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%.
Car dealerships in Bangladesh imported more than 20,009 vehicles through the Mongla Port in fiscal year 2021-22 – which is actually the highest since the seaport in the southwest coastal region started handling imports – according to Mongla Port Authority (MPA).
Dhaka Motor Show is the Oldest & Biggest of its kind serving the Automobile Industry of Bangladesh for almost two decades now and it has surely become an Int’l Expo to be recognized.
In the fiscal year 2021-22, the government slashed import tariffs on hybrid cars and microbuses depending on the engine capacity, enabling the sector to import an increased number of vehicles.
Reconditioned car imports surged by more than 75 percent year-on-year in July-October despite the ongoing economic uncertainity and post pandemic situation revealing the demand for vehicles in.
Bangladesh has experienced an increase in its use of private cars over the last two decades due to the socio-economic development and increasing purchasing power of the middle and upper middle classes. In the last decade, the number of passenger cars increased at an average rate of more than 7 percent (7.23%) each year.
Participate in 17th Dhaka Motor Show 2024. Meet and connect with the top car manufacturers through the Expo.