Manufacturers hope to make cars affordable; Kia set to start assembling soon, Mitsubishi to open second plant
Despite a slump in the car market with unit prices shooting up by over 50% in Bangladesh since the Covid pandemic, global car manufacturers are turning to local assembly encouraged by huge duty benefits and tax-VAT waivers offered by the government to reduce prices and boost sales.
Success of the first movers since the duty benefits in mid-2022, like Korean Hyundai,…
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Source: https://www.tbsnews.net/bangladesh/duty-breaks-lure-more-car-brands-local-assembly-830671?amp