Why Bangladesh? Why Now?

Why Bangladesh? Why Now?

Bangladesh being the world’s seventh fastest growing economy with a rate of 7.3% real GDP annual growth (first quarter of 2019). Dhaka and Chittagong are the core financial centers of Bangladesh, being home to the Dhaka Stock Exchange and the Chittagong Stock Exchange. The financial segment of Bangladesh is the second largest in the subcontinent and the Automotive Industry in Bangladesh ranks the 3rd largest in South Asia. The country also has a few large factories that assemble passenger cars of Mitsubishi and Proton along with commercial vehicles from Hino and Tata.

In Figures

The fast-growing automobile industry of Bangladesh has an annual demand of 30,000 units for passenger vehicles among which 5000 units are brand new vehicles approximately.

Demand for brand new cars continue to increase as manufacturers offer new generation, more efficient mobility solutions across various customer segments.

In fact, the global private vehicle market is performing well. Behind the scenes of emerging economies and overall increase in purchase power of developing nations, the market is projected to grow at 4.4% annually by 2022. This expectation in growth can primarily be followed by a stronger and more robust global economy along with the increase in availability of budget-friendly models.

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