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Trade relations between Bangladesh and South Korea have not progressed much in the past decade although significant achievements were made prior to it, said the East Asian nation’s ambassador to Bangladesh yesterday.
‘২০২৪ সালের মধ্যে বাংলাদেশে হুন্দাইয়ের যাত্রীবাহী গাড়ি তৈরি হবে’
SHIFT Toggle Desk Toggle Desk Hyundai has launched the 2021 Elantra this Sunday for the Bangladeshi market. Fair Technology Limited, Bangladesh's partner and sole distributor of the Korean automaker, did the launching of this compact sedan for the local market. The car boasts a 1.6L MPI engine with 6-Speed automatic transmission, LED projector headlights, LED combination tail lights with continuous light strip, 17-inch dual-tone alloy wheels and floating eight-inch display with Apple CarPlay and Android Auto. The 7th iteration of Elantra also offers...
Stalled prospects Although the companies mentioned above are already producing or soon to start production, many other local automotive ventures had their venture abruptly halted because of the ongoing pandemic. Bangladesh Auto Industries Ltd. (BAIL), was planning to establish an electric vehicle factory on Bangabandhu Industrial Park. With an initial investment of $200 million that would total to $1 billion within the next five years, the company planned to manufacture from two-wheelers to sedans, SUVs, pick-ups, mini-trucks, and multipurpose vehicles. Unfortunately, the pandemic slowed dow...
A brief look at the auto industry in Bangladesh Photo: Akif Hamid The rapid growth of our economy and people's purchasing power has seen a rise in demand for personal transport. People are buying more cars and motorcycles than ever before, being able to pay their way through the duty inflated prices. To support this higher demand, more and more transport manufacturers have set up or setting up plants for local production. We have analysed both industries to see their current state and what the future holds for them. Starting with four wheels, the car market in Bangladesh is small compared to ...