Intraco to assemble India’s Ambassador cars
Star Business Report
Intraco Motors struck a deal with Hindustan Motors Ltd to assemble the Indian company’s Ambassador cars in Bangladesh, officials said yesterday.
Intraco, known for its business in CNG conversion workshops, will spend $10 million to build an assembly plant in Savar, said Riyadh Ali, the company’s managing director.
The plant will be ready soon to assemble more than 5,000 cars in the next two years, Ali said in a press briefing at Sonargaon Hotel in Dhaka. The cars with steel body could run on CNG, petrol or diesel.
Intraco introduced two Ambassador cars in Dhaka: the first — priced at Tk 22.50 lakh — is air-conditioned with a 1,800cc engine to run on petrol or diesel. The second has a 1,500cc diesel-run engine with a price tag of Tk 13.50 lakh.
Hindustan Motors started production of Ambassador cars in 1948 from a factory in West Bengal. The first version of the car, built in 1942, was based on Morris Motor Co’s Morris Oxford model. The vehicle is now powered by engines made with Isuzu Motors technology, while the shape has remained almost unchanged for more than five decades.
Industries Minister Dilip Barua attended the event as the chief guest. Acting Indian High Commissioner Sanjay Bhattacharyya and Managing Director of Hindustan Motors Manoj Jha also spoke.