Mitsubishi Motors to make SUVs in Bangladesh - Nikkei

Tue Jun 7, 2011 12:08am IST

A Mitsubishi Motors logo is seen on display at the New York International Auto Show in New York City, April 20, 2011. REUTERS/Jessica Rinaldi/Files

A Mitsubishi Motors logo is seen on display at the New York International Auto Show in New York City, April 20, 2011.

Credit: Reuters/Jessica Rinaldi/Files

Related Topics

Reuters - Mitsubishi Motors Corp will produce sport utility vehicle (SUV) Pajero Sport this summer in Bangladesh, the Nikkei business daily reported.

Progoti Industries Ltd, a state-owned company with which the Japanese automaker has partnered since the late 1970s, will begin producing the SUV at a plant in Chittagong, the paper said.

The parts for the SUV will be supplied from Thailand by Mitsubishi, the Nikkei reported.

Mitsubishi and Progoti will also look at local production of Mitsubishi-brand sedans in the future, the daily said.

Sales of Mitsubishi automobiles in Bangladesh jumped 55 percent to 1,800 vehicles in 2010, the report said .

The Bangladeshi firm already assembles old-style Pajeros under technical guidance from the Japanese company and will switch to the new model, it said.

Despite the small size of Bangladesh's auto market, the country's future is considered promising considering its 150 million population, the Nikkei reported.

Although still a very poor nation, Bangladesh's gross domestic product has grown at an average annual rate of around 6 percent during the past five years, the daily said.

(Reporting by Kavyanjali Kaushik in Bangalore; Editing by Gopakumar Warrier)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Global Growth

Global Growth

IMF cuts outlook, warns of stagnation risk in rich nations  Full Article 

Waning Enthusiasm

Waning Enthusiasm

Markets' post-election enthusiasm lost on consumers.  Full Article 

Monsoon Revives

Monsoon Revives

Monsoon revival keeps rain above average   Full Article 

Banking Sector

Banking Sector

Banks not allowed to trade in bonds for infra lending - RBI.  Full Article 

Just Not Enough

Just Not Enough

Amazon's smartphone fails to kindle a "Fire" among reviewers.  Full Article 

Rising Market Value

Rising Market Value

Facebook goes express to mega-cap status  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage