Due to its growing affluent middle-class population and increasing purchasing power of the general people, Bangladesh’s automobile industry has recently enjoyed a steep increase in passenger vehicle sales thanks to the rising economic growth. The size of the country’s automobile industry, in particular the passenger vehicle segment, is much higher compared to other Asian peers. The market has grown multifold over the years and has become an industry worth USD 1 billion (BDT 84,969 million). Passenger vehicle sales are dominated by the sales of imported reconditioned cars, which contribute a significant percentage of import duties for the Bangladeshi government.

Copyright © 2022 Asia Events Group. All Rights Reserved.