Bangladesh

Last modification: 30 Aug 17
Introduction: 

The Republic of Bangladesh is a country in South Asia, its borders India and Myanmar. It is considered to be a middle power and a major developing nation. Within South Asia, it ranks first in gender equality, second in foreign exchange earnings and third in life expectancy and peacefullness.

Chapter 1: Economic and business environment

Demographics

160,995,640

Capital

Dhaka

Major cities

Chittagong, Khulna, Rasjhahi

Languages

Bengali (bn-BD), English (en)
Bengali is the sole official language, but English is sometimes used secondarily for official purposes and the legal system. The middle and upper classes also use English as a second language and widely used in higher education.

GDP

1,211.70 USD (2015)

Unemployment rate

4,9% in 2016

Main industries

GDP Composition by Sector:
Agriculture (++ percent)
Industry (+ percent)
Services (- percent)

Industrial Production Growth Rate: 6.5 percent

Industries: clothing, food, leather, ship building

Transport is also a major sector in the economy. 

Currency

BDT Bangladeshi taka

Interest rate

3.00% - 9.25%

Political key info

Bangladesh is a unitary, Westminster-style parliamentary republic with universal suffrage.

Inflation

5,4% in 2017

Chapter 2 : Automotive market, segments & sales

Total Car park
  • 3 cars per 1000 inhabitants
  • In 2016, th Bangladesh Road Transport Authority (BRTA) counted 0,42 million registered vehicles
  • Transportation is one of the major industrial sectors of an economy. Over the years, Bangladesh achieved considerable economic growth (GDP more than 7 percent) with the stable unemployment rate and a rise in foreign investments. As a result, the purchasing power of individuals has risen along with the demand for cars, motorbikes and commercial vehicles. To meet these demands, Bangladesh has to depend on imported vehicles as they are not manufactured in Bangladesh.
New vehicle registrations (Cars, LCV, Trucks)
  • 80% of the cars are imported from Japan
  • Increasing demand of Luxury Commercial Automobiles like Volvo, BMW, Scania, Hyundai and Mercedes-Benz.
Model preference top 5 (total market)

Most popular cars: 

Chapter 4: Taxation & legislation

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Chapter 5: Car policies

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Chapter 6: Funding methods

Overview of penetration of funding methods (buy or lease statement)  
Type of suppliers (captive versus multibrand, international versus local…) Car rental companies (like Europcar, Sixt or Hertz) offer rental cars, a lease or replacement cars of vans.
 
6.1 Outright purchase:  
Definition Vehicle is registered as a fixed tangible asset on the balance sheet at the acquisistion value and depreciated over total useful economic life
Pro’s and con’s  
Economic & legal ownership Full ownership, included Risks asd Rewards
Business practices  
6.2 Renting (Finance lease) :  
Definition  
Pro’s and con’s  
Economic & legal ownership  
Business practices  
6.3 Full service leasing (operational leasing)  
Definition  
Pro’s and con’s  
Economic & legal ownership  
Business practices  
6.4 Fleet Management  
Definition  
Pro’s and con’s  
Economic & legal ownership  
Business practices  
6.5 Short term rental  
Definition  
Pro’s and con’s  
Economic & legal ownership  
Business practices  
6.6 Other funding methods  
   
   

Chapter 7: Fuel

Fuel Type Segmentation

Fuel price evolution

  • volatility in fuel prices


Fuel infrastructure

Fuel card solution

Chapter 8 : TCO components

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Chapter 9: Safety, insurance and telematics

Safety

Traffic & road conditions
Traffic in Bangladesh moves on the left. Roads are extremely crowded, particularly in the cities, with bicycles, rickshaws, three-wheeled mini-taxis (CNGs), cars, overloaded buses, and trucks all vying for road space and right of way. Drivers are often unlicensed, aggressive, risk-taking, and poorly trained. Many vehicles, particularly large trucks and buses, are badly maintained and driven by inexperienced young men recently arrived from rural Bangladesh seeking quick employment. (Source: http://www.countryreports.org/travel/Bangladesh/traffic.htm)

Chapter 10: Environment

  • Vehicles are the main reason of air pollution in Dhaka city. Mainly vehicles that run on diesel.
  • Low environmental awareness
  • No EV charging station yet

Chapter 11: Mobility

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Chapter 12: Key trends to watch

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