Indian automobile manufacturers are keen to increase their market share in Bangladesh after posting regular sales growth in the last couple of years, thanks to fast monetary growth and a rise in purchasing power. Indian passenger vehicles, in particular sports utility cars (SUVs), witnessed a mean income boom of 20 percent in Bangladesh in the last three years despite the dominance of Japanese reconditioned cars. In step with local vendors, the proportion of Indian automakers in Bangladesh’s emblem-new car section reached nearly 35 percent in 2018.
Talking to The Daily Star, officers of Indian automakers and nearby vendors, who’re taking part in a four-day Indo-Bangla Auto Show in International Convention City Bashundhara of the capital, said the auto area in Bangladesh was thriving along with the monetary boom. “The middle magnificence who likes smooth travel in their daily life prefers Indian Suzuki vehicles due to its gas performance and coffee preservation value,” stated Khaan M Sakib Us Salehin, deputy standard manager for income of Uttara Motors, the sole distributor of Suzuki India.
According to him, the demand for Indian Suzuki cars might regularly increase as people realize that the automaker uses Japanese technology. He stated that their sales increased 18 to 20 percent over the past five years, at the same time as their annual increase target changed to 30 percent. Salehin said customers should buy Suzuki’s modern-day 1,500cc hybrid motors with computerized transmission for Tk 22 lakh to Tk 24 lakh.
Md Shafiul Abedin Khan, deputy manager for sales of Rancon Autos, the distributor of Mahindra and Mahindra, said clients who want to shop for SUVs at the rate of a Japanese sedan decide upon Mahindra automobiles due to their cheap rate and gasoline performance. He also stated they have been offering a three-year after-income provider guarantee even when handling bank loans for clients. He said that Uttara Motors sold five devices of a newly released hybrid vehicle on the honest.
He additionally claimed that Mahindra has been rapidly enhancing its car technology to fulfill clients’ needs. Khan stated that top officials of corporate houses, banks, overseas non-government establishments, and administrators of government improvement projects are the main customers of Mahindra’s SUVs.
Top officers of corporate houses who want SUV centers at aggressive expenses opt for Mahindra automobiles, he stated.
Mahindra showcases all flagship fashions within the passenger car class, which can be sold in Bangladesh. These include the Maxximo HD and BOLERO PIK-UP and SUVs like the TUV300 and Bolero Power Plus.
Sanjay Jadhav, VP and head of worldwide operations, Mahindra and Mahindra, said that Mahindra had installed a robust presence in Bangladesh over the last two decades, relying on partners and various latest-generation merchandise.
Intending to introduce the Mahindra automobile as a neighborhood car within the coming days, he started to rope in Pragati Industries, a state-run car assembling plant.
Rohit Kumar Mandal, deputy manager of export (sales, advertising, and marketing) at MRF, said the tire manufacturer sees a vivid future business opportunity in Bangladesh.
MRF has been present in the Bangladesh market for more than many years with its complete variety of merchandise, from the smallest scooter tires to the largest off-the-avenue ones.
Abdul Matlub Ahmad, chairman of Nitol Niloy Group, the sole distributor of Indian car giant Tata Motors, stated that Indian automobile manufacturers have captured the economical automobile segment with reliability.
He also turned positive about the passenger vehicle section of Indian vehicles.
He said that if the government formulates a plan to establish four-wheeler production vegetation, prices will come down in the long run, and the market will increase.
In this regard, Sugata Sen, deputy director of the Society of Indian Automobile Manufacturers, stated Bangladesh wishes to set up production vegetation for the fast development of the car industry.
He said that trading no longer delivers widespread development for the arena and does not generate employment possibilities and a professional workforce.
“It is the pleasant time for Bangladesh to install manufacturing plants thinking about the auto zone’s boom,” said Sen, adding that Indian automakers had been prepared to help Bangladesh set up knocked-down manufacturing flora. He said that even car element makers are searching for partners to set up plant life in Bangladesh.