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,...
Automobile traders urged to provide tax exemption on import of expire parts for next one year to overcome challenges in the vehicle assembling sector. Bangladesh Automobiles Assemblers and Manufacturers Association (BAAMA) leaders also recommended stopping registration of foreign light-truck in name of pick-up category while addressing an...
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...
Luxury carmaker Bentley has said it will cut 1,000 jobs in the UK, about a quarter of its workforce. The company, which makes its cars in Crewe, has offered all staff the chance to take voluntary redundancy.
The move comes as the car industry...
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...
Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) on Sunday sought Tk500 crore bailout package to rescue the Tk20,000 crore industry hit hard by the Covid-19 emergency, reports Dhaka Tribune. It also appealed the government to waive taxes on release of vehicles from the ports. In a...