Category Archives: Automobiles/Vehicles

Local motorcycles could grab Asia market

http://www.theindependentbd.com/business/others/88442-local-motorcycles-could-grab-asia-market.html

Local motorcycles could grab Asia market

A Bangladesh-manufactured Walton Motorcycle. Source: http://www.waltonbd.com/index.php/pages/phandler/single_product/pid/2/id/61

Author / Source : STAFF REPORTER

DHAKA, JAN 5: The country’s emerging motorcycle industry could grab a significant portion of the Asian market if provided with proper government policy support, stakeholders said on Thursday.

The manufacturers, importers, dealers involved in the motorcycle industry demanded access to finance, energy security and infrastructure development to continue the industry’s impressive growth, which was 25 per cent last year. The stakeholders were speaking at a meeting on “Developing policy guideline for basic motorcycle manufacturing industry in Bangladesh” organised by International Business Forum of Bangladesh (IBFB) in the capital.

Md Mojibur Rahman, chairman of Bangladesh Tariff Commission, was present as the chief guest. ABM Khorshed Alam, additional secretary at the Ministry of Industries, Md Shah Alam Khan, member (Customs), National Board of Revenue, and Mahmudul Islam Chowdhury, president of IBFB, were also present.

M Kamal Uddin, director of Institute of Appropriate Technology, BUET, presented a keynote paper at the meeting.

“The tariff policy needs revision, especially the supplementary duties has to be reduced,” said Md Lokman Hossain, international marketing manager of Walton Automobiles, leading motorcycle manufacturer of Bangladesh.

“The bicycle industry gets 15 per cent cash incentives for exports, but we aren’t getting any. We have manpower and technology. We only need government’s support,” Hossain said. The raw material procurement policy and technology transfer mechanism should also be in place to rev up the industry growth, he added.

Motorcycle sales each year in the developing countries account for 90 per cent of the world consumption, Kamal Uddin in his paper said.

“Honda Motors of Japan dominated the Asian motorcycle industry because of their strong R&D, proper management and innovation,” Kamal said. The government has to formulate technology development and innovation policy and national skill committee to develop skilled manpower for this sector, he added.

China is currently leading the motorcycle production in Asia, accounting for 50 per cent of the total production of 17 million units per year.

India produces 5 million, Japan 1.5 million and Vietnam 2 million units per year.

Bangladesh motorcycle industry is one of the fastest growing industries in the country. Stakeholders are expecting a 25 per cent annual growth in the next five years.

The domestic demand is met by imports from Japan, India, Taiwan, China and Pakistan.

Kamal said a regulatory body should be formed inside Bangladesh Road Transport Authority (BRTA), with representations from FBCCI, BSTI, NBR and BUET, to coordinate among different bodies in the industry.

Bangladesh motor industry has three types of motorcycle suppliers: importers, assemblers and manufacturers.

The industry has three divisions: CBU (Completely Build-up Unit), CKD or SKD  (Completely or Semi Knocked Down) and manufacturing. Few local enterprises like Walton Automobiles and Runner Automobiles have taken initiatives to manufacture motorcycles locally.

Road Master Ltd, Honda and Bajaj are going to set up manufacturing plants soon.

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Intraco to assemble Ambassador car

http://www.theindependentbd.com/business/others/86249-intraco-to-assemble-ambassador-car.html

Intraco to assemble Ambassador car
Author / Source : Jasim Uddin Khan

Dhaka, Dec 23: Intraco group, the leading CNG conversion company in the country will assemble India’s Hindustan Motors’ iconic Ambassador car. The company management last week talked with Hindustan Motors India and advanced into an ‘in principal agreement’ in this connection.

Intraco group, the owning company of Agrabad Hotel, Chittagong is constructing a factory at Savar aiming to assemble 200 Ambassador Car per month in Bangladesh within next two years. “Initially, we will be importing the Ambassador car to Bangladesh as a complete built unit (CBU), which has already started on a trial basis. When the volume attains a certain number, we will also bring as completely knocked down (CKD). We have entered into an in-principle understanding with Hindhustan Motors India,” Riyadh Ali, Managing Director of Intraco Group said. He said the aim is to use Ambassador cars as taxicabs for Dhaka’s road.

Once widely popular for both personal and institutional use, the Ambassador lost its popularity, despite India becoming a hot spot for global car makers. The car’s diesel engines (1.5 litre and 2.0 litre) are yet to attain BS-IV emission norms, made mandatory in 13 major cities from April 2010. In 2010-11, HM sold 10,097 vehicles, compared to 11,003 in 2009-10. Sales of the Ambassador dropped to about 6,600 last year, compared to a little over 8,000 in the previous year. It has since further declined, with sales so far being only half of the previous year.

The company is working on a new-look Ambassador, with changes in both exterior and interior design, to attract the younger generation. The vehicle, which the company believes will help it stay relevant in the present market, is likely to be unveiled next year.

Intraco group started business from residential hotel to Real Estate, Shipping Lines, Cold Storage, Yarn & Dying has achieved around 150% growth from its 18 sister concerns.

Intraco to assemble India’s Ambassador cars

http://www.thedailystar.net/newDesign/news-details.php?nid=210821

Intraco to assemble India’s Ambassador cars

Industries Minister Dilip Barua launches two Ambassador cars, brought by Intraco Motors, at a programme at Sonargaon Hotel in Dhaka yesterday. Intraco announced a plan to assemble the cars of India's Hindustan Motors in Bangladesh. Photo: Intraco Motors

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.

Pragati’s Pajero SUV handed over to president

http://newagebd.com/newspaper1/business/40139.html

Pragati’s Pajero SUV handed over to president
Bangladesh Sangbad Sangstha . Dhaka

Industries minister Dilip Barua on Tuesday handed over the key of a modern Pajero Sports Utility Vehicle, assembled by the local automobile engineers of state owned Pragati Industries Ltd, to president Zillur Rahman at Bangabhaban in Dhaka.

On the occasion, the industries minister apprised the president that the Pragati Industries Ltd, an enterprise under the industries ministry, has recently assembled two Pajero SUVs as test run in line with its agreement with world renowned Japanese Mitsubishi Motors Corporation.

The minister informed the president that the Pragati Industries was presently working on assembling more 100 Pajero SUVs in Bangladesh to sell those commercially.

The experts of Mitsubishi Motors has issued the certificate of marketing the Pragati assembled Pajero SUVs after conducting detail quality check of the new assembled vehicles.

Dilip apprised the president that Pragati Industries Ltd was also working to assemble Sedan in Bangladesh. ‘We can be able to sell our assemble Sedans in next year,’ he said.

The minister also informed that so far Pragati assembled 30 Pajero CR-45 jeeps and of them 15 were sold to the government organisations.

President Zillur thanked all concerned with the Pragati Industries to assemble modern vehicles locally.

100 Pajero jeeps a year : Pragati

http://www.theindependentbd.com/business/others/78673-100-pajero-jeeps-a-year–pragati.html

100 Pajero jeeps a year : Pragati
Author / Source : UNB

Dhaka, Nov 4: Pragati Industries Limited (PIL), the country’s lone state-run automobile assembling industry, is ready to supply at least 100 Mitsubishi’s most modern Pajero Sports (CR 45) jeeps each year to meet the individual buyers’ demand. “We’ve signed an agreement with Rangs Motors Limited. It took effect in October. We’ll supply at least 100 jeeps each year and the number will go up in line with its demand,” PIL managing director Engineer M Ali Chowdhury said on Friday.

Chowdhury said Rangs Ltd will sell the jeeps at individual level and the price will be fixed based on the ground realities.

Talking to this correspondent, Industries Minister Dilip Barua said, “It’s just the start. We’ll put in our best efforts to expand the production volume ensuring the quality.”  On Nov 1, Dilip Barua at a function handed over the key of a Pajero Sports Utility Jeep assembled by Pragati to the Prime Minister.

On October 14, Pragati’s Pajero jeep was formally launched with a total of 30 assembled Pajero sports jeeps. Pragati has a plan to start marketing Progati-assembled Sedan car by 2012.

Mitsubishi Motors Corporation and Pragati Industries Limited signed a five-year agreement on July 8, 2010 for the production and sale of this new Pajero jeep.
The price of the jeep has been fixed at Tk 69 lakh.     UNB

Progoti eyes big as Japanese car imports drop

http://www.daily-sun.com/?view=details&type=daily_sun_news&pub_no=202&cat_id=1&menu_id=3&news_type_id=1&index=0

Progoti eyes big as Japanese car imports drop
Gets more land for expansion
Asif Showkat

The government is going to allocate more land to Progoti Industries Ltd for expanding its car assembling capacity as the state-owned venture eyes to increase its share in the local car market fallowing a fall in Japanese vehicle import.

In this regard, “Industry ministry has decided to provide 4.31 acres of land of Bangladesh Can Company Limited to Progoti to set up new machinery for the expansion of its automobile assembling capacity”, a senior ministry official said.

He also said Progoti will cash in on the opportunities brought by the tragic earthquake and subsequent tsunami in Japan, which has slashed car import from the traditional automobile importing destination of Bangladesh.

Vehicle production in Japan has already dropped by 53.6 per cent while its domestic consumption has also plummeted following the massive disaster in March this year which lashed havoc on life the economic activities in the third largest economy of the world.

“State-owned Progoti Industries Ltd will start assembling Pajero Sports car of Mitsubishi Motors from June this year while production of 1,300cc Sedan cars will begin from June 2012,” Industries Minister Dilip Barua told daily sun yesterday. For this, the state-owned industry badly needs land and equipment, he added.

He also said Bangladesh should produce automobile parts locally to save the foreign currency being spent on imports. “Land would be provided to Progoti as per the government’s plan to expand its capacity,” he said.

The industries ministry recently has asked the Privatisation Commission to drop the name of Bangladesh Can Company from its privatisation list as some portion of its land was handed over to Chittagong Nuclear Energy Centre and another portion would be handed over to Progoti.

The commission has also sent the proposal to the Cabinet Committee o Economic Affairs for its approval. It also has decided to exclude Bangladesh Can Company from the list of companies to be privatised.

The government started a project to assemble Sedan car Lancer Ex and Pajero sports vehicle in Bangladesh under a joint venture with Progoti Industries Ltd and Japanese automaker Mitsubishi Motors.

The Japanese carmaker is currently assembling Pajero Jeep V6 for Bangladesh under a deal with Progoti.

Presently, Bangladesh’s annual demand for car is around 30,000 units, dominated mostly by reconditioned Japanese cars.

Walton motorbike show from April 4

http://www.theindependentbd.com/business/others/40575-walton-motorbike-show-from-april-4.html

Walton motorbike show from April 4
Staff Reporter

Dhaka, Mar 22: For the first time in the country, Walton is going to organise a three-day motorbike show at Bangabandhu International Conference Centre in the city from April 4. The organiser claims that the show will bring to light the positive aspects of motorbikes. It ensures comfortable journey and helps to avoid traffic jams that are now posing a formidable threat to normal life style and the over all development of our country.

Different companies from home and abroad will exhibit their best models at the show  along with Walton, the country’s leading electronics, electrical and automobile manufacturing and marketing brand.

To make the show a success, Walton has already launched a publicity campaign at eight private universities and will continue the campaign at other universities in a bid to encourage students and young people.  On Sunday Walton conducted its publicity campaign on IUB campus in Bashundhara Residential area and on AIUB campus at Banani in the city.

Models Emon and Piasa were present at the programmes attended by several thousands of students. Mijanur Rahman, Walton director and international marketing expert, Shaheen Sarker, manager, and Udoy Hakim, deputy manager, of Walton creative and media department, and Enaet Ferdous, Walton adviser, were present, among others, at the programmes.

In his speech, Walton Director Mijanur Rahman said “For the first time in the country Walton is going to arrange the show with a view to popularising the motorbike use to ease traffic jam”.

There is no alternative to the use of motorbike to get rid of heavy traffic jam in the Dhaka city and ensure safe roads all over the country, he opined.

Walton is now manufacturing and marketing ultra modern technology incorporated energy saving remote control motorcycles and trying to reach the motorcycles within the capacity of young people, specially the students.

Due to world standard quality, Walton brand motorcycles are being exported to different countries of the world, he said.