Progress Motors Ltd., the only authorized dealer of Audi vehicles in Bangladesh, has launched the Audi A8L before the press at Tejgaon showroom of Audi Dhaka on 23rd January, 2019. From now on, the luxury sedan will be available in Bangladesh for customers. ...more

In FY 2012-13, only 7,353 reconditioned cars have been imported in Bangladesh but the number has increased threefold to 20,149 in FY 2016-17. According to Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA), around 11,476 cars have been imported in the last six months (July 2017- December 2017). ...more

The government has permitted used hybrid car import along with reduced supplementary duty (SD) to boost up hybrid car sales in the country. Supplementary duty has been reduced by 5 percent to 25 percent for 0 to 1,600 cc used hybrid car import and 15 percent to 45 percent for 1,600 to 2,000 cc used hybrid car import for the fiscal year 2017-18. For used hybrid car above 2,000 cc but less than 3,000 cc, SD has been reduced to 60 percent from 150 percent of previous f ...more

Budget speech from finance minister Abul Maal Abdul Muhith is due on Thursday next and a range of changes in the duty structure for import and export is expected. The government may want to discourage import of reconditioned private vehicles and encourage more environment-friendly vehicles to curve the ever increasing traffic jams and air pollution. Existing duty structure permits importers to avail year-wise depreciation facility up to 40 per cent on reconditioned ...more

On Thursday, Executive Motors Ltd., the sole authorized sales and service center of BMW vehicles in Bangladesh. held a press conference to announce the launch of BMW X3 in Bangladesh at the Executive Motors showroom at Tejgaon. Executive Motors’s operations Director Dewan Muhammad Sajid Afzal and After Sales Director Md Bazlul Karim were present at the event along with other top BMW officials. ...more