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Govt scraps plan to phase out reconditioned cars


Govt scraps plan to phase out reconditioned cars
The government previously intended to phase out reconditioned car imports in a bid to encourage investments in local assembly and manufacture of motor vehicles. Photo: Star/file
The government has withdrawn its plans to phase out reconditioned car imports over the next five years considering the growing demand for private transport, according to the draft Automobile Industry Development Policy 2021.
The government previously intended to phase out reconditioned car imports in a bid to encourage investments in the local assembly and manufacture of motor vehicles.
But it seems the authorities have since backtracked on this decision as there were no such provisions in the draft policy approved by the cabinet on Monday. ....

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"Made in Bangladesh" cars: how far are we?


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 down BAIL s plans considerably, with all plans being moved back a year. In an interview with The Daily Star Mir Masud Kabir, managing director of BAIL, said We missed the target as the suppliers could not ship the required equipment on time even though we opened letters of credit earlier on, said Mir Masud Kabir, managing director of BAIL. We were on track before the Covid-19 crisis hi ....

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FREE TO READ - Global pandemic sector recovery briefing


The auto industry, like others, is now recovering from an unprecedented crisis
As we enter a recovery phase around the world, we aim to bring you the latest news and intelligence on the speed, nature and shape of the automotive sector s recovery from the COVID-19 pandemic.
This regularly updated article follows on from our COVID-19 daily update article that covered rapidly unfolding crisis developments and their immediate impact on autos (first published March 12).
Check back for:
Live feed (latest coverage at the top)
Also, please see the Coronavirus Hot Topic for a full list of articles published on just-auto on this topic ....

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Proton to grow exports with market introductions in Brunei, Bangladesh, Egypt, Nepal, Pakistan, Kenya

Proton to grow exports with market introductions in Brunei, Bangladesh, Egypt, Nepal, Pakistan, Kenya
paultan.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paultan.org Daily Mail and Mail on Sunday newspapers.

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