Business Desk :
Ifad Autos will start assembling Indian Ashok Leyland-branded vehicles from tomorrow (Thursday) at its new plant that set up at a cost of about Tk 75 crore in Savar.
The company’s inroads in assembling will help it meet the growing demand for commercial vehicles.
Initially, Ifad Autos will assemble 1,000 commercial vehicles such as buses, trucks and pick-ups in the current fiscal year. The figure will go up to 3,000 vehicles in the next fiscal year, said a senior official.
The number will reach 10,000 by 2020, said Taskeen Ahmed, managing director of Ifad Autos. The company posted a notice on the subject on the website of the Dhaka Stock Exchange yesterday. The new plant will help Ifad offer assembled vehicles at prices lower than those of the imported ones, he said.
Ifad Autos will start assembling Indian Ashok Leyland-branded vehicles from tomorrow (Thursday) at its new plant that set up at a cost of about Tk 75 crore in Savar.
The company’s inroads in assembling will help it meet the growing demand for commercial vehicles.
Initially, Ifad Autos will assemble 1,000 commercial vehicles such as buses, trucks and pick-ups in the current fiscal year. The figure will go up to 3,000 vehicles in the next fiscal year, said a senior official.
The number will reach 10,000 by 2020, said Taskeen Ahmed, managing director of Ifad Autos. The company posted a notice on the subject on the website of the Dhaka Stock Exchange yesterday. The new plant will help Ifad offer assembled vehicles at prices lower than those of the imported ones, he said.
