...We also now believe that the near-term outlook for commercial vehicles (+--.- growth in ----) is stronger than for passenger cars (+--.- ). ...In the commercial vehicle segment, public infrastructure will facilitate manufacturing sector development and drive significant construction sector growth. In its FY----/-- budget, the government outlined plans to double its Annual Development Programme (ADP) expenditure in the fuel and energy sectors to USD-.-bn, while increasing its budget for transportation and communication by --.- to USD-.-bn. The budget for the ADP will also be increased by more than -- to USD--.-bn for the upcoming FY----/--. ...Moreover, the future implementation of the Trans-Pacific Partnership free trade agreement (which excludes Bangladesh) could increase the threat posed by Vietnam to Bangladesh s textiles industry.
...Given a strong first half, we believe the time is right to make a slight upwards revision to our ---- forecast for Bangladeshi new vehicle sales. We are now targeting --.- growth for the sector in ----, to reach --,--- units. We also now believe that the short-term outlook for commercial vehicles (+--.- growth in ----) is stronger than for passenger cars (+--.- ). Over the long term, the establishment of a more substantial local production base could prove transformative in boosting domestic sales and developing a wider supplier segment. Spare part suppliers are also becoming increasingly interested in Bangladesh, with new tyre and battery production plants set to open. ...Spare part suppliers are also becoming increasingly interested in Bangladesh, with new tyre and battery production plants set to open. We expect used car sales to continue to power ahead over our forecast period to ----, despite the fact that the relative average price of a used car in Bangladesh is somewhat higher than in many of its regional peers.
...New vehicle sales in Bangladesh continue to power ahead, in line with our expectations. Over H---, passenger car sales (jeeps, private passenger cars and taxicabs) totalled --,--- units, with commercial vehicle sales (vans, buses, pick-ups, special purpose vehicles and trucks) totalling --,--- units, according to information from the Bangladesh Road Transport Authority. ...New vehicle sales in Bangladesh continue to power ahead, in line with our expectations. Over H---, passenger car sales (jeeps, private passenger cars and taxicabs) totalled --,--- units, with commercial vehicle sales (vans, buses, pick-ups, special purpose vehicles and trucks) totalling --,--- units, according to information from the Bangladesh Road Transport Authority. This made for a total new vehicle sales market --,--- units. ...
