Bangladesh Honda Private Ltd, a joint venture of Japan’s biggest motorcycle manufacturer Honda Motor Company and Bangladesh Steel and Engineering Corporation, has lowered its target of motorbike assembling in the first year by 70 per cent due to ongoing political turmoil, officials said. At a board meeting of the company held on December 23, the company decided to assemble only 1,500 motorcycles a year instead of 5,000 motorcycles, they said.
Moreover, BHPL has decided to import complete built unit of motorcycles from India to penetrate in the market and compensate the loss due to reduction in number of assembled units.
Motorbike assembling activities will start in full swing any time in January, the meeting decided after failing to start the task within its scheduled deadlines.
The company missed at least first two deadlines because of procedural delays while the latest deadline fixed in October was missed due to political unrest including strikes, hartals and vandalism prevailing in the country as they could not bring parts and equipments for assembling activities.
Raw materials are being imported from neighbouring India and Thailand.
‘The company wanted to commence assembling activities in full swing in October. But it has been able to assemble only 38 CD-80cc motorcycles till now,’ Shaik Md Mobarak Hossain, a director of the company, told New Age on Tuesday.
-With New Age input
