred by Bangladeshi customers for its sunroof, 10-inch screen and latest safety features.

A concern of the Bangladesh Steel and Engineering Corporation (BSEC), Pragoti currently assembles sport utility vehicles, such as the Pajero Sport, active sport crossovers, and double-cabin pickups of the Japanese brand as well as buses designed by India's Tata.

For about a decade now, Pragati has been seeking approval to assemble sedans with engine capacities of within 1600cc to make the cars more affordable for local consumers.

The annual demand for sedans in Bangladesh currently stands at about 16,000 units, according to data of the Bangladesh Road Transport Authority.

Of the total demand, around 83 percent is met through reconditioned car imports from Japan.

This is because at present, only PHP Group, Fair Technology Group and Pragoti Industries are engaged in local assembly, said industry people.

Attending the signing ceremony as chief guest, Industries Minister Nurul Majid Mahmud Humayun said Pragati would be able to utilise its Chattogram factory's close proximity to Chattogram port.

"Sedan car assembling will start. Then manufacturing. Pragati will have its own brand," he said, calling upon Kia Corporation for technical assistance and investment.

Md Moniruzzaman, BSEC chairman, SM Alam, additional secretary to the industries ministry, Delwar Hossain, ambassador of Bangladesh to South Korea, Anisuzzaman Chowdhury, representative of Kia Bangladesh and executive director of Meghna Automobile, Sang Ho (Stevin) Park, managing director of STX Corporation, and Sang Nam Kim, mobility business division team leader, were present.​

 

[Saif]

Three Chinese automobile companies are aiming at investing in Bangladesh at the soonest. They are keen on joint venture in Bangladesh.

 

[Saif]

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thefinancialexpress.com.bd

মোটর শিল্পের বিকাশে সরকারের সহযোগিতা চায় ব্যবসায়ীরা
এফই অনলাইন ডেস্ক
Published :
May 09, 2024 21:53
Updated :
May 09, 2024 21:53

স্থানীয় বাজারে অটো মোবাইল শিল্পের বিশাল সম্ভাবনা বিদ্যমান। কিন্তু বিশাল এই বাজারের চাহিদা মেটাতে গাড়ি ও যন্ত্রপাতির অধিকাংশ নিয়ে আসতে হয় বিদেশ থেকে। এই শিল্পের বিকাশ ও স্থানীয় বাজার ধরার পাশাপাশি বিদেশে রপ্তানির সম্ভাবনা কাজে লাগাতে সরকারের সহযোগিতা চান এই খাতের সাথে সংশ্লিষ্ট ব্যবসায়ীরা। সরকারের নীতি সহায়তা পেলে দেশেই অটো মোবাইল প্রস্তুত ও উৎপাদন কার্যক্রম বিকশিত হবে বলে মনে করেন ব্যবসায়ীরা।

বৃহস্পতিবার সকালে এফবিসিসিআই কার্যালয়ে অনুষ্ঠিত অটোমোবাইল ম্যানুফ্যাকচারার্স এন্ড অ্যাসেম্বলারস্ বিষয়ক স্ট্যান্ডিং কমিটির প্রথম সভায় এসব বিষয় নিয়ে আলোচনা হয় বলে এক সংবাদ বিজ্ঞপ্তিতে জানানো হয়েছে।

সভায় প্রধান অতিথি হিসেবে (অনলাইনে) যুক্ত ছিলেন এফবিসিসিআই সভাপতি মাহবুবুল আলম। এতে সভাপতিত্ব করেন কমিটির চেয়ারম্যান এবং উত্তরা মটরস্ লিঃ এর চেয়ারম্যান এবং ব্যবস্থাপনা পরিচালক মতিউর রহমান।

প্রধান অতিথির বক্তব্যে এফবিসিসিআই সভাপতি মাহবুবুল আলম বলেন, আমাদের অর্থনীতি এখন অনেক বড়। অর্থনীতি বড় হওয়ার সাথে সাথে দেশে মোটর শিল্পের চাহিদাও অনেক বেড়েছে। এই সুযোগ কাজে লাগাতে সুনির্দিষ্ট পরিকল্পনা অনুযায়ী আগাতে হবে।

তিনি বলেন, স্মার্ট বাংলাদেশের দিকে আমরা এগিয়ে যাচ্ছি। ব্যবসায় অতীতেও যেমন চ্যালেঞ্জ ছিল, এখনো আছে এবং ভবিষ্যতেও থাকবে থাকবে। এর মধ্যেই বেসরকারি খাতের এগিয়ে নেওয়ার মাধ্যমে দেশের অর্থনীতিকে এগিয়ে নিতে হবে। এসময় লাইট ইঞ্জিনিয়ারিং এর বিকাশের উপরও জোর দেন তিনি।

অটোমোবাইল খাতে ম্যানুফ্যাকচারিং বা প্রস্তুতকরণে ব্যবসায়ীদের কাজ শুরু করার আহ্বান জানিয়ে এফবিসিসিআই্ সভাপতি বলেন, ব্যবসা চালাতে গাড়ি আমদানি করা হচ্ছে এবং হবেও। তবে আমদানি সারাজীবন নয়, এখন সময় হয়েছে আমরা গাড়ি প্রস্তুতকরণে দিকে মনোযোগী হওয়ার। এজন্য কাউকে না কাউকে কাজ শুরু করতে হবে। এসময় অটো মোবাইল উৎপাদনে বড় বড় শিল্প প্রতিষ্ঠানকে এগিয়ে আসার আহ্বান জানান তিনি।

কমিটির ডিরেক্টর ইন-চার্জ ও এফবিসিসিআই'র সাবেক সহ-সভাপতি মো. হাবীব উল্লাহ ডন বলেন, "দেশের জনসংখ্যা দিন দিন বাড়ছে। মানুষের ক্রয়ক্ষমতায় বাড়ছে। তবে জনসংখ্যার তুলনায় পর্যাপ্ত গণপরিবহন না থাকায় মানুষ ব্যক্তিগত গাড়ি কিনছে। এক্ষেত্রে রিকন্ডিশনড্ গাড়ি আমদানি দেশের অর্থনীতিকে বেগবান করছে। তবে আমদানির সাথে সাথে অ্যাসেম্বলিং এবং তারপর প্রস্তুতকরণে কাজ শুরু করতে হবে"।

উন্মুক্ত আলোচনায় অংশ নিয়ে ব্যবসায়ীরা দেশে অটোমোবাইল খাতের ভেন্ডর উন্নয়নে জোর দেন। তারা বলেন, অটোমোবাইল খাতের বিশাল বাজার রয়েছে সারাবিশ্বে। এসব বাজার ধরতে দেশে যন্ত্রপাতি তৈরিতে ভেন্ডর উন্নয়ন জরুরি। ভেন্ডর উন্নয়নে প্রণোদনাসহ লক্ষ্য নির্ধারণ করা উচিত।

এছাড়া অটোমোবাইল খাতের মেইটেইন্যান্সের জন্য আলাদা অঞ্চল নির্ধারণ করে দেয়া, সময়ের সাথে সাথে এসআরও-তে পরিবর্তন আনা, দেশে ইলেকট্রিক যানবাহন আমদানি সহজীকরণ করা, বিআরটিএ-তে যানবাহনের রেজিস্ট্রেশন প্রক্রিয়া দ্রুততর করা, ব্যাংকগুলোকে একই নীতি অনুসরণ করাসহ অটোমোবাইল খাত সংশ্লিষ্ট সরকারের যেকোনো নীতিমালা প্রণয়নে অভিজ্ঞ ব্যবসায়ীদের মতামত গ্রহণ করার দাবি জানান ব্যবসায়ীরা।

সভায় আরও উপস্থিত ছিলেন এফবিসিসিআইর পরিচালক হাফেজ হাজী হারুন অর রশীদ, কাওসার আহমেদ, নিয়াজ আলী চিশতী, আমির হোসেন নূরানী, মহাসচি মো. আলমগীর, কমিটির কো-চেয়ারম্যান ও সদস্যবৃন্দ।​

 

[Saif]

PHP Motors unveils Malaysia's Perodua in Bangladesh

PHP Motors has introduced Perodua, the Malaysian automobile brand, to the Bangladeshi market for the very first time, according to a press release Saturday. The launching event was hosted by Sufi Mohamed Mizanur Rahman, founder chairman of the country's top conglomerate PHP Family and Ekushey Pada

thefinancialexpress.com.bd

PHP Motors unveils Malaysia's Perodua in Bangladesh
FE ONLINE DESK
Published :
May 11, 2024 22:48
Updated :
May 11, 2024 22:52

PHP Motors has introduced Perodua, the Malaysian automobile brand, to the Bangladeshi market for the very first time, according to a press release Saturday.

The launching event was hosted by Sufi Mohamed Mizanur Rahman, founder chairman of the country's top conglomerate PHP Family and Ekushey Padak winner for social service, at Pan Pacific Sonargaon in Dhaka on Thursday.

This landmark occasion promised to be an evening of grandeur and significance as PHP Motors introduced the renowned Malaysian automotive brand to the Bangladeshi market for the first time, said the release.

PHP Motors Executive Director (Sales and Marketing) Taseer Karim moderated the ceremony.

Mohammed Akther Parvez, managing director of PHP Motors said, "Sufi Mohamed Mizanur Rahman is the visionary person who established the first automobile plant in Bangladesh in the private sector. Today is a day of celebration for Perodua vehicle launching program inauguration."

"We would like to thank the National Board of Revenue for supporting our automobile industry from day one by setting up policies to encourage industrialists to establish assembly factories in Bangladesh. I also like to take this opportunity to thank Chittagong Customs for giving priority to this industry."

"I am thrilled to introduce to all of you our latest innovation in the world of transportation. Introducing vehicle app perfect vehicle solutions is a regulation initiative in the automobile industry. Anyone can download this app for free and order their desired spare parts hassle-free."

"You all will be happy to know that we have also established a proper service centre in Dhaka where our customers will be able to buy their desired vehicles and also get spare parts and after-sale service."

"And we also have a service centre in Chattogram as well where our customer is already enjoying after-sale service and also getting spare parts on time."

High Commissioner of Malaysia Haznah Md Hashim and Education Minister Mohibul Hasan Chowdhury also spoke at the event.​

 

[Saif]

3-day Dhaka Motor Show to begin May 23

The 17th edition of Dhaka Motor Show 2024 is set to begin from May 23 at Bangabandhu Bangladesh-China Friendship Exhibition Centre at Purbachal in Dhaka...

www.newagebd.net

3-day Dhaka Motor Show to begin May 23
Staff Correspondent 13 May, 2024, 22:44

CEMS Global USA and Asia Pacific managing director Meherun N Islam, CEMS-Global group chief executive officer SS Sarwar, executive director Tanveer Qamrul Islam and international marketing director Abhishek Das are present at a media briefing on the 17th Dhaka Motor Show 2024 in Dhaka on Monday. | — Press release

The 17th edition of Dhaka Motor Show 2024 is set to begin from May 23 at Bangabandhu Bangladesh-China Friendship Exhibition Centre at Purbachal in Dhaka.

The annual show organised by CEMS Global USA also includes three more specialised expos named 8th Dhaka Bike Show 2024, 7th Dhaka Auto Parts Show 2024 and 6th Dhaka Commercial Automotive Show 2024.

'The Dhaka Motor Show serves as an one-stop platform for motor lovers and auto industry business buyers and sellers,' said Meherun N Islam, managing director of CEMS Global USA and Asia Pacific, at a media briefing on Monday.

The three-day exhibition will showcase brand new cars, motorbikes, auto-parts, commercial vehicles and all kinds of auto accessories where visitors and exhibitors will get to know each other, she added.

The Dhaka Motor Show will host more than 600 booths and over 175 exhibiting companies this year, from more than 17 countries.

The show will remain open from 11:00am to 9:00pm every day and will end on May 25.

SS Sarwar, group chief executive officer of CEMS-Global, Tanveer Qamrul Islam, executive director of CEMS-Global and Abhishek Das, director of international marketing of CEMS-Global, were also present at the media briefing.​

 

[Saif]

Turkish media has discussed about 'Palki'---Bangladesh's first electric car and termed it as an alternative to Elon Mask's Tesla. The video is in both Bengali and English.

 

[Saif]

Dhaka Motor Show begins in Purbachal

175 companies from 17 countries are taking part in the show

www.thedailystar.net

Dhaka Motor Show begins in Purbachal
175 companies from 17 countries are taking part in the show

The 17th edition of the Dhaka Motor Show kicked off at the Bangabandhu Bangladesh-China Friendship Exhibition Centre (BBCFEC) in Purbachal area today.

Automotive manufacturers of over 175 companies from 17 countries, including Japan, India, China, Malaysia, South Korea and the USA, are showcasing latest cars, bikes and other aftermarket supporting parts for vehicles in the show occupying more than 600 booths.

To read the rest of the news, please click on the link above.​

 

[Saif]

EVs, locally assembled cars steal the show

Locally assembled cars and the range of electric vehicles (EVs) offered by Mercedes-Benz were the main attraction during the 17th Dhaka Motor Show at the Bangabandhu Bangladesh-China Friendship Exhibition Center on Friday.

www.thedailystar.net

EVs, locally assembled cars steal the show

A model poses for photographs with a Mercedes-Benz car at Dhaka Motor Show at the Bangabandhu Bangladesh-China Friendship Exhibition Center. Photo: Collected

Locally assembled cars and the range of electric vehicles (EVs) offered by Mercedes-Benz were the main attraction during the 17th Dhaka Motor Show at the Bangabandhu Bangladesh-China Friendship Exhibition Center on Friday.
The show, which ran from May 23-25, was organised by CEMS-Global.

Rancon Motors was showcasing Malaysian brand Proton's X70 model, which is assembled in Rancon's hi-tech industrial park, while Meghna Automobiles Ltd (MAL) was displaying two cars under South Korean brand Kia, the 1,500cc Seltos and 1,600cc Cerato.

To read the rest of the news, please click on the link above.​

 

[Saif]

Global car brands 'Jaecoo' and 'Omoda' arrive in Bangladesh

Three new models of cars from the brands ‘Jaecoo’ and ‘Omoda’ have been launched in Bangladesh: JAECOO J7, OMODA C5, and OMODA E5. According to a press release, Asian MotorSpeX Limited, the official distributor of these cars, unveiled them at the recently held 17th Dhaka Motor Show 2024.

www.thedailystar.net

Global car brands 'Jaecoo' and 'Omoda' arrive in Bangladesh

Three new models of cars from the brands 'Jaecoo' and 'Omoda' have been launched in Bangladesh: JAECOO J7, OMODA C5, and OMODA E5. According to a press release, Asian MotorSpeX Limited, the official distributor of these cars, unveiled them at the recently held 17th Dhaka Motor Show 2024.

JAECOO J7

The JAECOO J7 is an AWD off-road SUV featuring seven different driving modes. It accelerates from 0 to 100 km/h in eight seconds. Other features include steel chassis, ADAS safety systems, 19-inch aluminum alloy wheels, and a panoramic sunroof.

The interior is equipped with smart AI voice assistance, 50 W air-cooled wireless charging, dual-zone automatic AC with climate control, among other features. The dimensions of the car are 4500 mm in length, 1865 mm in width, and 1680 mm in height.

To read the rest of the news, please click on the link above.​

 

[Bilal9]

Meghna Automobiles Ltd (MAL) was displaying two cars under South Korean brand Kia, the 1,500cc Seltos and 1,600cc Cerato.

Meghna Automobiles has a "screwdriver operation" in Northern Dhaka suburbs (probably Konabari or Gazipur proper) where they assemble the Kia Seltos and Cerato models from Indian-made engines, complete suspension assemblies, body panels and other major sub-assemblies.

This is highly unsatisfactory - because most of the value-addition (I'd say close to 90% or more) is being made in India, when ideally anything sold here should have at least 50% labor-value-addition or more. Screwing things together does not help a workforce learn anything like engine or suspension assembly or building sheetmetal body panels from scratch.

The Lax attitude of the Bangladeshi customs people are to blame because they allowed this (I'm sure bribes and corruption were involved).

You cannot get away with this in a country like India - they won't allow this sort of thing in a million years.

What the Bangladesh govt. should do is what they did for cellphone mfg. - tax the hell out of imported large vehicle assemblies (sheetmetal quarter panels, bonnets etc.) or major engine sub-assemblies for cars and ease-off on taxation for more discrete imported parts like engine parts. Which would essentially force companies like Meghna to set up engine-assembly and body-stamping operations. That is what we need.

 

[Bilal9]

Global car brands 'Jaecoo' and 'Omoda' arrive in Bangladesh

Three new models of cars from the brands ‘Jaecoo’ and ‘Omoda’ have been launched in Bangladesh: JAECOO J7, OMODA C5, and OMODA E5. According to a press release, Asian MotorSpeX Limited, the official distributor of these cars, unveiled them at the recently held 17th Dhaka Motor Show 2024.

www.thedailystar.net

Global car brands 'Jaecoo' and 'Omoda' arrive in Bangladesh

View attachment 6124
​

Jaecoo and Omoda are sub-brands of Chery cars from China. As such quality should not be too bad. For myself - Chinese cars are still a bit of a question mark. More sold on major global brands.

 

[Saif]

Jaecoo and Omoda are sub-brands of Chery cars from China. As such quality should not be too bad. For myself - Chinese cars are still a bit of a question mark. More sold on major global brands.

Bangladesh has been importing Japanese cars since its independence but Japan hasn't established car manufacturing plants in Bangladesh so far. The Govt. should open the local automobile market for China and restrict Japanese cars in the market. This way we would be able to draw huge Chinese investments in our automobile sector. What do you say?

 

[Saif]

Bogura emerging as a hub for used automobiles

A major hub for the sale and repair of motor vehicles has gradually emerged in Bogura over the past two years, drawing an estimated investment of Tk 1,000 crore.

www.thedailystar.net

Bogura emerging as a hub for used automobiles

A five-kilometre stretch of road along the Baragola-Matidali highway in Bogura has quickly turned into a hub for automobiles, with numerous showrooms and auto-repair workshops offering their services. The biggest draw, however, remains used cars, which can be bought for cheaper prices than in Dhaka. Photo: Mostafa Shabuj

A major hub for the sale and repair of motor vehicles has gradually emerged in Bogura over the past two years, drawing an estimated investment of Tk 1,000 crore.

At least 15 showrooms and 20 workshops offering repairing services have been established along a five-kilometre stretch on the Baragola-Matidali highway.

New and reconditioned vehicles of renowned brands, including BMW and Mercedes-Benz, are also available here.

However, cars that have changed ownership multiple times are a big draw, with overall monthly sales reaching at least Tk 10 crore.

To read the rest of the news, please click on the link above.​

 

[Bilal9]

Luxury sleeper bus bought by a bus transport operator from Pabna, which is a second-tier town in Bangladesh. They have four in the fleet now.

Each of these Made in Bangladesh buses cost 49 lakh to build, both of them added up to one crore. The buses boast upholstered luxury leather beds and articulating seats.

 

[Saif]

Luxury sleeper bus bought by a bus transport operator from Pabna, which is a second-tier town in Bangladesh. They have four in the fleet now.

Each of these Made in Bangladesh buses cost 49 lakh to build, both of them added up to one crore. The buses boast upholstered luxury leather beds and articulating seats.

I guess people have to pay hefty bus fares to travel in these luxurious buses.

 

[Bilal9]

I guess people have to pay hefty bus fares to travel in these luxurious buses.

Yes that is the case. People's disposable income has gone up considerably, so they can afford to pay these kind of fares, even riding luxury sleeper buses to 2nd and 3rd tier towns.

 

[Saif]

Malaysia can fully manufacture Perodua car in Bangladesh: PM

Prime minister Sheikh Hasina on Wednesday invited Malaysia to set up facilities to fully manufacture their Perodua brand car in Bangladesh...

www.newagebd.net

Malaysia can fully manufacture Perodua car in Bangladesh: PM
Bangladesh Sangbad Sangstha . Dhaka 25 July, 2024, 00:04

Prime minister Sheikh Hasina on Wednesday invited Malaysia to set up facilities to fully manufacture their Perodua brand car in Bangladesh.

She made the call when outgoing Malaysian high commissioner here Haznah Md Hashim paid a farewell call on her at her office this morning.

In the meeting, the envoy said that local PHP Motors was assembling Malaysian brand, Perodua car here.

Prime minister's press secretary Md Nayeemul Islam Khan briefed the reporters after the meeting.

PHP Motors, a concern of PHP Family, has tied up with Perodua, a top Malaysian automobile brand, to assemble their cars and SUVs in Bangladesh and sell those in the local market.

In the meeting, the premier and the envoy also talked and remembered the longstanding and continuing relationship between two countries from the tenure of father of the nation Bangabandhu Sheikh Mujibur Rahman.

About the issue of anarchic situation unleashed by BNP-Jamaat behind the quota reform movement of student, Hashim told the premier that, 'I've confidence in your ability in handling the current situation. You're tackling the situation well and it is purely Bangladesh's internal matter.'

'She (the envoy) sees everything is under control,' said the press secretary quoting the envoy as saying.

The high commissioner said that Malaysian business entities' cumulative investment rose to $5 billion in Bangladesh, which mainly propelled by the two telecommunication companies- Robi and Edotco Bangladesh as they reinvested their profits here.​

 

[Saif]

Assembled by Meghna, three brand new KIA SUVs hit the road

Meghna Automobiles, the automotive arm of Meghna Group, began selling three locally assembled sport utility vehicles (SUVs) of South Korean automobile manufacturer KIA recently.

www.thedailystar.net

Assembled by Meghna, three brand new KIA SUVs hit the road

Meghna Automobiles is all set to roll out three models of KIA cars that are being assembled at its factory in Barmi of Gazipur. The three models are all sport utility vehicles with engine capacities of 1,500cc to 2,000cc. PHOTO: COLLECTED

Meghna Automobiles, the automotive arm of Meghna Group, began selling three locally assembled sport utility vehicles (SUVs) of South Korean automobile manufacturer KIA recently.

According to officials, the official launch of the three cars is scheduled to be held soon.

The SUVs are the 1,500cc Seltos, 1,500cc Carens, and 2,000cc Sportage, said Anisuzzaman Choudhury, executive director of Meghna Automobiles.

The Seltos and Carens models were showcased at the Dhaka Motor Show in May this year.

Choudhury said Meghna Automobiles has already obtained type certification for the cars from the Bangladesh Road Transport Authority (BRTA).

Type certification is a mandatory specification for locally assembled cars to be sold in the market.

"We are now ready to launch the vehicles officially," he said. "Our goal is to provide brand-new passenger cars at a lower price than it would cost to import."

Meghna Automobiles established its assembly plant for completely knocked down (CKD) cars on 15 acres of land at Barmi union of Gazipur at a cost of Tk 275 crore, which is equivalent to around $25 million.

According to Choudhury, the price of locally assembled Seltos is around Tk 43 lakh compared to around Tk 52 lakh for those imported as completely built-up (CBU) units.

Similarly, the locally assembled Sportage costs Tk 58 lakh while the CBU unit is priced at Tk 78 lakh.

Choudhury said prices of brand-new locally assembled cars are expected to be Tk 10-12 lakh lower than those imported as CBU units.

However, the sharp depreciation of the local currency taka against the US dollar has limited the price drop to only Tk 8 lakh per unit, he said.

As per Bangladesh's automobile policy, there are lower customs duties on importing various components of vehicles for assembly purposes, he added.

Regarding the quality of locally assembled KIA cars, Choudhury said Korean engineers and technicians would operate the Gazipur assembly plant for the first two years to ensure original quality.

By that time, local engineers and technicians will have built up efficiency and ensured quality, he said.

Currently, Hyundai, South Korea's leading automobile manufacturer, Malaysian automotive company Proton, and renowned Japanese manufacturer Mitsubishi assemble passenger cars in Bangladesh.

According to market insiders, imported reconditioned Japanese cars dominated the local automobile market while brand-new cars hold around 18 percent of the market share.

Referring to market assessments, Choudhury said brand-new cars would dominate the market by 2030 as user awareness and affordability increase.

He said customers do not need to renew the fitness certificate for five years after the purchase of a new car. In contrast, reconditioned cars require annual fitness certificate renewals.

According to BRTA data, an average of 22,000 to 24,000 passenger vehicles, have been sold per year since 2014.

Choudhury said KIA and Meghna Automobiles teamed up to assemble cars in Bangladesh after observing the growing market for brand-new cars, focusing on SUVs to capture the expanding market.

According to him, Meghna Automobiles has the capacity to assemble 7,000 cars per year but will initially assemble 3,500 units per year.

Besides, Meghna will ensure the availability of spare parts and sufficient service centres across the country.​

 

[Saif]

Automobile sales drop amid economic downturn, political jitters

Automobile sales have dropped substantially since July this year amidst the economic downturn and political turmoil, denting any hopes of recovering from last year’s slump, according to market insiders.

www.thedailystar.net

Automobile sales drop amid economic downturn, political jitters

Automobile dealers have seen their sales decline almost 70 percent since July as political turmoil and economic concerns weigh on consumers’ minds. High interest rates on auto loans and a lack of law and order are other reasons for the drastic fall in sales. Photo: Star/file

Automobile sales have dropped substantially since July this year amidst the economic downturn and political turmoil, denting any hopes of recovering from last year's slump, according to market insiders.

Although credible data is hard to come by, vehicle dealers estimate that monthly sales have fallen by at least 70 percent.

In other words, around 400 to 450 vehicles were sold per month since July compared to 1,700 to 1,800 in the first six months of the year.

One way of verifying sales is through the number of vehicles registered with the Bangladesh Road Transport Authority (BRTA).

Around 1,747 automobiles were registered on an average per month in the January-June period this year. However, data for the subsequent months is yet to be made available.

In 2023, 8,549 were registered in total. The number stood at 23,651 in 2022.

Needless to say, these figures exclude a small fraction of people who delay registering new vehicles.

Although normalcy has been returning since the interim government came to office following the ouster of the Awami League government on August 5, potential buyers may prefer waiting it out a bit longer, according to the vehicle dealers.

"We did not imagine that this type of dull market could suddenly come about," said Shafiqul Islam, head of operations at HNS Automobiles.

"We expected sales to grow this year, but the sudden political change has reversed the calculations of the market," he said.

Besides, the Japanese yen has grown stronger against the US greenback, increasing duties and turning vehicles costlier. Prices have increased by Tk 1 lakh to Tk 1.5 lakh in the last two months, Islam added.

High interest on auto loans is also discouraging purchases while dealers are refraining from releasing imported vehicles from the Chattogram port due to a capital shortage, he said.

Bank loans are also big burdens for vehicle dealers, he said.

Monthly sales have declined by around 70 percent since July due to the political changeover and people's apprehensions about the economy, said Habib Ullah Dawn, president of the Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA).

Nowadays, people are mostly purchasing sedans such as Toyota Axios and Corollas. The sales of SUVs have been very slow, Dawn said.

Potential customers are taking time to observe the situation before deciding to make a purchase, he said.

Besides, law and order are yet to be fully restored, he said, adding: "If there is a big improvement in the situation, the market will change within the next three months."

According to Dawn, the situation is improving, which is good news for the car market.

He also pointed out that dealers were facing challenges in paying staff salaries and showroom rent due to the drop in revenue.

"We suffered a lot during the Covid-19 pandemic but recovered rapidly, so we are optimistic of recovering from these ongoing difficulties," he said.

Arif Khan Bipu, managing director of Motors Bay, an importer and retailer of reconditioned Japanese cars, said importers and retailers with large-scale operations had suffered a larger drop in sales compared to smaller ones.

According to him, sales of the big retailers declined by 70 percent since July whereas it was around 40 percent for small retailers like him.

He said the overall market situation was not favourable for the purchase of passenger vehicles by middle-income people due to the ongoing transitional period for politics and economic turmoil due to high inflation and high auto loan interest rates.​

 

[Saif]

Luxury car sales slow to a near-stop

Sales of luxury sedans and sport utility vehicles (SUVs) have been almost nil since July this year as customers have reined in spending amid the ongoing economic downturn and sudden political changeover in Bangladesh.

www.thedailystar.net

Luxury car sales slow to a near-stop
Market players blame economic and political uncertainty

Sales of luxury sedans and sport utility vehicles (SUVs) have been almost nil since July this year as customers have reined in spending amid the ongoing economic downturn and sudden political changeover in Bangladesh.

According to various market insiders, sales have fallen by about 95 percent from around 800 units per month before August 5, when the Sheikh Hasina-led Awami League government was ousted by a mass uprising.

And although there is no credible data to back up this claim, Bangladesh Road Transport Authority (BRTA) data shows that around 734 SUVs were registered each month between January and September 2024.

However, there were no individual statistics on the registration of other types of premium cars as the BRTA tallies sedans in the normal vehicle class.

Besides, these figures exclude a small fraction of people who delay registering new vehicles.

Saad Nusrat Khan, managing director of Progress Motors, said they have not sold even a single car since July although they normally sell around eight units per month.

Citing that there has been no footfall at their Tejgaon outlet amid the political shift and economic uncertainty, Khan informed they have incurred losses of around 1 crore since July.

Furthermore, they have to sell at least six units per month to cover operational costs.

Khan also voiced concerns about overall sales in the premium segment falling further as the BRTA recently imposed a carbon tax on electric vehicles even though they do not cause carbon emissions.

Progress Motors, the country's sole distributor of luxury vehicles designed by German automaker Audi AG, sells cars for between Tk 1.69 crore and Tk 3.99 crore.

As such, only the affluent class buy these cars.

But as business activities have slowed amid the prevailing economic downturn, they are not in the mood to spend such large sums of money on luxury items, Khan said while also blaming the lack of political stability for slowing sales.

Habib Ullah Dawn, president of the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida), said luxury car sales have declined significantly since July as people have become apprehensive about the economy following the political changeover.

"They [customers] are in a panic about what may happen in the future," he added while pointing out that potential buyers are observing the situation before deciding on their purchase.

Dawn also said people are mostly purchasing comparatively cheaper sedans, such as the Toyota Axio and Toyota Corolla, rather than high-end units like the Toyota Camry and Toyota Crown.

Meanwhile, sales of SUVs like Toyota's Land Cruiser, Pajero and Harrier series are almost nil.

Additionally, the Barvida president said repeated depreciation of the local currency against the US dollar alongside import duty hikes have increased the cost of vehicles with higher engine capacity.

As a result, the prices of such cars increased by Tk 3-4 lakh over the past two months, he added.

Dawn also said it is good news for them that the law and order situation is improving day by day as customers will feel more comfortable visiting their showrooms.

Pointing out that car traders are struggling to pay operational costs due to reduced revenue, he said they are optimistic about making a rapid recovery, just as they had after the Covid-19 pandemic.

"Nobody imagined this type of dull market would suddenly come about," said Shafiqul Islam, head of operations at HNS Automobiles.

He said customers, particularly in the premium segment, preferred SUVs over sedans until the recent political changeover reversed this trend.

Also, the high interest rate on auto loans could be discouraging purchases, Islam added, saying that some dealers have been unable to release their previously imported vehicles from Chattogram port due to a lack of sufficient capital.

Arif Khan Bipu, managing director of Motors Bay, said sales in the normal segment are also declining as people have been grappling with inflationary pressure for more than two years.

Citing that the recent political changeover adversely impacted the market, he said the overall situation is not favourable for high-end car sales as potential customers are being financially cautious.​

 

[Saif]

Wheels of change: Bangladesh’s journey to self-sufficiency in motorcycle manufacture

It was once beyond anyone’s wildest imagination that Bangladesh would become a motorcycle manufacturing hub. Only seven years ago, the country relied on imports to meet 95 percent of its demand for motorbikes.

www.thedailystar.net

Wheels of change: Bangladesh’s journey to self-sufficiency in motorcycle manufacture

Photo: Anisur Rahman

It was once beyond anyone's wildest imagination that Bangladesh would become a motorcycle manufacturing hub. Only seven years ago, the country relied on imports to meet 95 percent of its demand for motorbikes.

However, the situation has reversed completely, with the initial kick-start being provided through policy support.

Today, around 99 percent of the two-wheelers plying the roads are either manufactured or assembled locally, according to industry players.

This transformation from an importer to a local assembler and manufacturer has not only saved valuable foreign currencies but also created thousands of jobs.

However, despite this progress and the industry insiders' belief that the market would grow manifold in the next two to three years, motorcycle sales in Bangladesh hit a five-year low in 2023 due to historic inflationary pressures.

As per a market assessment by ACI Motors, motorcycle sales fell 28 percent year-on-year to 461,805 units in 2023, with the decline even exceeding the downturn during the Covid-19 pandemic.

The government gave go-ahead to numerous policies to facilitate the motorcycle manufacturing industry's development in the past, with hopes of diversifying its apparel-dominated export basket.

The turnaround truly began in 2016–17, when the import duty on completely knocked down (CKD) motorcycle units was slashed by 25 percentage points to 20 percent to encourage local assembly. The emergence of ride-sharing platforms gave further impetus to the sector.

So far, about Tk 10,000 crore has been invested in the sector, directly and indirectly creating employment opportunities for around two lakh people.

According to data from the Bangladesh Motorcycle Assemblers and Manufacturers Association (BMAMA), there are 10 motorcycle factories in the country, three of which are currently not operating.

Seven firms, namely Japanese brands Honda, Suzuki, and Yamaha, Indian brands Bajaj, TVS and Hero, and local brand Runner Automobiles, are running their units fully and have made the country nearly self-sufficient in motorbike manufacturing and assembly.

Although motorcycle prices reduced significantly due to local assembly and manufacturing, those reductions have eroded over the past two years due to the depreciation of the local currency against the greenback, according to Biplob Kumar Roy, chief executive officer of TVS Auto Bangladesh Ltd (TVS ABL).

Assuming the price of a motorbike is Tk 1.30 lakh on an average, the total sales figure would stand at around Tk 5,850 crore a year, almost equivalent to the market size of passenger cars.

Local motorcycle production began in the country at the turn of the millennium, with Walton making the country's first motorcycle. However, it decided to shutter that project.

Runner Automobiles was the second company to begin manufacturing motorcycles in Bangladesh, making its foray into the market in 2012.

Hafizur Rahman Khan, chairman of Runner Automobiles and also president of the Bangladesh Motorcycle Manufacturers and Exporters Association, said the motorcycle market will grow further once the political and economic situation stabilises.

The sector also faces challenges as the use of electric motorcycles increases over time. "So, we are planning to develop battery-run motorcycles for the local market," he said.

Runner Automobiles makes almost all components except some basic parts of the engine, he said, also emphasising on developing backward linkages, which are vital to expanding capacity.

There is even the possibility that the market for low-end bikes may reduce in the future as manufacturers are updating features continuously, he said.

Subrata Ranjan Das, executive director of ACI Motors, said the mindset of the customers is changing and they are moving to high-end motorcycles.

Against this backdrop, customers have shifted to Japanese brands from Indian brands over the past two to three years. However, he said Indian brand Bajaj is still dominating the market with its high-end models.

This is because the price difference between Indian and Japanese brands is nominal. So, customers prefer Japanese bikes due to the brand image.

Another local assembler and manufacturer, TVS ABL, introduced bikes in Bangladesh in 2010 and set up a manufacturing and CKD plant in 2017 with a capacity to churn out 500 units during each eight-hour shift.

Biplob Kumar Roy, chief executive officer at TVS ABL, said sales of motorcycles declined over the past year as people's purchasing power was eroded by inflationary pressures and an unstable macroeconomic outlook.

He said the growth of the market had stagnated for the time being, but expected it to pick up in the future.

He said that customers are not only moving towards Japanese bikes but they also prefer high-end Indian bikes.

He suggested the government reduce value-added tax (VAT) at the customers' end to make the sector healthier. "Banks can also offer finance for buyers similar to auto loans," he said.

Despite the rise of Japanese brands, the market leader in the motorcycle segment remains Bajaj, holding around a 30 percent share. It manufactures 12,000 units per day at its Zirani factory in Savar.

According to officials of Uttara Motors, the sole distributor of Bajaj motorbikes, the company has sold around 25 lakh units over the past four decades.

Most models are available in Bangladesh either through manufacturing or assembly and the quality is the same as those made in India.

Another Indian company, Hero, one of the fastest-growing brands in Bangladesh, established an assembly plant in 2015 under a joint venture with the Nitol-Niloy Group.

The facility was upgraded to a manufacturing unit in 2018.

The plant manufactures 125,000 units per year against a capacity of more than 200,000. It also makes 22 components, including chassis, rims, and drive chains.

Japanese automobile giant Honda also rolled out a motorcycle manufacturing plant in November 2018.

Bangladesh Honda Private Ltd (BHL), a subsidiary of Honda Motor Co Ltd, also started export operations to contribute to both local and international markets.

The company recently exported its X-Blade model to Guatemala, first by air in January and then by sea, with plans for further exports to South America, Central America, and Africa.

Shah Muhammad Ashequr Rahman, chief marketing officer of the company, noted the team's efforts in showcasing Bangladesh's manufacturing capabilities on the global stage, reinforcing BHL's commitment to growth and innovation.

Challenges for component manufacturers

Local companies showed courage in making motorcycle components with a view to cutting the country's reliance on imports, but recent complexities in opening letters of credit (LCs) forced many to cease operations.

At least four companies manufactured components in Bangladesh.

Among them was QVC Bangladesh, located in Sundarban Union in Dinajpur. The company would produce around 2.5 lakh drive chains every year, with a capacity of about 5 lakh.

However, it had to stop production three months ago, as banks were not cooperating in opening LCs for raw material imports.

ATM Shamsuzzaman, managing director of QVC Bangladesh, set up the facility that manufactured drive chains in 2014 after seeing the potential of the motorcycle market.

He invested around Tk 35 crore to set up the factory, which employed around 200 people.

However, Shamsuzzaman was left with little choice but to shutter the unit as banks were uninterested in opening LCs.

"The factory was my dream. I invested everything. But with the shortage of US dollars and the price increase of the greenback, my factory became ailing," he added.

A motorcycle requires more than 700 components and the local light engineering industry can make four, namely drive chains, seats, stands, and batteries.

At first glance, this may seem like a drop in the bucket, but producing components locally marks a major stride compared to a decade ago when the industry relied completely on imports.

QVC Bangladesh would supply drive chains to Grameen Motors, Runner Automobiles and state-run Atlas Bangladesh.

"I decided to sell the factory, including land, as it became a burden for me," Shamsuzzaman said.

Md Tazul Islam, president of the Automobile Components & Accessories Manufacturers Association, said Bangladesh could manufacture all motorcycle components as local vendors had all the resources.

Islam was the managing director of Run Industries, a company that manufactured motorcycle seats until recently. It has now shut down production due to a lack of necessary raw materials.

According to him, the growing demand for two-wheelers and the Motorcycle Industry Development Policy 2018 inspired local component makers.

Set up at Sibrampur in Faridpur in 2009, the company was the sole seating solutions provider for Runner Automobiles and Hero Motorcycle.

It would sell more than 2 lakh seats to Runner and Hero combined and had an annual production capacity of 18 lakh.

He alleged that the government, particularly the National Board of Revenue, did not pay attention to local vendors and has not cooperated to develop any small and medium businesses in the industry.

BHL's Ashequr Rahman added that manufacturing generated the most robust backward linkage industries through vendors across all sectors of the economy.

He noted that the expansion of the motorcycle industry may encourage the growth of the parts, components, and supporting industries and technical consulting services.

However, he said backward linkages had not been developed in Bangladesh.​

 

[Saif]

পোশাকের পর বাংলাদেশে তৈরি হওয়া মোটরসাইকেল এখন কাঁপছে আমেরিকার বাজার

 

[Vsdoc]

Bangladesh motorcycle industry and ecosystem, both products and ancillaries, is in stark contrast to the same in Pakistan, and more than anything else highlights the benefits accrued from having a non hostile if not friendly relationship with India. Simply walk out on to the streets of both countries and see the bikes junta in both countries are riding. About 30 years difference in generation terms.

Tagging my fellow doc biker buddy @VCheng here.

 

[Saif]

Ifad Autos exporting AC bus to Bhutan

Ifad Autos has become the first local automobile company to export airconditioned (AC) buses assembled in Bangladesh.

www.thedailystar.net

Ifad Autos exporting AC bus to Bhutan

Ifad Autos has become the first local automobile company to export airconditioned (AC) buses assembled in Bangladesh.

The company started shipping 11 of the buses to Bhutan this week and will send 11 more within this month. Ifad has achieved a historic milestone for the automobile industry of Bangladesh, said Iftekhar Ahmed Tipu, chairman of Ifad Group.

Ifad has its own manufacturing plant, where the body of the AC buses were made.

"The bus export was really a matter of pride for Bangladesh, as the country has always imported this type of vehicles," he added.

Apart from Bhutan, Maldives, Nepal, Myanmar and India's seven-sister states have also showed interest in buying AC and non-AC buses from Ifad, Tipu said. The chairman of the automobile company thinks his company will be able to export buses to many more countries if it is provided with government support.

According to Tipu, a revolutionary change has been achieved in the field of heavy vehicles in Bangladesh over the past few years.

Ifad Autos has set up a car manufacturing plant as the country spends a huge amount of foreign currency every year for car imports, he said.​

 

[Saif]

Policy support needed to boost EV industry: experts

Experts on Friday underscored the need for specific policy support from the government in terms of research and development, capacity building, import duty reduction and...

www.newagebd.net

Policy support needed to boost EV industry: experts
Staff Correspondent 08 November, 2024, 22:51

Experts on Friday underscored the need for specific policy support from the government in terms of research and development, capacity building, import duty reduction and technology adaptation to boost local electric vehicle or EV industry.

They came up with the comment at a seminar titled ‘Electric Vehicle Industry of Bangladesh: Policy - Challenges – Prospects’ organised by Sevour International Limited at International Convention City Bashundhara in the capital Dhaka on the day.

The speakers discussed the future of Bangladesh’s transportation sector for improving sustainability, specifically regarding adoption of electric vehicles and promotion of environmentally friendly transport solutions, according to a press release.

Shish Haider Chowdhury, Information and Communication Division secretary of the Ministry of Posts, Telecommunication and Information Technology, said that use of EV was significant in different countries, including EU, USA and China, and about 80 per cent vehicles in Norway and Sweden comprised of EV while in China, it was 25 per cent.

‘We have to keep pace with the world. We need a lot of research and building capacity as well as specific policy to grow the EV industry in Bangladesh. We also need more consultation with stakeholders to overcome challenges. We have to patronise the industry. Otherwise it may stumble,’ he added.

Shish Haider also said that he would talk about the industry with the government’s higher level, including the National Board of Revenue and customs department, to resolve the problems.

Abdul Matlub Ahmad, president of the Bangladesh Automobiles Assemblers and Manufacturers Association and Bangladesh Electric Mobility Association, sought zero duty on imports of EVs and its parts for the next three years for the sake of the industry’s development.

‘There will not be found any diesel or octane run vehicles in next 20 years. So, we should think about the matter and take proper policy now,’ he added.

Ahsanullah University of Science and Technology vice-chancellor Md Ashraful Hoque emphasised on industry and academia collaboration.

Hafizur Rahman Khan, vice-president of BAAMA, Sk Aminuddin, director of Akij Group and chief executive officer of Akij Motors, Md Ehsan, mechanical engineering department professor of Bangladesh University of Engineering and Technology, and Nasima Jahan B Binty, managing director of Blue Solutions Limited, among others, were present.​

 

[Saif]

Yamaha celebrates 8 years with ACI Motors

The renowned motorcycle brand Yamaha has successfully completed 8 years in Bangladesh through its partnership with ACI Motors. In 2016, the iconic Japanese brand entered the Bangladeshi market under the collaboration with ACI Motors. Since then, Yamaha and ACI Motors have gained immense popularity

thefinancialexpress.com.bd

Yamaha celebrates 8 years with ACI Motors
FE Online Desk
Published :
Nov 17, 2024 20:36
Updated :
Nov 17, 2024 20:36

The renowned motorcycle brand Yamaha has successfully completed 8 years in Bangladesh through its partnership with ACI Motors.

In 2016, the iconic Japanese brand entered the Bangladeshi market under the collaboration with ACI Motors. Since then, Yamaha and ACI Motors have gained immense popularity by providing customers with advanced technology motorcycles and ensuring top-notch after-sales services, according to a media release.

Besides, Yamaha and ACI Motors have been actively working to raise road safety awareness and provide training for aspiring riders.

On the occasion of Yamaha’s 8 years completion, a grand day-long celebration was held on November 15, 2024, at Momo Inn Park and Resort in Bogura.

More than 1,500 motorcycle riders and members of the Yamaha Riders Club from different parts of the country participated in the event. Popular Bangladeshi band Artcell performed at the event which added charm to the festivities.

The event was graced by the presence of the Executive Director of ACI Motors, Mr. Subrata Ranjan Das, along with higher officials from Yamaha and ACI Motors.

Additionally, Yamaha's 8th anniversary was celebrated across all its showrooms nationwide, with active participation from Yamaha Riders Club members and loyal customers.​

 

[Saif]

Govt to take steps to modernise Pragati Industries Ltd: adviser

The adviser to housing and public works, and industries ministries, Adilur Rahman Khan, on Sunday said that the interim government would take steps to modernise the only government-run car manufacturer, Pragati Industries Limited.

www.newagebd.net

Govt to take steps to modernise Pragati Industries Ltd: adviser
Staff Correspondent 03 December, 2024, 01:15

The adviser to housing and public works, and industries ministries, Adilur Rahman Khan, visits the lone government-run car manufacturer, Pragati Industries Limited, at Sitakunda in Chattogram. | Press release photo

The adviser to housing and public works, and industries ministries, Adilur Rahman Khan, on Sunday said that the interim government would take steps to modernise the only government-run car manufacturer, Pragati Industries Limited.

He made the remark while inquiring about the overall activities of the car manufacturer at Sitakunda in Chattogram, said a press release.

He also inaugurated the marketing activities of the Korean Kia’s Cerato Sedan car, which was assembled for the first time at the factory.

Senior secretary of the of industries ministry Zakia Sultana, chairman of Bangladesh Steel and Engineering Corporation Mohammad Moniruzzaman, managing director of Pragati Industries Limited Abul Kalam Azad, among others, were present during the visit.

Earlier, after planting trees, Adilur Rahman inaugurated the Pragati 3S Centre activities in Nasirabad, Chattogram.​

 

[Saif]

High registration cost, taxes slow Bangladesh’s shift to cleaner EVs

Despite the country’s efforts to reduce pollution and transition to cleaner cars, electric vehicle (EV) sales are yet to pick up due to multiple factors, including taxes and high registration costs, which sellers describe as “impractical”.

www.thedailystar.net

High registration cost, taxes slow Bangladesh’s shift to cleaner EVs

Despite the country's efforts to reduce pollution and transition to cleaner cars, electric vehicle (EV) sales are yet to pick up due to multiple factors, including taxes and high registration costs, which sellers describe as "impractical".

Importers said that the Bangladesh Road Transport Authority (BRTA) calculates the registration fee for a modest 150-kilowatt EV equivalent to that of a 3,000cc car -- roughly comparable to high-end fossil fuel-burners like the Mitsubishi Pajero or Toyota Land Cruiser.

EV buyers, who already own a car, are also subject to an annual surcharge of Tk 1 lakh for the EV.

Collectively, these factors contribute to lower-than-expected EV sales, as high registration fees based on kilowatt power increase the purchase price.

"Even though EVs are highly economical and environmentally friendly, the BRTA method of calculating EV registration fees is impractical and discourages EV purchases," said Saad Khan, managing director of Audi Bangladesh, the sole distributor of German high-end automaker Audi.

In September 2022, the BRTA introduced the EV registration guidelines. In January 2023, Audi Bangladesh became the first to officially begin selling EVs in Bangladesh.

At least seven brands, including BMW, Mercedes-Benz, Audi, BYD, Chery and MG have introduced EVs to the Bangladeshi market, aligning with the government's efforts to promote low-carbon-emission vehicles

According to Khan, they have sold 48 EV units in the past two years. Audi Bangladesh currently offers three EV models, priced between Tk 1.69 crore to Tk 2.25 crore.

At least seven brands, including BMW, Mercedes-Benz, Audi, BYD, Chery and MG have introduced EVs to the Bangladeshi market, aligning with the government's efforts to promote low-carbon-emission vehicles, he added.

The Audi Bangladesh managing director said the BRTA calculates registration charges based on the kilowatt power of EVs, equating 20cc of engine capacity to each kilowatt. This calculation leads to high registration costs.

He said EV dealers recently requested the National Board of Revenue (NBR) to reduce import tariffs and duties on completely built-up (CBU) EVs to lower prices and boost the EV market.

"We suggest reducing the import tariff for CBU EVs to 37 percent from the current 89.1 percent," he said.

Khan cited examples of neighbouring countries imposing import duties from as low as 25 percent to charging nothing at all on EVs.

"We believe that a lower tariff rate can positively impact government revenues through increased vehicle sales as they become more affordable," Khan wrote to the NBR.

The EV dealers also said letter of credit (LC) margins for vehicle import were increased from 10-20 percent to 100 percent in July 2022 in the face of a forex crunch.

With reserves now stable, they recommended removing the LC margin restrictions on EVs to encourage imports.

"The registration fee for an electric vehicle is at least Tk 3-4 lakh and the one-time advance income tax is at least Tk 1.5 lakh, which is a massive burden for buyers," said Chowdhury Mohammad Nabil Hasan, head of marketing at Rancon Motors, the distributor of Mercedes-Benz EVs in Bangladesh.

Hasan said EVs are highly economical, with electric bikes capable of driving up to 400 kilometres on a single charge.

"If we calculate the current electricity price per unit, the cost per kilometre is only Tk 2, which is very cheap compared to fossil fuel-based vehicles," he said.

According to him, EV sales will grow with the expansion of charging station networks and increasing consumer awareness regarding EVs.

"We have already built 18 charging stations in Dhaka, Cumilla, Chattogram, and Cox's Bazar under the brand Charge Easy," he added.

Mercedes-Benz currently sells about seven EV models in Bangladesh, catering to high-end consumers who prefer the German automaker.

Md Tauhidul Islam Tushar, deputy director (Engineering-1) at BRTA, said they have recommended a 50 percent reduction in advance income tax (AIT) to the ministry to lower registration fees considering environmental benefits.

"The BRTA has also recommended reducing the surcharge on EVs, and we expect the NBR to waive this charge," he said.

As of September 30, 281 EVs were registered with the BRTA, and this figure is expected to exceed 300 by the end of the year, Tushar added.

Despite growing car use, per capita car use in Bangladesh is very low compared to comparator countries.

Bangladesh has three cars per 1,000 people, compared with 897 per 1,000 in Malaysia, showed a research paper of the Policy Research Institute of Bangladesh, a think-tank. It is 34 in Vietnam, 22 in India, and 16 in Pakistan.​

 

[Saif]

Japan’s Mitsui buys 18.5% stake in ACI Motors for $22.75m

Mitsui & Company, one of the largest general trading companies in Japan, has bought an 18.5 percent stake in ACI Motors Limited for $22.75 million.

www.thedailystar.net

Japan’s Mitsui buys 18.5% stake in ACI Motors for $22.75m

Mitsui & Company, one of the largest general trading companies in Japan, has bought an 18.5 percent stake in ACI Motors Limited for $22.75 million.

The purchase was made from two investors of the Bangladeshi company through a Singaporean subsidiary on November 29.

The sale proceeds will be received as foreign direct investment, according to Subrata Ranjan Das, executive director of ACI Motors Limited.

Mitsui says it generates an annual revenue of over $100 billion from operations spanning trading, logistics and financing, infrastructure, energy, mobility, chemicals, iron and steel products, food and retail management, wellness, IT and communication, and corporate development.

Launched in 2007 focusing on agricultural mechanisation, ACI Motors now assembles and sells, among others, agricultural and construction machinery, commercial vehicles, motorcycles, and marines diesel engines of brands Yamaha, Yanmar, Sonalika, and Foton.

ACI Group is one of the largest conglomerates in Bangladesh with diverse interests in the fields of mobility, pharmaceuticals, nutrition and agriculture, food, consumer products and retail.

Two senior executives from Mitsui will now join ACI Motors as a part of efforts to grow the business in the global market by using the worldwide connections of the Japanese company, said Das.

ACI Motors, a subsidiary of ACI Group, intends to boost its growth by entering new markets and diversifying its range of products to include rice processing equipment and electric and passenger vehicles, Das said.

Mitsui will further expand its activities in areas such as retail and logistics and contribute to Bangladesh's rapidly growing market through integrated mobility and mechanisation solutions for agri-businesses, transportation, and infrastructure, according to a statement.​

 

[Bilal9]

CFMOTO has been manufacturing motorcycles from kits for more than a decade in Bangladesh. Here is their Flagship Showroom at Plot 10, Road 3, Block A, Sec 11, Mirpur, Dhaka

Here are the bikes available in Bangladesh and suggested retail prices locally which is a bit higher than neighbor countries. Outside Bangladesh - 700cc bikes are offered in some markets.

SR 300: BDT 4,58,500
SR 250: BDT 3,88,500
NK 250: BDT 3,48,500

The NK model was a Red Dot winner

 

[Bilal9]

Here are three more shots of the NK model. Design does merit the Red Dot Award.

 

[Bilal9]

For the tamer intellectual types, CFMoto Bangladesh also offers an advanced 149 cc Large wheel scooter for urban commutes, with a liquid-cooled, 4-stroke SOHC,149cc single-cylinder, 2-valve fuel-injected engine with CVT. The fuel injection system is from BOSCH and has been optimized to improve combustion efficiency, with a fuel consumption of only 2.5-2.7L per 100km.

This advanced scooter also boasts smart-key enabled keyless start, automatic power-down at stoplights to save fuel, Dual channel ABS Hydraulic braking, traction control system (for extra stability while driving in rain-slick streets) and a 5-inch multifunction screen TFT display and optional T-BOX, to enable vehicle-phone interconnection, OTA upgrade, Moto Play, security and anti-theft, track record, real-time viewing of the vehicle information through CFMOTORIDE app, etc.

 

[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.​

 

[Bilal9]

Looking back at the best big-displacement bike launches of the year 2024 in Bangladesh​

It was only in 2024 that the market started seeing the new bigger-engined two wheelers, marking this year to be quite special to be a bike enthusiast. Here are three of the best big displacement bikes in Bangladesh officially launched in 2024​

PHOTO: Collected

PHOTO: Collected

For nearly two decades, the motorcycle industry was capped with an engine displacement limit that permitted the registration of bikes of only up to 165cc. This meant that while neighboring countries received flagship bikes of all the premium brands, motorcycle enthusiasts in Bangladesh could barely receive anything beyond a sports commuter.

In September of 2023, the government of Bangladesh finally relaxed this restriction to allow for bikes of up to 350cc. The catch however, was that only those bikes beyond the 165cc limit, which were locally manufactured were allowed to be ridden on the streets.

This meant, it took the already established brands quite a while before they could start offering their higher displacement variants or for new variants to enter the market. Hence, it was only in 2024, that market started seeing the new bigger-engined two wheelers, marking this year to be quite special to be a bike enthusiast. Among them all, here are three of the best big displacement bikes in Bangladesh officially launched in 2024.

Royal Enfield Hunter 350

PHOTO: Collected

PHOTO: Collected

The Hunter 350 is the most budget friendly Royal Enfield offered in Bangladesh. However, it still proves to be a statement on two wheels, blending classic charm with a fresh attitude.

At its core lies a 350cc air-cooled engine that delivers 20.2 bhp at 6,100 rpm and 27 Nm of torque at 4,000 rpm. That's enough performance to make every ride enjoyable, whether you're weaving through city streets or cruising along open highways. After all, these are bikes which are built not for breaking records but to provide the urban explorer who craves style as much as substance.

Weighing in at 181 kg, the bike comes with dual-channel ABS, making it more of a safe highway cruiser than an agile commuter in traffic. However, if you want one Royal Enfield for all applications, the Hunter seems to provide the best balance of form and function.

Priced at Tk 3,65,000, the Hunter is available in bold rebel Blue, red, or black. It is the cheapest 350cc model currently available in the market. However, given the model's immense popularity, if you plan to order one now, chances are you're not receiving yours before 2026.


Specifications:


Engine: 349.34cc Single Cylinder, Air-Oil Cooled, 4-Stroke, SOHC

Transmission: 5-speed

Power: 20.2 bhp at 6,500 rpm

Torque: 27 Nm at 4,000 rpm

Price: Tk3,40,000



Suzuki Gixxer 250 and SF250

PHOTO: Collected

PHOTO: Collected

At first glance, the Gixxer 250 and its faired sibling, the Gixxer SF250, resemble their 150cc counterparts. However, a closer look will reveal a more muscular design.

Powering the bigger Gixxers is a 249cc single-cylinder oil-cooled engine, delivering a maximum power of 26.1 bhp at 9,300 rpm and 22.2 Nm of maximum torque at 7,300 rpm. Suzuki markets the engine to be the most powerful in the segment.

Key upgrades from the 150 series include a larger 300mm front disc brake, wider MRF Revz FC tyres (110mm front, 150mm rear), a reverse LCD cluster, and squared-off exhausts.

In real world tests, despite weighing up to 161 kg, the low engine placement enhances agility, making them easy to handle in traffic. The long gear ratio reveals its power beyond 5,000 rpm, offering a thrilling ride.

The models also feature dual-channel ABS and comfortable ergonomics with sporty touches, catering to both urban commutes and spirited rides.

Priced at Tk 3,99,950 for the Gixxer 250 and Tk 4,64,950 for the Gixxer SF 250, the series is offered in matte blue, matte black for both models and exclusive MotoGP-themed limited editions for the SF.

Specifications:

Engine: 249cc single cylinder oil-cooled

Transmission: 6-speed

Power: 26.5 PS at 9,300 rpm

Torque: 22.2 Nm at 7,300 rpm

Price:

Gixxer 250: Tk3,99,950

Gixxer SF 250: Tk4,49,950



CF Moto 300SR

PHOTO: Collected

PHOTO: Collected

The 300SR is one of the latest additions to the motorcycle industry of Bangladesh, with the brand debut of CF Moto on 19th December 2024.

In terms of visuals, the CF Moto is arguably one of the more aggressive sports bikes in the segment. Unlike other models, this flagship model from CF Moto went with the curvy and flowy lines. In my opinion, the design does look a little dated but the fabulous white paint job makes up for it.

Powering the 300SR is a performance-oriented 298cc single-cylinder, liquid-cooled EFI engine. Paired to a 6-speed transmission, it generates a maximum of 30 bhp at 9,500 rpm and 27 Nm of torque at 6,500 rpm– arguably one of the highest power figures of any brand new bike in Bangladesh till now.

To control this power however, all 300SR comes with dual-channel ABS which ensures superior braking. To further add to its handling, the seating position has been made to be sporty and comes with USD suspension as standard.

All these and this current flagship model of CF Moto is priced at only Tk4,85,500, making this a great value for money option for bike enthusiasts.

Specifications:

Engine: 298cc Single cylinder, 4 stroke, DOHC, 4 valves

Transmission: 6-speed

Power: 30 bhp at 9,500 rpm

Torque: 27 Nm at 6,500 rpm

Price: Tk4,85,500

 

[Saif]

EVs and green mobility

A RECENT report by the International Energy Agency brings attention to a pressing issue in the global electric vehicle market: affordability. While EVs often prove more cost-effective over their lifetimes, thanks to lower fuel and maintenance costs, the high upfront price remains a substantial...

www.newagebd.net

EVs and green mobility
Imran Khalid 09 January, 2025, 23:45

Agence France-Presse

A RECENT report by the International Energy Agency brings attention to a pressing issue in the global electric vehicle market: affordability. While EVs often prove more cost-effective over their lifetimes, thanks to lower fuel and maintenance costs, the high upfront price remains a substantial barrier to widespread adoption, especially in emerging and developed markets.

The IEA’s global EV outlook reveals a telling trend: in 2023, 55 per cent to 95 per cent of EV sales in major emerging economies were high-end, large models, far beyond the reach of average consumers. In developing regions, where many lack personal vehicles altogether, these luxury EVs remain impractical. Even in Europe, affordability is a critical concern. A European Commission survey found that consumers are willing to pay a median price of €20,000 for an electric car, well below the cost of most available models. However, smaller, budget-friendly EVs launched in recent years have started to gain traction, particularly in developing markets. The introduction of smaller, budget-friendly EVs in 2022 and 2023 has begun to shift the market landscape. Chinese manufacturers, with their ability to deliver compact, affordable vehicles, have emerged as key players in this rapidly evolving space. The future of EV adoption may well hinge on such accessible innovations.

In China, the auto market is undergoing a quiet revolution, with compact electric vehicles becoming both affordable and increasingly sophisticated. Vehicles in category A and its sublevels now make up 70 per cent of the market. In the first half of 2024, nearly 95 per cent of small cars sold in China were electric, and EVs are expected to account for half of all auto sales by year-end. Remarkably, smaller EVs priced just over $10,000 now feature amenities once reserved for luxury models, such as massage seats, adjustable heating, and smart steering wheels. This evolution in China’s EV market is redefining value, challenging assumptions that luxury requires a premium price, and setting new benchmarks for accessible and sustainable transportation.

Beyond small EVs, a new trend is reshaping the global new energy vehicle market: the rise of plug-in hybrid electric vehicles. Combining eco-friendly electric power with the reliability of a traditional engine, PHEVs address one of the most significant concerns for potential EV buyers — ‘mileage anxiety.’ This is particularly relevant in regions with underdeveloped charging infrastructure. PHEVs offer a compelling alternative for consumers seeking to transition to greener vehicles without sacrificing convenience. Global PHEV sales surged by 46 per cent year-on-year in the first quarter of 2024, shows Counterpoint Research data, with over 70 per cent of sales attributed to Chinese brands. The country’s PHEV exports have also grown significantly, particularly to Asia, South America, and North America.

Chinese automakers have also pushed the boundaries of PHEV technology, offering models with electric ranges of up to 300 kilometres — an impressive leap from less than 100 kilometres just a few years ago. By focusing on affordability and performance, they are positioning themselves as global leaders in the NEV market. For countries and regions still reliant on fossil fuels due to the relative cost advantage of oil over electricity, PHEVs provide an achievable step toward greener mobility.

This push toward affordability and innovation highlights the technological challenges still facing EVs globally. Collaboration between China and Europe presents a promising solution, merging European expertise in vehicle manufacturing with China’s leadership in artificial intelligence and data integration. Such partnerships could optimise transportation through big data, analysing traffic, energy consumption, and consumer behaviour. It also has the potential to create a connected transportation ecosystem that benefits consumers and reduces environmental impact on a global scale.

Moreover, localised production remains a cornerstone of the automotive sector’s global strategy. By tailoring vehicles to the specific needs and economic conditions of regional markets, manufacturers can enhance accessibility without compromising quality. However, localised production alone cannot guarantee the transfer of critical technologies. The journey to universal EV adoption will require continued innovation, collaboration, and a commitment to breaking down barriers, ensuring that sustainability is within reach for all.

Dr Imran Khalid is a freelance contributor from Karachi.​