Hyundai recently opened a car manufacturing plant in Bangladesh. The plant is located at Bangabandhu Hi-Tech Park in Kaliakore, Gazipur. If you want to see Hyundai car details you can check our Hyundai Car Price in Bangladesh article or for all brand cars check the Car Price in BD page.
Over the past few years, we’ve heard the news of local companies setting up automobile manufacturing plants all over Bangladesh. Now we’re one step closer to having locally made cars on the road much longer than we used to.
Fair Technology Limited is the sole distributor of Hyundai cars in Bangladesh. Aiming to provide affordable sport utility vehicles, Faire Technology has partnered with the Korean automobile to serve the growing Bangladeshi market. Demand for new cars in Bangladesh is growing by 5% yearly, with around 5000 cars sold across the country.
Hyundai Motor Company plans to open a car factory in Bangladesh that will provide affordable vehicles to local customers and help develop the automotive industry in the country. The factory will also benefit Bangladesh by increasing the number of globally recognized cars produced there.
Fair Technology Limited has signed an agreement with Hyundai to start production of passenger vehicles at its Kaliakor, Gazipur plant. Besides vehicles, the plant will manufacture original spare parts and provide after-sales services to Hyundai customers.
The Hyundai plant in Gazipur could be a game changer for Bangladesh’s car market and industry. The partnership will also benefit South Korea, which is looking to enter the Bangladeshi market more aggressively.
Industries Minister Nurul Majid Mahmud Humayun inaugurated the Hyundai car plant as the chief guest. ICT State Minister Junaid Ahmed Palak, Captain Tajul Islam, South Korean Ambassador to Bangladesh Lee Jang-Keun, Fair Group Chairman Ruhul Alam Al Mahbub, its Director Mutassim Daiaan, and Hyundai Motors India Managing Director and CEO Unsoo Kim participated.
Bangladesh Industries Minister Nurul Majid announced that Hyundai became the country’s new popular car brand. The news signals a major shift in the Bangladeshi automotive culture and is expected to impact Hyundai’s bottom line positively.
According to the head of Hyundai’s operations in Bangladesh, Bangladesh is a fast-growing country with many opportunities. The government has pledged to support Hyundai’s growth in the country.
Fair Group Chairman Mahbub announced that they would invest more in Bangladesh and create more jobs for the citizens. He also said that the time has come for Bangladesh to move forward, and they are committed to helping the country grow.
South Korean Ambassador Lee said Fair Technology’s Hyundai automobile factory would give Bangladeshi consumers access to globally recognized, high-quality vehicles at affordable prices. This project will help technological and industrial development in the automotive industry in Bangladesh.
The arrival of Hyundai Motors will have a positive impact on the economy of Bangladesh as a whole. This impact will be felt across industries and sectors.
The Ambassador believes South Korea will strengthen relations with Bangladesh by manufacturing Hyundai cars in Bangladesh. He also hoped that as a result of this, a strong friendship would be created between the two countries.
