The Automotive market size of Bangladesh was reported to be in between BDT 1,300 crore to BDT 1,400 crore last year with an annual growth rate of 10% to 12% The demand for brand new cars is increasing as manufacturers are now offering new generation, highly efficient mobility solutions across different customer segments. Across the globe, the private vehicle market is performing well. In the backdrop of emerging economies and the overall increasing purchasing power of people in developing nations, the market is projected to grow at 4.4% per year through to 2022. This expected growth can primarily be attributed to a stronger and more robust global economy and the increasing availability of budget-friendly models.