Hyundai Makes Innovation Driven in Bangladeshi Automotive Market

One of the globally renowned automobile brands from South Korea has been enjoying its popularity in the automobile market of Bangladesh for a long time. Other than the fact that the Hyundai brand was established to produce cars that are good value for money and long life, it is given a strong preference by the Bangladeshis who are looking for budget-friendly and quality products. Along with the car manufacturing brands of major multinational companies, Hyundai is one of the most emerging ones in the market which can provide the needed opportunities for Bangladeshi drivers. It has both the desirable travel convenience, comfort, and security features together with the critical functions.

For decades, the automotive market in Bangladesh has been dominated by Japanese brands like Toyota, Honda and Mitsubishi. However, in recent years South Korean automaker Hyundai has been steadily gaining market share and mindshare among Bangladeshi consumers.

Hyundai Brand History

Hyundai, a South Korean automaker with a history of over 50 years, is one of the most challenging significances in the global car industry. This specific brand, known for producing quality, nicely designed, and cheap vehicles, plans to expand to Bangladesh as well. Hyundai’s journey started in 1967, and at the end of the 20th century, it was already an internationally respected brand. Today, it carries this title and has become the third-largest auto producer in the world.

A look back at Hyundai Brand History in Bangladesh

Hyundai Motor Company, one of the leading automobile manufacturing companies in South Korea, granted Fair Technology Ltd. the status of national strategy partner in Bangladesh. Under this partnership, Fair Technology will function as a manufacturer and authorized distributor of Hyundai passenger vehicles in Bangladesh and will also provide after-sales services to the markets as well.

In 2021, Bangladesh’s journey with Hyundai started and Fair Technology was part of the Hyundai assembly plant. It is symbolic of the end of the old era and the beginning of a completely new era not just for Bangladesh’s car market but also for the overall industrial progress and development of Bangladesh. Fair Technology is the only authorized marketer to sell Hyundai car models in Bangladesh.

The modern factory was opened in January 2023 and manufactures the popular Hyundai SUVs: Creta and Tucson. In January 2018 the company announced its intention to start producing sedans and MPVs. This cooperation between both companies is not only going to bring high-quality automobiles from Hyundai to the Bangladeshi masses but also to create new jobs and increase the country’s technological capability.

1.Where can I buy a Hyundai car in Bangladesh?

Answer: From Fair Technology Limited, the authorized distributor.

2.What is the price range of Hyundai cars in Bangladesh?

Answer: BDT 15 lakhs to BDT 60 lakhs.

3.Are Hyundai cars available in petrol and diesel variants?

Answer: Yes, both are available.

4.What are the most popular Hyundai models?

Answer: Tucson, Creta, Santa Fe, Elantra.

5.Does Hyundai offer financing options?

Answer: Yes, through various banks and financial institutions.

6.Where can I service my Hyundai car?

Answer: At authorized service centers in major cities.

7.What is the warranty period?

Answer:5 years or 100,000 km.

8.Are spare parts readily available?

Answer: Yes, through authorized service centers and dealerships.

10.Can I get a test drive?

Answer: Yes, at the nearest Hyundai showroom.

11.What safety features are available?

Answer: Airbags, ABS, EBD, rear parking sensors, etc.

12.How fuel-efficient are Hyundai cars?

12 to 18 km/l for petrol, 14 to 22 km/l for diesel.

13.Does Hyundai offer roadside assistance?

Answer: Yes, typically through the warranty period.