Global Business in the Asian Century

Running Head: MECHANICAL ENGG
0
Global business in the Asian century
5/18/2019

MECHANICAL ENGG
1
BANGLADESH AUTOMOBILE INDUSTRY
Automobile Companies & Brands in Bangladesh:
A number of large car plants has been established which assembles
Mitsubishi Pajero Sport, Tata bus & motorcycles, Hino bus, and so on
(Wikipedia, 2017). Uttara Motors Ltd, Nitol Motors Ltd., S.R Motors Ltd.,
Akij Motors, Pragoti, Bangladesh Machine Tools Factory, Aftab
Automobiles, TVS Auto Bangladesh Limited, HS Enterprise, TATA Motors
Bangladesh (Joint Venture with Nitol-Niloy Motors Ltd), are some of the
prominent assembling and manufacturing companies. Some other
companies include Atlas Bangladesh Ltd., Walton Hi-Tech groups, Runner
Automobiles, Bangladesh Honda Private Limited, Singer Bangladesh Rangs
Motor's Ltd., Chisti Engineering & Mechanical Works Rahimafrooz Globatt
group, Jonata Auto Mobile Parts, Ifad Autos Ltd.
Global & Domestic Sales Status:
A growth in the sales rate of cars has been found in the year 2016 ,
globally, i.e. across nations, led by China. The country is considered as
the largest growing economy around the globe, as there has been a
rise in the sales by 13%, with additional vehicles around 3.2 million. The
sale rate has been observed amongst other successful nations or
economies such as European Union and US market. They have achieved
the sales around 1.1 million or 7 per cent, and 70,000 or 0.4 percent
sales, respectively (Scutt, 2017). The rise in the overall sale of vehicles
has been found from 90 million to 94 million within the period of 2015-16
(OICA, 2017).
Using the data from the Mobility Database, as per the world cars brand
ranking 2017, it has been found that Toyota is determined as the market
leader. The company has achieved 1.35 million unit sales (+8.7 per cent)
along with 9.5 % global market share within first two months of the year
2017. It is further followed by Volkswagen with 1.036 million sales (+2.1
per cent) and Ford 896,000 sales (-2.9 per cent) (Focus2Move, 2017).
Regardless, it has been found that Bangladesh is facing increase in the
demand for the motor vehicles. As per the given list in the website of
Bangladesh Road Transport Authority (BRTA), 0.32 million vehicles has
been registered, approximately within the region during the period of
2015. Later on, an increase in registered vehicles has been found in total,
i.e. 0.42 million vehicles in the year 2016. Moreover, in the last couple of
years, the number of vehicles has been increased as per the data, as the
latest update stated that 69,198 registered vehicles have been listed in
the year 2017.