Hyundai cars to be made in Bangladesh | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 25, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 25, 2025
Hyundai cars to be made in Bangladesh

Bangladesh

TBS Report
05 January, 2021, 04:25 pm
Last modified: 06 January, 2021, 11:37 pm

Related News

  • Hyundai summer delight campaign on brand new CRETA grand and stargazer
  • Hyundai Stargazer launched: Tk36.5 lakh, five year coverage and buyback
  • 2023 Hyundai Tucson: Setting new standards for 'Made in Bangladesh' cars
  • Locally-made Hyundai Tucson price drops by Tk10.5 lakh
  • MoU signed between IPDC, Hyundai Bangladesh

Hyundai cars to be made in Bangladesh

TBS Report
05 January, 2021, 04:25 pm
Last modified: 06 January, 2021, 11:37 pm
Hyundai cars to be made in Bangladesh

Cars of  globally renowned brand Hyundai will be manufactured in Bangladesh.

Fair Technology Ltd, the local distributor of Hyundai Motor Company, will set up a designated factory at the hi-tech park of Kaliakair in Gazipur, to execute the plan.  
 
The company signed an agreement with Bangladesh Hi-Tech Park Authority in this regard at a hotel in Dhaka on Tuesday , in presence of ICT State Minister Junayed Ahmed Polok, said a press release.

Hosne Ara Begum, managing director (secretary) of Bangladesh Hi-Tech Park Authority, and Ruhul Alam Al Mahbub, managing director of Fair Technology, signed the deal on behalf of their respective organisations.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Journey from a cow to Hyundai Motors

State Minister Palak described the initiative as a milestone for Bangladesh.

"It will dignify Bangladesh at the global stage. At the same time, it will significantly contribute to country's economy as well as communication and employment sectors," he said.

Bangladesh Hi-Tech Authority's Managing Director Hosne Ara Begum expressed optimism over foreign investment ensued from the initiative.

"If cars of globally renowned brands like Hyundai are manufactured in local hi-tech park, it will attract more foreign investment," she said.   

Fair Technology MD Ruhul Alam Al Mahbub said the company took the initiative to implement Digital Bangladesh as dreamt by Prime Minister Sheikh Hasina. 

"We will ensure that Bangladeshis avail world class vehicles of Hyundai at reasonable price," he added.    

The Hyundai Motor Company, commonly known as Hyundai Motors, is a South Korean multinational automotive manufacturer headquartered in Seoul.

Top News

Hyundai Bangladesh / Fair Technology Ltd

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The supporters of local Awami League and Chhatra League locked in a clash with police following attacks on NCP convoy this afternoon (16 July). Photo: Collected
    5 killed in political clash in Gopalganj: ASK demands independent investigation
  • On 21 July, a Bangladesh Air Force (BAF) F-7 BGI training fighter jet crashed into Milestone School and College in Uttara, killing at least 31. Photo: Mehedi Hasan
    Milestone tragedy: Death toll rises to 32 as another child dies
  • File photo of a new NBR office in Agargaon, Dhaka. Photo: UNB
    Clear consignments in a day, customs officials directed

MOST VIEWED

  •  ABM Khairul Haque. File Photo: Collected
    Former chief justice Khairul Haque detained
  • File photo of Bangladesh Bank. Photo: TBS
    Governor Mansur orders withdrawal of BB dress code after directive draws criticism
  • Hasina and Taposh in an event in 2020. Photo: Collected
    Al Jazeera investigation: Hasina, in call with Taposh, talks using helicopter to shoot, crush protesters in July uprising
  • Representational image. File photo: TBS
    Govt okays proposed tariff structure for Chattogram Port, rates to rise by up to 440%
  • Representational image. Photo: Collected
    Tariff talks: Bangladesh, US set for crucial virtual meeting on 29 July
  • Mehreen Ahmed speaking to media on 11 July 2025. Photo: Collected
    Court disposes of Dhaka girl's case against parents seeking 'protection from abuse'

Related News

  • Hyundai summer delight campaign on brand new CRETA grand and stargazer
  • Hyundai Stargazer launched: Tk36.5 lakh, five year coverage and buyback
  • 2023 Hyundai Tucson: Setting new standards for 'Made in Bangladesh' cars
  • Locally-made Hyundai Tucson price drops by Tk10.5 lakh
  • MoU signed between IPDC, Hyundai Bangladesh

Features

Illustration: TBS

The future of medicine: How innovations will catalyse quantum leaps in healthcare by 2055

17h | The Big Picture
Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

1d | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

2d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

2d | Panorama

More Videos from TBS

Can America beat China in AI intelligence?

Can America beat China in AI intelligence?

19m | Videos
All Previous Records Broken in Dinajpur, Rice Prices Are Rising

All Previous Records Broken in Dinajpur, Rice Prices Are Rising

2h | TBS Stories
There are many more examples of trials of Chief Justices in the world.

There are many more examples of trials of Chief Justices in the world.

15h | TBS Today
Why is there a massive conflict between Thailand and Cambodia?

Why is there a massive conflict between Thailand and Cambodia?

15h | TBS News Updates
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net