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Corporate - February 25, 2023

Motorcycle hits new sales record

Ashfaque Choudhury: The motorcycle industry in Bangladesh has grown significantly in recent years, becoming one of the largest contributors to the country’s economy. Recently, Bangladesh exported more than 3 million motorcycles, making it one of the top 10 motorcycle exporters in the world.
The booming motorcycle sector in Bangladesh is largely attributed to the country’s expanding middle class, which has an increasing demand for affordable transportation. Motorcycles are significantly more affordable than automobiles and offer an easy, convenient option for commuters. In addition, the government has taken steps to make motorcycles more affordable by offering incentives and subsidies to motorcycle manufacturers.
Bangladeshi motorcycle manufacturers are also benefiting from the increasing demand for motorcycles in other countries, particularly in the Asian region. The country has become a major exporter of motorcycles to Pakistan, Nepal, and Sri Lanka.
In addition, some Bangladeshi motorcycles have even been exported to Europe and the United States. The motorcycle industry in Bangladesh is expected to continue to grow in the coming years as the country’s economy continues to expand.
The demand for affordable transportation is likely to remain strong, and the government is likely to continue to offer incentives and subsidies to manufacturers. As the motorcycle industry grows, the government is likely to pay more attention to making sure motorcycle riders are safe. The government has already put in place a number of safety measures, such as making helmets mandatory, and is likely to do so in the future as well. The growth of Bangladesh’s motorcycle industry is a great example of how the country is using its resources to become one of the top exporters in the world. With the right policies and incentives, the industry could continue to grow and become an even bigger contributor to the country’s economic growth.

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