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The automotive industry in Bangladesh is the third largest in South Asia.
Bangladesh has a few large car plants which assemble passenger cars from Mitsubishi and Toyota, as well as commercial vehicles from Hino and Tata.
Motorcycles, auto rickshaws and the locally designed Mishuk three-wheeler are manufactured in Bangladesh.
Pragoti Industries Limited (PIL) is among the oldest and largest automobile assemblers in Bangladesh. [1] The company has assembled over 50,000 vehicles since its inception in 1966. [1] In February 2010, Japanese car manufacturer Mitsubishi officially proposed to the Bangladesh government to locally assemble the Mitsubishi Pajero Sport in collaboration with Pragoti. [1] Operations commenced in August 2011, with an annual production output of around 500 units.
In 2009, the Malaysian Agate Group proposed to build a car manufacturing plant in Bangladesh in cooperation with Walton, which itself is preparing to produce motorcycles. [3] In the same year, car manufacturing company TagAZ announced that they would build their third factory in Bangladesh, aiming for exporting. The plant was supposed to be completed by 2012. [4] But the company fell in bankruptcy.
In March 2015, PHP Group and Proton announced plans to assemble Proton cars in Bangladesh. [5] A new Tk 400 crore assembly plant would be constructed in Chittagong to facilitate an annual production output of 1,200 units. [5] In May 2017, PHP Automobiles launched the Bangladeshi-built Proton Prevé. [6] The company intends to market the Prevé as an alternative to used imported cars which dominate the local market. [7]
In August 2018, Foton Motor, a Chinese vehicle manufacturer, announced to set up a plant in Bangladesh by next year to assemble commercial vehicles in a joint venture with ACI Motors [8]
In May 2019, Japanese automaker giant Mitsubishi Motors decided to invest $100 million in Bangladesh to produce its branded vehicles. The company will invest the sum at the Mirsarai Economic Zone in Chittagong, initially for assembling cars and will gradually upgrade the assembly plant to a full car manufacturing plant. [9]
In February 2023, South Korean automaker Hyundai has set up car manufacturing factory on two industrial plots at the Bangabandhu Hi-Tech Park in Kaliakoir of Gazipur with collaboration from Fair Technology. The factory has already manufactured 100 Hyundai Creta, a very popular subcompact crossover SUV in Bangladesh. Each Hyundai Creta was assembled using more than 1000 components sourced from many different countries. At first, the factory has planned to manufacture 3000 Hyundai Creta SUVs every year, however, it has plans to increase 10,000 units per year gradually. [10]
Bangladesh started manufacturing of motorcycles in 2000's. Walton made the first production of motorcycles in the country. Runner Automobiles was the second company to manufacture motorcycles in Bangladesh which was started in 2012. After then many other local companies got engaged in producing of motorcycles. Some local companies like RoadMaster Motors, Jamuna Automobiles are few of them.
In 2014, Hero MotoCorp made a re-enter in Bangladesh market with the hands of local Nitol-Niloy Group and expressed their interests to set up a manufacturing plant in couple of years. In 2017, Hero MotoCorp launched their motorcycle manufacturing plant in a joint venture with their local partner Niloy Motors (A subsidiary of Nitol-Niloy Group).
In 2016, Runner Automobiles signed a collaboration agreement with UM Motorcycles to manufacture UM motorcycles in Bangladesh under the name of UM-Runner . The motorcycles will be manufactured at Runner's motorcycle manufacturing facilities at Bhaluka while UM International LLC will provide R&D support in technological & engineering fields as well as global component sourcing. Bangladeshi manufactured UM-Runner motorcycles entered the market in the second quadrant of 2018.
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In September 2012, A joint venture deal was signed between Honda and Bangladesh Steel and Engineering Corporation to form Honda's first Bangladeshi subsidiary Bangladesh Honda Private Limited (BHL) . Honda has 70% stake in the joint venture. After then, Honda committed to set up a motorcycle manufacturing plant in the country. In November 2017, Honda made a groundbreaking ceremony to mark the start of construction of their motorcycle manufacturing plant in Munshiganj District, Dhaka Division in Bangladesh. In November 2018, Honda launched their first motorcycle manufacturing plant in Munshiganj.
On 11 May 2019, ACI Motors Limited, the only distributor of Yamaha Motorcycles in Bangladesh, inaugurated Yamaha Motorcycle CKD Assembly Factory at Borochala, Sreepur, Gazipur with annual production capacity of 60,000 units. Yamaha Motorcycle CKD Assembly Factory was established by the direct collaboration of Yamaha Japan and the necessary equipment and technical supports are supplied by Yamaha Japan to ensure the quality in every stage of manufacturing. Two models will be assembled at the plant at first and manufacturing of motorcycles will start from 2020. [11] [12]
DRB-HICOM Berhad is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017. The Group also owns national motorcycle company Modenas, with Japanese two-wheeler giant Kawasaki as its partner. DRB-HICOM assembles cars in Malaysia for Tata Motors, Honda, Isuzu, Mercedes-Benz and Volkswagen, with plans for expansion. The Group also retails various brands such Audi, Mitsubishi and Volkswagen.
The automotive industry in India is the fourth-largest by production in the world as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales. In 2022, India became the fourth largest country in the world by the valuation of its automotive industry.
The automotive industry in Pakistan is one of the smallest but fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 3% of Pakistan's GDP and employed a workforce of over 3.5 million people as of 2018. Pakistan is the 23rd largest producer of automobiles. Its contribution to the national exchequer is nearly Rs. 50-billion. Pakistan's auto market is among the smallest but fastest growing in Asia. 269,792 cars were sold in 2018, but this number declined to 186,716 in 2019 due to austerity measures. In the 1990s and early 2000s, Pakistan had many Japanese cars. With the launch of the first Auto Policy in 2005, Pakistan launched its first indigenous car, Adam Revo. However, after the 2008 elections, the dollar started depreciating, and due to bad governance, many automakers began to halt production, with some exiting Pakistan. Currently, the auto market is dominated by Honda, Toyota, and Suzuki. However, on 19 March 2016, Pakistan passed a second "Auto Policy 2016-21," which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Proton Holdings, Kia, SsangYong, Volkswagen, FAW, and Hyundai have expressed interest in entering the Pakistani market. MG JW Automobile Pakistan has signed a memorandum of understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor, to bring electric vehicles to Pakistan. NLC signed an agreement with Mercedes-Benz to manufacture Mercedes Actros trucks in Pakistan. Pakistan has not enforced any automotive safety standards or model upgrade policies. A few older vehicle models, including the Bolan and Ravi, continue to be sold by Suzuki. On 8 July 2021, Jolta Electric launched the production of electric motorcycles.
Pragoti Industries Limited (PIL) is a Bangladeshi car assembling and car parts manufacturing company headquartered in Chittagong with a manufacturing plant in Barabkunda. Founded in 1966, it is the country's largest car assembling plant and it has assembled and marketed more than 50,000 vehicles such as cars, SUVs, buses, trucks, pickups, ambulances, tractors of multiple models by importing CKD kits from overseas.
This article provides an overview of the automotive industry in countries around the world.
The Proton Prevé is a four-door compact saloon developed by Malaysian automobile manufacturer Proton. It was launched on 16 April 2012 and is based on Proton's next-generation P2 platform. The Prevé is the saloon complement to its sister car, the Proton Suprima S hatchback, and is also the successor of Proton Inspira.
Runner Automobiles Ltd. (RAL) is a motorcycle and three-wheeler manufacturer based in Bangladesh. The company produces a range of motorcycles varying in size from 80 to 150 CC, and has become a major player in the sub 100 CC motorcycle segment in the country. In addition to motorcycles, Runner also produces three-wheeler auto-rickshaws in its Blaluka factory. The increase in disposable income among the general population and a rapidly growing middle class has contributed to the rise in demand for two-wheelers in Bangladesh. Runner offers 12 different models of motorcycles and scooters, with capacities ranging from 80 CC to 150 CC.
Tan Chong Motor Holdings Berhad (MYX: 4405), also known as the TCMH Group or simply Tan Chong Motor (TCM) is a Malaysia-based multinational corporation that is active in automobile assembly, manufacturing, distribution and sales, but is best known as the franchise holder of Nissan vehicles in Malaysia. The company was founded in 1957 by two Malaysian entrepreneurs, Tan Yuet Foh and Tan Kim Hor, with ambitions of importing and selling Datsun cars from Japan. Tan Chong Motor Holdings Berhad was incorporated on 14 October 1972, and in 1974, the company was listed on the Kuala Lumpur Stock Exchange.
The automotive industry in Indonesia plays an important role to the economic growth of the nation, contributing 10.16 per cent of the GDP. Indonesia automotive product exports is currently higher in value than their imports. In 2017, Indonesia is the 17th largest passenger vehicle producer in the world and the 5th largest passenger vehicle producer in Asia, producing 0.98 million vehicles.
The automotive industry in Malaysia consists of 27 vehicle producers and over 640 component manufacturers. The Malaysian automotive industry is the third largest in Southeast Asia, and the 23rd largest in the world, with an annual production output of over 500,000 vehicles. The automotive industry contributes 4% or RM 40 billion to Malaysia's GDP, and employs a workforce of over 700,000 throughout a nationwide ecosystem.
The automotive industry in Vietnam is a fast-growing sector mainly reliant on domestic sales. All currently produced models are designed abroad by foreign brands, and many rely on knock-down kit production. Due to high import taxes on automobiles, the Vietnamese government protects domestic manufacturing. Although Vietnam is a member of the ASEAN Free Trade Area, automobile imports fall under an exception. Since January 1, 2018, the 30% import tax has been discontinued as part of ASEAN agreements. Currently, the Vietnamese motor industry is not deemed competitive enough to make exports feasible. As of April 2018, 85% of car sales in Vietnam were produced domestically from knock-down kits.
PHP Family is a Bangladeshi conglomerate based in Chittagong. It was envisioned in 1969 by Sufi Mohammed Mizanur Rahman who is the chairman of the group as of 2018. PHP Group is active in business like steel, float glass, aluminum, textiles, power, petro, refinery, financial service, agro and so on.
The automotive industry in the Philippines is one of the largest in the Asia-Pacific region, with approximately 441.4 thousand vehicles sold in 2023. Most of the vehicles sold and built in the Philippines are from foreign brands. For the most part, the Philippines is dominated by Japanese automobile manufacturers like most of its ASEAN neighbors. The automobile production in the country is covered under the Philippine Motor Vehicle Development Program implemented by the Board of Investments. In addition, there are also a small number of independent firms who assemble and fabricate jeepneys and other similar vehicles, using surplus engines and drivetrain parts mostly from Japan.
Nitol Niloy Group is a Bangladeshi diversified conglomerate based in Dhaka. Its primary business is the import and distribution of Tata Motors vehicles in Bangladesh. Abdul Matlub Ahmad is the chairperson of Nitol Niloy Group. Selima Ahmad mp is the Vice-Chairperson of Nitol Niloy Group.
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