GarirNews.com
  • Home
  • Category
    • Cars
    • Ecology
    • Excursions
    • News
    • Tips
  • Second-Hand Cars
  • Contact
No Result
View All Result
GarirNews.com
No Result
View All Result
Home Cars

Bangladesh Automobile Sales Have Risen to Record Levels

Mohammad Rahman by Mohammad Rahman
8 December 2022
in Cars
1 0
0
Bangladesh Automobile Sales Have Risen to Record Levels
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The “15th Dhaka Motor Show 2022” has been a staple of CEMS-calendar Global in Bangladesh for the past 14 years. It has established itself as the One & Alone International Automotive Fair of Bangladesh. 

Bangladesh’s middle-class population is expanding rapidly, and despite rising import levies, the country’s automobile sales have risen to record levels. 

The “15th Dhaka Motor Show 2022” has also served as a platform over the years for the introduction of new models from Hyundai, Benz, Land Rover, Mitsuoka, Toyota Prius, and many more automakers. Bangladesh is one of the most powerful South Asian nations with a burgeoning economy. 

The number of new vehicles has increased significantly since the previous editions, and CEMS-Global has changed its strategic plan in 2019 to emphasize and strongly support vehicle distributors who are showcasing cars and trucks for the Middle Class and Upper Middle-Class Population as well as vehicles for Rural Usage, which is another significant and growing Market in Bangladesh. 

The “15th Dhaka Motor Show 2022,” which is slated to take place from June 23–25, 2022, is once again presented by “CEMS-Global USA” in collaboration with “CEMS Bangladesh.” It will be a glitzy exhibition of the global automotive and auto component industries.

The show’s well-organized layouts offer plenty of opportunities for business visitors and vehicle customers to network in a technologically advanced setting while also allowing them to explore the newest offerings on the market. 

Therefore, the Motor Show serves as a venue for commercial partnerships, strategic alliances, and networking. 

These partnerships can be for direct marketing, manufacturing, outsourcing, subcontracting, and design. According to the World Bank (WB), high export development and a recovery in domestic demand will help Bangladesh’s economy develop by 6.9% in the fiscal year 2022–2023. 

The Dhaka Stock market and the Bangladesh Stock Exchange are located in Dhaka and Chittagong, respectively, which are the main financial hubs of the nation. 

Bangladesh has the second-largest financial sector on the Indian subcontinent. Bangladesh’s economy is among the fastest expanding in the world. Bangladesh has the third-largest automotive sector in all of South Asia. 

A few sizable auto factories are located in Bangladesh, where Hino and Tata commercial vehicles and passenger automobiles from Nissan and Proton are assembled. Bangladesh’s vehicle industry is expanding overall. 

The expected yearly demand for passenger vehicles is 30,000 units, of which 5,000 units come from completely new cars. Since manufacturers are now providing new-generation, highly effective mobility solutions across many consumer categories, the demand for brand-new automobiles is rising. 

The private automobile sector is doing well all across the world. The market is anticipated to expand at a 4.4% annual rate through 2022, against the background of developed markets and consumers’ generally rising spending power in developing countries. 

The main causes of this anticipated growth are a more robust and stable world economy and the growing accessibility of affordable models.

This article is brought to you by Garirbazar, which offers the best vehicles and car prices in Bangladesh.

Tags: automobileBangladeshDhakaIndiaSouth Asia
ShareTweetPin
Previous Post

Baagh Eco Motors Propelled Its Environment-Friendly Two-Wheelers and Three-Wheelers

Next Post

Bangladesh Commercial Vehicle Sector to Boost Economic Growth

Popular

  • Best 7-Seater Cars in Bangladesh: Top Choices for Family and Comfort

    Best 7-Seater Cars in Bangladesh: Top Choices for Family and Comfort

    0 shares
    Share 0 Tweet 0
  • Toyota Sienta 2022 Price in Bangladesh

    0 shares
    Share 0 Tweet 0
  • Nissan Car Prices in Bangladesh: A Guide

    0 shares
    Share 0 Tweet 0
  • Unplanned Urbanization in Dhaka: Addressing Public Health Risks

    0 shares
    Share 0 Tweet 0

Tags

automobile Automobile industry Automobiles Automobile sector in Bangladesh automotive industry Bangladesh Bangladesh automobile industry Bangladesh automobile market Bangladesh Automobile Sector Bangladesh Automotive Industry Bangladesh Commercial Vehicle sector car maintenance Challenges China Developing automobile market in Bangladesh Dhaka Electricity Electric Vehicles Europe EV Financing Options fuel economy fuel efficiency Future Prospects headlights Honda hyundai India Industry Innovation Investment in Bangladesh automobile sector maintenance Mitsubishi Motorcycle Nepal Nissan safety features Sedan Sustainable Transportation SUV technology tires Toyota Ukraine Weather in Bangladesh

Archives

About

GarirNews.com

Garirnews.com is a digital news media platform with informative, entertaining and easy to consume content dedicated to people who are interested in everything related to the automobile as well as places to visit by car in Bangladesh.

Category

  • Cars
  • Ecology
  • Excursions
  • News
  • Tips

Info

  • Terms of Use
  • Contact

PARTNERS

  • GarirBazar.com
  • AsiacarGroup.com

© 2022 Garirnews.com - All rights reserved | Automotive news in Bangladesh. A service offered by Garirbazar.com, specialist in used cars in Bangladesh.

No Result
View All Result
  • Home
  • Category
    • Cars
    • Ecology
    • Excursions
    • News
    • Tips
  • Second-Hand Cars
  • Contact

© 2022 Garirnews.com - All rights reserved | Automotive news in Bangladesh. A service offered by Garirbazar.com, specialist in used cars in Bangladesh.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Your browser does not support the video tag.
    instagram default popup image round

    My name here

    Follow Me

    It is a long established fact that a reader will be distracted by the readable content of a page when lookin

    502k 100k 3 month ago
    Share