ACI Motors becomes sole distributor of Foton vehicles

ACI Motors Ltd. has signed an agreement with Foton Motor Group on having exclusive dealership and local assembling of Foton Motor in Bangladesh, says a press statement.
As per the agreement, ACI Motors has become the sole distributor of a wide range of commercial vehicles of Foton - pick-up van, double cabin pick-up, school van, dump truck, transit mixer, bulk cement carrier, fire service vehicle, cleaning vehicle and heavy crane.
Dr FH Ansarey, Managing Director and CEO, ACI Motors Ltd., and David Lee, Executive Vice President of FOTON Motor Group for South Asia, signed the agreement at the ACI Centre, Head office of ACI Motors, in the city on Monday.
Kazi M Aminul Islam, Executive Chairman, Bangladesh Investment Development Authority (BIDA), attended the signing ceremony as the chief guest.
Speaking on the occasion, he said, "The investment would help develop the private sector. I hope Ftoton's entry into the country will help Bangladesh adopt new technologies and business knowledge."
Chang Rui, President, Foton International, Foton Motor Group, said, "The market for commercial vehicles in Bangladesh is very potential as the demand is increasing in line with the country's consistent economic growth."
Subrata Ranjan Das, Executive Director, ACI Motors, said, "ACI Motors believes that this partnership will enable it to grab 10 per cent of the market of commercial vehicles within the next three years."