Maruti competes with world leaders at Dhaka motor show
India's Maruti is on display along with major global vehicle makers at the Dhaka motor show, hoping to increase its share in Bangladesh's tiny auto market.autos Updated: Mar 19, 2009 11:12 IST
India's Maruti is on display along with major global vehicle makers at the Dhaka motor show, hoping to increase its share in Bangladesh's tiny auto market.
Car sales registered a 15 per cent rise from 3,500-4,000 in 2007 to 4000-4,500 during 2008.
Despite global economic gloom seemingly depressing the local market of brand new cars, automobile dealers are importing new models and making vigorous marketing drives to keep up sales, New Age newspaper said.
The four-day Lucas Dhaka Motor Show was opened by Commerce Minister Faruk Khan who said Bangladesh's automobile market "has become very vibrant in recent years".
He suggested that automobile businessmen and the government should think how Bangladesh's own car industry and brands could be developed.
As of now, the Bangladesh auto market is dominated by re-conditioned cars, mostly Toyota.
Toyota, Hyundai, BMW, Nissan, besides car-makers from China and Malaysia are among the participants who have put up new models on show at over 250 booths.
First Published: Mar 19, 2009 11:12 IST