New commercial vehicles: Preface
Commercial vehicle is somewhat synonymous to growth and mobility. Why? If dig deeper into the structure of a nation it can be seen very easily, that commercial vehicles are amongst the very roots that help it grow. Bangladesh is a developing country with the pillars still being built to help it stand strong. Commercial vehicles, even 15 years ago, were not of the highest quality but today due to the modernization process a lot has changed and the immense requirement of such pool of vehicles has not only made its existence mandatory but also has turned it into a competition for manufacturers of such vehicles.
The commercial vehicle scenario in Bangladesh
Even though it is growing, the commercial vehicle industry is now concentrated given the increasing number of vehicles. With brands from all over the globe competing in a stone crushing competition, some
stand out with the highest market share while a few new entrants has been doing pretty well too.
The Indian brand is one of the most sought after when it comes to most of the new commercial vehicles in the local market. Not only does private sector is bent towards it but so are the public sectors. Metro Transportations such as public buses all comprises of Tata vehicles. Amongst all the most popular creation of this brand in Bangladesh is the Tata Ace, a mini cargo truck, that has been a massive hit due to its lower price, cargo and mobility factors.
Dyna, Lightace and Hiace, to be very specific, are the most popular new Toyota makes that run throughout the nation. It is quite common and can be seen in large numbers. The reason Toyota is valued by the local businesses is because of the high reliability and the low maintenance cost it represents.
The brand is quite new and started operating in the local market recently. With the latest versions of some of its popular models, such as the JMC Carrying 2014, available in the market the company has been performing quite well till now and with a low price margin has been attracting a large pool of potential customers lately.
Hino brand is very popular for luxary buses. All the highways of Bangladesh are full of Hino buses. RM, AK are the most popular models from hino which are being vastly used by the local investors for transportation business. It is a trusted brand and long lasting.
Other brands such as Suzuki, Isuzu, Caterpillar and Mitsubishi are amongst the market leading pool too.