The future of the automobile industry in Bangladesh

The automobile industry in Bangladesh, as a whole, is growing. We have an estimated annual demand of 30,000 units for the passenger vehicles among which brand new vehicles are contributing 5,000 units. The demand for brand new cars is increasing as manufacturers are now offering new generation, highly efficient mobility solutions across different customer segments.

Rangs Ltd. is the sole distributor of Mitsubishi Motors in Bangladesh. We have introduced almost all the models manufactured by Mitsubishi. Recently we introduced two new products, namely Xpander and Eclipse Cross. Xpander is a 7-seater utility vehicle for family use and Eclipse Cross has been designed to have the best safety features available with dynamic agility and ride comfort (152 hp). Our vehicles are rigorously tested in different road conditions to make sure they live up to the promised quality commitments.

It’s high time the automobile industry stepped into the era of progressive manufacturing. To do that we need to develop forward and backward linkages. The major challenges we face are lack of R&D, inadequate supply of locally developed reliable components, lack of sustainable demand and policy support and poor access to affordable financing. By overcoming these challenges, in the future we can introduce products that will boast the “Made in Bangladesh” tag and offer affordable mobility solutions to all customer segments.