+ Bangladesh has the potential to become the main supplier of jute to the global car industry, which uses the natural fiber to manufacture the interiors of vehicles. The global car industry needs about 10,000 tonnes of jute a year, of which 12,000 tonnes comes from Bangladesh. The country started jute to high-end car brands like BMW, Mercedes-Benz, Volvo and Audi in the early 2000s. (The Daily Star – 27 March 2018)

+ Asia’s leading commercial vehicle manufacturer, Mitsubishi Fuso Truck & Bus Corporation (MFTBC) has appointed Rancon Trucks and Buses Ltd as its authorized general distributor in Bangladesh. Rancon Trucks will be responsible for the import and wholesale businesses exclusively for the Fuso brand of trucks and buses in the country. (The Daily Star – 18 March 2018)

+ According to Bangladesh Road Transport Authority, the number of registered motor vehicles has reached an all-time high of 420,384 units as of December 2017. This records an increase from the previous number of 416,410 units for December 2016. (CEIC [ A Euromoney Institutional Investor Company] – 2018)

+ Around 63 cars are sold in Bangladesh every day now – the highest in the country’s history – with the number of imported cars having increased threefold since the 2012-13 fiscal year. According to BARVIDA (Bangladesh Reconditioned Vehicles Importers and Dealers Association, around 7, 353 reconditioned cars were sold in FY2012-13 and 20,149 cars were sold in FY2016-17. The increase in car sales is due to the increasing purchasing capacity of the middle class, as well as an emergence of easier credit facilities. (Dhaka Tribune – 21 February 2018)

+ Nitol-Niloy Group, importer of Tata vehicles in Dhaka has invited Tata Motors to set up Tata Ace assembling unit in Bangladesh to cater to the North Eastern India and Myanmar markets. The Chairman of the Group, Abdul Matlub Ahmad wants Tata Motors to leverage on their existing JV, Nita Co, to add on to the assembling unit. Nita Co, is the sole distributor of Tata Motor trucks in Bangladesh, and has an assembling unit for medium and heavy-duty vehicles. (The Hindu Business Line – 17 March 2018)