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.
