Bangladesh Defense
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Date of Event:
Jul 21, 2026
Heavy tyre sector expands amid rising demand, export ambitions
Muhammad Ayub Ali 20 July, 2026, 23:47
Bangladesh’s tyre market is gradually expanding, driven by rising vehicle sales, economic growth, infrastructure development and increasing demand for replacement tyres.
The country’s leading local business conglomerates are turning their focus toward heavy tyre manufacturing industry, with a strong focus on radial tyre technology to address the growing domestic demand reducing import dependency and expand into international markets.
Major business players entering this sector include Jamuna Tyre and Rubber Industry of Jamuna Group, Meghna Innova Rubber Company Limited, a concern of Meghna Group, Gazi Tyre and AKIJ Resource.
At present, Jamuna Tyre and Rubber Industry is the only major local manufacturer producing radial heavy tyres, while the market remains largely dominated by imported brands.
Industry insiders say a shortage of skilled workers and advanced technology has limited local manufacturers, as developing such capabilities requires substantial investment.
Bangladesh’s tyre market, including both radial and bias tyres, is worth roughly Tk 25,000-30,000 crore and is expanding at an annual rate of 6-8 per cent, according to the Bangladesh Tyre-Tube Manufacturers and Exporters Association.
Despite having installed production capacity more than twice the country’s demand, Bangladesh still relies heavily on imported motorcycle tyres, said Luthful Bari, vice-president of the BTMEA.
Jamuna Tyre and Rubber Industry made radial tyre from March 2025, by investing Tk, 4,000 crore and competing various foreign brand radial tyres on the local market.
Tarun Chandra Rajbongshi, director (marketing and sales), told to the New Age, ‘Our plans to export around 80 per cent of our tyre to North and Latin America countries, along with south Asian countries positioning Bangladesh as a potential hub for high-quality tyre manufacturing.’
‘We are currently producing radial tyres for trucks, buses, light trucks and passenger cars, with a monthly production capacity of 4,00,000 units,’ said Ahtesam Roman, marketing manager, Jamuna Tyre and Rubber Industry.
AKIJ Resource is set to enter Bangladesh’s radial tyre manufacturing sector, aiming to meet the rising demand for commercial and passenger vehicle tyres.
‘We are currently strengthening our market presence through imported tyres and expect to commence local production soon,’ said Ehtesamul Haq, business head — tyre at AKIJ Resource.
Meghna Innova Rubber Industry is preparing to expand into the radial tyre segment with a new investment plan of around Tk 1,000 crore, said chief business officer Luthful Bari.
Currently, Meghna holds a dominant position in the bias tyre segment, controlling more than 40 per cent.
Gazi Tyres is setting up a new factory in Cumilla to resume production and regain market share, following the devastating fire and vandalism at its Rupganj plant during the August 2024 mass uprising,
Before the disruption, Gazi Tyres met more than 60 per cent of the country’s demand for tyres used in rickshaws, three-wheelers and small commercial vehicles. It also held over 20 per cent of the bus and truck tyre market and around 65 per cent of the minibus segment.
‘We are setting up a tyre manufacturing plant in Cumilla and expect to begin production in the final quarter of this year,’ said Muhammad Fakhrul Islam, executive director (accounts and finance).
‘Initially, we will produce tyres for rickshaws, three-wheelers and small commercial vehicles, and gradually expand our capacity and upgrade our technology,’ he added.
In the national budget for the financial year 2026-27, the government imposed 20 per cent supplementary duty on selected imported tyre categories.
Customs data show the sharpest increase applies to tyres for light commercial trucks and buses, raising the total tax incidence from 64.25 per cent to 96.10 per cent, the higher tariff is expected to protect domestic manufacturers and encourage investment in the local tyre industry, said Muhammad Fakhrul Islam.
General manger (operation) of the Apex Husain Tyre, Md Tuhin, said, ‘After the Gazi Tyre plant fire, our sales nearly doubled and have been increasing every year since.’
Kamruzzaman Kamal, director of marketing at PRAN-RFL Group told to the New Age, ‘Currently we hold around a 10 per cent share of the market share with 15 per cent growth per year in the bias tyre segment.’
‘We are taking land plan to invest more in the tyre sector,’ he added.
‘We increasing our investment every year, this year we invested 20 crore in the bias tyre segment’ said, Md Miraj Rahman, director of Rupsha Tyres and Chemicals Limited.
Muhammad Ayub Ali 20 July, 2026, 23:47
Bangladesh’s tyre market is gradually expanding, driven by rising vehicle sales, economic growth, infrastructure development and increasing demand for replacement tyres.
The country’s leading local business conglomerates are turning their focus toward heavy tyre manufacturing industry, with a strong focus on radial tyre technology to address the growing domestic demand reducing import dependency and expand into international markets.
Major business players entering this sector include Jamuna Tyre and Rubber Industry of Jamuna Group, Meghna Innova Rubber Company Limited, a concern of Meghna Group, Gazi Tyre and AKIJ Resource.
At present, Jamuna Tyre and Rubber Industry is the only major local manufacturer producing radial heavy tyres, while the market remains largely dominated by imported brands.
Industry insiders say a shortage of skilled workers and advanced technology has limited local manufacturers, as developing such capabilities requires substantial investment.
Bangladesh’s tyre market, including both radial and bias tyres, is worth roughly Tk 25,000-30,000 crore and is expanding at an annual rate of 6-8 per cent, according to the Bangladesh Tyre-Tube Manufacturers and Exporters Association.
Despite having installed production capacity more than twice the country’s demand, Bangladesh still relies heavily on imported motorcycle tyres, said Luthful Bari, vice-president of the BTMEA.
Jamuna Tyre and Rubber Industry made radial tyre from March 2025, by investing Tk, 4,000 crore and competing various foreign brand radial tyres on the local market.
Tarun Chandra Rajbongshi, director (marketing and sales), told to the New Age, ‘Our plans to export around 80 per cent of our tyre to North and Latin America countries, along with south Asian countries positioning Bangladesh as a potential hub for high-quality tyre manufacturing.’
‘We are currently producing radial tyres for trucks, buses, light trucks and passenger cars, with a monthly production capacity of 4,00,000 units,’ said Ahtesam Roman, marketing manager, Jamuna Tyre and Rubber Industry.
AKIJ Resource is set to enter Bangladesh’s radial tyre manufacturing sector, aiming to meet the rising demand for commercial and passenger vehicle tyres.
‘We are currently strengthening our market presence through imported tyres and expect to commence local production soon,’ said Ehtesamul Haq, business head — tyre at AKIJ Resource.
Meghna Innova Rubber Industry is preparing to expand into the radial tyre segment with a new investment plan of around Tk 1,000 crore, said chief business officer Luthful Bari.
Currently, Meghna holds a dominant position in the bias tyre segment, controlling more than 40 per cent.
Gazi Tyres is setting up a new factory in Cumilla to resume production and regain market share, following the devastating fire and vandalism at its Rupganj plant during the August 2024 mass uprising,
Before the disruption, Gazi Tyres met more than 60 per cent of the country’s demand for tyres used in rickshaws, three-wheelers and small commercial vehicles. It also held over 20 per cent of the bus and truck tyre market and around 65 per cent of the minibus segment.
‘We are setting up a tyre manufacturing plant in Cumilla and expect to begin production in the final quarter of this year,’ said Muhammad Fakhrul Islam, executive director (accounts and finance).
‘Initially, we will produce tyres for rickshaws, three-wheelers and small commercial vehicles, and gradually expand our capacity and upgrade our technology,’ he added.
In the national budget for the financial year 2026-27, the government imposed 20 per cent supplementary duty on selected imported tyre categories.
Customs data show the sharpest increase applies to tyres for light commercial trucks and buses, raising the total tax incidence from 64.25 per cent to 96.10 per cent, the higher tariff is expected to protect domestic manufacturers and encourage investment in the local tyre industry, said Muhammad Fakhrul Islam.
General manger (operation) of the Apex Husain Tyre, Md Tuhin, said, ‘After the Gazi Tyre plant fire, our sales nearly doubled and have been increasing every year since.’
Kamruzzaman Kamal, director of marketing at PRAN-RFL Group told to the New Age, ‘Currently we hold around a 10 per cent share of the market share with 15 per cent growth per year in the bias tyre segment.’
‘We are taking land plan to invest more in the tyre sector,’ he added.
‘We increasing our investment every year, this year we invested 20 crore in the bias tyre segment’ said, Md Miraj Rahman, director of Rupsha Tyres and Chemicals Limited.
