Arab Today, arab today honda plans to assemble motorcycles in bangladesh
Last Updated : GMT 03:42:20
Arab Today, arab today
Arab Today, arab today

Honda plans to assemble motorcycles in Bangladesh

Arab Today, arab today

Arab Today, arab today Honda plans to assemble motorcycles in Bangladesh

Dhaka - AFP

Japan’s Honda Motor signed a joint venture deal with Bangladesh’s state-owned steel corporation BSEC Thursday to assemble motorcycles for the South Asian nation’s booming economy, officials said. The Japanese automobile giant will own 70 percent stake in the company, called Bangladesh Honda Private Limited, with the rest owned by Bangladesh Steel and Engineering Corporation, said BSEC director Mobarak Hossain. The venture will assemble motorcycles at a rented facility from next year with the first year’s production target of 30,000 pieces, he said, adding the parts would be imported from Honda plants in neighboring nations. “But our plan is to manufacture motorcycle engines and other key parts in Bangladesh in about five years’ time. We’ll move to a permanent factory after two years and then gradually we’ll increase production,” he said. Sales of motorcycles have been booming in Bangladesh with the building of a road network that now connects almost every village and town. Last year 107,927 motorcycles were sold in the country, with a yearly growth of 22 percent, according to the Bangladesh Road Transport Authority, which keeps the data on new vehicle sales.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today honda plans to assemble motorcycles in bangladesh Arab Today, arab today honda plans to assemble motorcycles in bangladesh

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today honda plans to assemble motorcycles in bangladesh Arab Today, arab today honda plans to assemble motorcycles in bangladesh

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Auto: أخبار السيارات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday