GET IN TOUCH

Full Throttle Ahead: The Automobile Industry of Bangladesh at a Crossroads

Profile
LightCastle Analytics Wing
May 31, 2021
Full Throttle Ahead: The Automobile Industry of Bangladesh at a Crossroads

Policy incentives have played a transformative role in the manufacturing sector of Bangladesh, resulting in over 90% of motorcycles and 85% of smartphones sold in the country being locally assembled or manufactured. With the introduction of the Draft Automobile Policy 2020, the government has set its sights on the automobile industry, offering fresh policy incentives. The question remains whether the previous success of progressive manufacturing can be replicated in this sector. 

Bangladesh aims to emulate the achievements of India, where the automobile industry contributes to an impressive 49% of manufacturing GDP and 4.3% of the country’s exports.

At this critical juncture, LightCastle Partners and Auto Rebellion present this white paper, focusing on the passenger vehicle segment of the four-wheeler industry. This segment encompasses sedans or private cars, sport utility vehicles (SUVs), and microbuses or multi-purpose vehicles (MPVs). 

LightCastle conducted a number of interviews with exclusive automobile importer-dealers which covered brands that captured more than 75% of the market share for new passenger vehicles, as well as a number of reconditioned car sellers. Additionally, a rapid online survey was conducted to gather insights from prospective customers intending to purchase a passenger vehicle.

During the course of this study, three reconditioned car sellers were also interviewed to gather comprehensive insights. Furthermore, LightCastle conducted a rapid online survey involving 32 prospective car buyers who expressed their intention to purchase a car within the next 12 months.

For an in-depth overview of the automobile industry landscape, a compilation of industry consensus, and recommendations for fostering sector growth, we invite you to download our full report. It provides valuable insights into the current state of the passenger vehicle industry in Bangladesh and sheds light on its future prospects.

To learn more about the Automobile Sector of Bangladesh Document download full report

Want to learn more about Management Consulting?

See Our Service


Profile
WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

For further clarifications, contact here: [email protected]

Want to collaborate with us?

Our experts can help you solve your unique challenges

Join Our Newsletter

Stay up-to-date with our Thought Leadership and Insights