Moreover, in addition to authorized importers, these brands have also appointed authorized dealers in Bangladesh. Since customers were interested in buying brand-new cars of various models, JDM importers initially began importing brand-new cars of other Japanese brands including Toyota, Mitsubishi, Honda, and Mazda along with JDM cars. In the last decade, Bangladeshi roads have improved significantly. Due to the subsequent growth of the consumer car market in Bangladesh, Indian brands Tata and Mahindra are also keen to set up their assembly plants in Bangladesh. Besides, Fair Technologies has also started setting up plants in Bangladesh to assemble Hyundai and Uttara Motors, Maruti Suzuki vehicles. Apart from Pragati and Rangs, PHP Motors is also assembling Malaysian brand Proton cars at its Chittagong plant. ![]() Besides, Mitsubishi Outlander series cars are being assembled by Rangs Limited. Among them, the government-owned Pragati Industries Limited assembles Mitsubishi and Mahindra SUVs and pickup trucks. Automobile assembly in the country is increasing mainly due to the increasing trend of buying brand-new cars among customers.Įven though the entire car isn’t manufactured in Bangladesh, many government and private companies are assembling them. Besides, the share of locally assembled car sales has also increased to 2 percent by 2020. However, by 2020, brand-new car and reconditioned car imports accounted for 16 percent and 82 percent respectively. According to a source from TBS, from 2016 to 2019, while the sales of brand-new cars increased, the sales of reconditioned cars continued to decline.Īccording to Bangladesh Customs, in 2016, while 92 percent of total car imports were reconditioned cars, brand-new car imports were only 7 percent. However, nowadays the trend of buying brand-new cars has increased among individual customers. In the early period of the last decade and before that, mostly various government offices, some NGOs, and corporate offices were the main buyers of brand-new cars. In fact, JDM reconditioned cars are quite popular in many countries around the world like Bangladesh. ![]() Originally, customers were so interested in buying reconditioned cars because they were slightly cheaper than brand-new cars and as they were made for the Japanese domestic market, the durability of those cars is unquestionable. However, there was a huge tendency among Bangladeshi customers to buy JDM reconditioned cars. ![]() One of the reasons for the growth of the automobile industry in Bangladesh is the increase in purchasing power of customers. Almost half of these vehicles were registered in the last decade. The number of private cars registered in Bangladesh until 2021 will exceed 5.6 lac (562,897). Why do Bangladeshis tend to buy brand-new cars? Brand New Car Market in Bangladesh Although JDM reconditioned cars were dominating the automobile market of Bangladesh for a long time. In 2016, where 92 percent of cars were reconditioned, in 2020 it has reduced to 82 percent. As the number of private car purchases among customers increased, so did the sales of brand-new cars. ![]() In the last decade, the number of passenger cars increased at an average rate of more than 7 percent (7.23%) each year. 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.
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