In the backdrop of Dhaka city’s fabled traffic mismanagement and congestion, motorcycles offer a more affordable alternative to its counterpart–cars. The rising middle class of Bangladesh has been a significant driving force behind the motorcycle industry’s phenomenal rise as bikes are cheaper, easier to maintain and faster to navigate with than cars. Since 2010, the number of motorcycles in Dhaka alone has more than doubled to roughly 469,888 units. In this report, I tried to explain the current market scenario of this emerging sector. It will help to assess the potentialities and challenges underlying in this sector.

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Banglades
h
Motorcycle
Market
Study
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Current Motorcycle Market Scenario In BD
Last 5 year’s Motorcycle Sales Trend in Bangladesh (in thousands)
143
200
360
487
530
470
2015 2016 2017 2018 2019 2020
Source: Daily Star & Light Castle Partners
Bajaj
53%
Others
12%
TVS Auto
12%
Hero Honda
9%
Runner
8%
Walton
6%
Market Share
of Major
Players in
Motorcycle
Industry
Key Information regarding Bangladesh Market
1,500 motorcycles are being purchased every day. The
market size is BDT 5000 crore approximately.
As manufacturing cost of motorcycle is reduced and
demand growing fast, foreign brands have a strong motive
to establish plant in Bangladesh which will allow
customers to have quality motorcycle with lower price.
Around 80% motorcycles sold in Bangladesh are
manufactured locally. 30% of the raw materials are locally and
70% are imported.
Runner is the 1st Motorcycle Exporter of
Bangladesh.
BD govt. has reduced the Bike Registration fee
by 46-52% recently to increase the sales.
Sales of Bikes in 110-125ccsegments have
driven by the popularity of the ride sharing
service.
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Motorcycle Manufacturers & Assemblers in Bangladesh
No. Company Name Country Origin OEM Partner Factory Information Production
Capacity/year
Motorcycles Manufactured/Assembled in BD Model No.
1. ACI Motors Ltd. Yamaha, Japan ACI Group Borochala, Sreepur, Gazipur.
6 acres
60,000 Units Yamaha Saluto(125cc); Yamaha FZS FI Double Disc (149 cc)
These 2 models are currently manufactured in their plant and
apart from these they bring many models of Yamaha from
Japan
2 Aftab Automobiles Ltd. Benelli, Italy & Keeway,
Hungary
Navana Group Fouzdarhat Heavy Industrial
Estate, P.O- Jafrabad,
Chittagong
Factory Area: 30000 Sqft
10,000 Units BENELLI: TNT 165S, (165cc); TNT150 (150cc); TNT135
(135cc)
KEEWAY: RKR 165 (165cc); K Light (150cc)
3 Bangladesh Honda Pvt. Ltd. Honda, Japan Bangladesh Steel &
Engineering Corp.
Abdul Monem Economic
Zone, Gazaria, Munshiganj.
Factory Area: 25 Acres
100,000 Units Honda Dream (110cc); Honda CB Shine SP (125 cc); Honda
CB Hornet (160 CC); Honda X Blade (163 CC); Honda Livo
(110 CC)
4 H Power Motor Co. Limited H Power (Own Brand) &
Hyosung,Korea
New Grameed
Motors Ltd.
- 50,000 Units H Power Bikes: Robot-Z(165 cc), Max-z(150 cc), ROX-R (150
cc). Zaara-100(100cc), Premio(100cc)
Hyosung Bikes: HYOSUNG GV125C (125cc), H power-125
Scooty (125cc), Super-R Scooty (100 cc)
5 HeroMotoCorp Bangladesh (Hero 55%
& Nitol Niloy 45%)
HMCL Netherlands BV Nitol Niloy Group Noapara, Jessore
Factory Area: 12.35 acres
150,000 units Hero Glamour (124.7 cc), Thriller 160R (163cc), Hero Hunk (149.2
cc), Hero Achiever (149.1 cc), Splendor iSmart+ (109.15cc ),
Splendor+(97.2 cc), HF Deluxe (97.2 cc), Ignitor (124.7 cc) etc.
6 Karnaphuli Industries Ltd. Haohue Motorcycle, China Karnaphuli Group Assembly Plant- 213/214,
Baizid Bostami Road
Industrial Area,Chittagong
- Haojue DR160S (162 cc), Haojue TR 150 (149cc), Haojue KA
135 (135cc)
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Motorcycle Manufacturers & Assemblers in Bangladesh cont.
No. Company Name Country Origin OEM Partner Factory Information Production
Capacity/year
Motorcycles Manufactured/Assembled in BD Model No.
7 Rancon Motorbikes Ltd. Suzuki, Japan Rangs Group Savar, Dhaka 20,000 units Intruder ABS FI (155cc), The New Gixxer (155cc), The Street
King (147.3cc), GSX-R Dual ABS (147.3cc), Burgman
Scooter (125cc) etc.
8 Rasel Industries Ltd. Lifan (China), VICTOR-R
(China) , & MOTOCROSS
(Australia)
Rasel Industries Assemlbly Plant: Jatrabari,
Dhaka
- LIFAN: KP 150 (150cc), Strike (125 cc), Glint (100cc),
VICTOR –R: V80 Xpress (80cc), V100 X (105cc), V100 Link
(100cc), V110 Link Advance (110cc)
9 Roadmaster Motors Ltd. Own Brand & Guangzhou
Dayung , China
Update Group Savar, Dhaka - Roadmaster Rpido 150 (150 cc), Roadmaster Rapido 165
(165cc), Roadmaster Velocity (100cc), Roadmaster Delight
(100cc), Roadmaster Prime (85cc), Roadmaster Prime 100
(100cc)
10 Runner Automobiles Ltd. (Runner) Own Brand,
Dayang (China), Bajaj-KTM
(India),
Runner Group Bhaluka, Mymensingh.
Factory Area-49.44 acres
50,000 units Runner-UM: eWave Electrica Scoter (60V20AH 800W),
XTREET 150x(149cc), RENEGADE SPORT(149 cc) etc.
KTM: Duke 125 (124.7cc) and RC 125 (125cc)
11 Speedoz Ltd. Zhejiang Qianjiang, China
FKM motorcycle, Germany
(Importer) - - FKM Street Scrambler 165 SX (164cc), FKM StreetFighter
165 SF (164cc)
12 TVS Auto Bangladesh TVS, India REL Motors Ltd-Rangs
Group
Assembling Factory-Tongi,
Dhaka
Factory Area: 5.13 acres
2,16,000 units Apache RTR 4V, Apache RTR 2V, Stryker, Rockz, Max,
Metro plus, Metro, Wego, Jupiter and XL100
13 Uttara Motors Ltd, Bajaj, India Uttara Group Zirani Bazar, Gazipur
Factory Area: 10 acres
1,50,000 units Pulsar NS 160 FI ABS (160.3CC), Avenger Street 150
(150cc), V15 (149.5 cc), CT 100 (100cc), Discover 100
(94.38cc) Discover 125 ( 125 cc), Platina 110 (124.6 cc),
Platina ES (102 cc)
14 Walton Motors Own Brand, Walton Walton Group Chandra, Gazipur
Land Area: Total 680 acres
for all operations.
- Walton Xplore 140 (138cc), Walton Fusion 125 (124 cc),
Walton Fusion 125EX (125cc), Walton Fusion 110 (107cc),
Walton Cruize 100 (97cc), Walton Stylex 100 (97cc), Walton
Leo 90 (86cc), Walton Prizm 110 (107cc), and Walton Ranger
(99 cc)
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Factory Locations of Major Motorcycle Manufacturers &
Assemblers in Bangladesh
Dhaka
Chittagong
Khulna
Sylhet
Rajshahi
ACI Yamaha Assembling Factory- Gazipur
Bangladesh Honda Pvt. Ltd. – AMEZ, Munshiganj
HeroMotoCorp Bangladesh – Noapara, Jessore
TVS Auto Bangladesh-Rangs Group- Tongi, Dhaka
Rancon Motorbikes Ltd.(Suzuki-Rangs)- Savar,
Dhaka
Aftab Automobiles Ltd.- Baizid Bostami Road
Industrial Area,Chittagong Chittagong
Bajaj-Uttara Motors Ltd.- Savar, Dhaka
Roadmaster Motors Ltd.- Savar, Dhaka
Haohue -Karnaphuli Industries Ltd.-Baizid
Bostami Road Industrial Area,Chittagong
Runner Automobiles Ltd.- Bhaluka, Mymensingh
Major cities
Capital
Legend
Walton Motors- Chandra, Gazipur
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Incentives & Government Facilities
The government formulated the Motorcycle Industry Development Policy
2018 to facilitate local production and diversify the country’s apparel-
dominated export basket.
The policy aims to manufacture 5 lakh motorcycles a year by 2021 locally
and double that by 2027.
The government has reduced supplementary duties on imported parts to
20% from 25% used in local manufacturing of motorbikes, which has greatly
reduced the cost of production. Given that 70% of the parts used in
motorbike assembling and manufacturing are imported, these cuts in
supplementary duties represent a huge financial blessing to local
manufacturers.
Cash incentive: 10 percent cash incentive on motorcycle export
Custom duty is 92 per cent for CKDs, while it is 38 per cent for local
manufacturers.
Bikes with a capacity of up to 165cc can be imported, according to the Import
Policy Order 2015-2018 of Bangladesh.
With a new SRO published recently, local assemblers can now import engines with
the gearbox and speedometer instead of having to purchase them separately.
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