Jaguar Land Rover (JLR), owned by Tata Motors of India, has signed a 5 billion yuan ($704.50 million) secured term loan facility with Chinese donors, marking the first debt financing in China, it said. Arthur Yu, vice president of JLR and chief financial officer of China, said...
The automotive industry in Bangladesh could be an emerging investment destination for Japanese entrepreneurs, said Dhaka Chamber of Commerce and Industry president Rizwan Rahman.
During a meeting with Japanese ambassador to Bangladesh Ito Naoki on Sunday, Rizwan said Bangladesh and Japan have a strong...
The government has reduced tariff by 10% on 10-15 seater microbus imports, to encourage the use of safe public transport and prevent accidents.
The National Board of Revenue (NBR) issued a circular in this regard on Thursday.
According to the circular,...
Mitsubishi Motors yesterday signed a memorandum of understanding (MoU) to conduct a feasibility study on establishing a production unit in Bangladesh by 2025 as the Japanese multinational automotive manufacturer looks to expand its footprint in South Asia.
This deal, which government officials have dubbed...
From luxury sport utility vehicles (SUVs) to small compact sedans, to meet the country’s demands for automobiles, Bangladesh has always been dependent on imported vehicles. Being one of the most densely populated cities in the world and with high potential to be enlisted as a smart city,...
The coronavirus pandemic dealt a massive blow to the Japanese reconditioned car sale business, with the sector incurring losses of around Tk1,500crore in the last 14 months.
Import and sale of such cars dropped by almost 40% since the health crisis began.
Cars of globally renowned Hyundai will be manufactured in Bangladesh.
Fair Technology Ltd, local distributor of Hyundai Motor Company, will set up a designated factory at a high-tech park in the country. Fair Technology Ltd and Bangladesh High-Tech Park Authority have signed an agreement in...
The National Board of Revenue has relaxed the duty-free motor vehicle import rules for investors in the country’s hi-tech parks, curtailing the minimum level of investment to be made and the number of employees to be hired for availing the facility. The investors in the country’s hi-tech...
Even amid ongoing debates over economic-recovery strategies, some businesses see a surge in demand for quite a few products. Sales of mobile phone, computer, laptop, TV, refrigerator, construction ms rod, cement, and motorcycle saw a rise in demand in June. Economic activities resumed on May 31 after...
