Hyundai’s joint venture with Bangladesh’s Nitol Motors Next year, cars manufactured by Hyundai in Bangladesh will be available on the roads. These cars will bear the label “Made in Bangladesh.”
Investment in Local Manufacturing
The joint venture between Hyundai and Nitol Motors is a significant investment in Bangladesh’s automotive industry. The production of Hyundai cars locally will help reduce the country’s dependence on imports and create job opportunities for the local workforce.
Capacity and Production
The car manufacturing plant in Bangladesh is expected to have an initial capacity of 6,000 cars per year, with plans to expand production in the future. The plant will produce various models of Hyundai cars, including sedans, hatchbacks, and SUVs.
Boost to Local Economy
The establishment of the car manufacturing plant in Bangladesh is expected to provide a boost to the local economy. The production of Hyundai cars will create jobs for skilled workers, contribute to the development of the local supply chain, and generate revenue from exports.
Focus on Quality and Safety
The joint venture between Hyundai and Nitol Motors will prioritise quality and safety in the production of the cars. In addition, the cars produced in the Bangladesh plant will undergo rigorous testing to meet global standards.
Conclusion
The production of “Made in Bangladesh” Hyundai cars marks a significant milestone for the country’s automotive industry. The investment by Hyundai and Nitol Motors is expected to create job opportunities, boost the local economy, and improve the quality and safety of cars produced in the country. With continued investment and support, Bangladesh’s automotive industry has the potential to grow and compete globally.
