Runner Automobilesis going to set up a three-wheeler manufacturing plant in Bangladesh with the association of Indian automobile giant Bajaj Auto Ltd.
The board of directors of Runner Automobiles is set to sign an agreement with the Indian company to set up the plant with a cost of Tk 3.0 billion.
Under the agreement, Runner will manufacture and distribute Bajaj's RE 4S 3-wheeler in Bangladesh and will take necessary technical support for localisation of parts and components, assembling and manufacturing of vehicles from Bajaj Auto.
This will be the first ever three-wheeler manufacturing set-up of a globally known brand in Bangladesh, according to an announcement Dhaka Stock Exchange (DSE) website on Wednesday.
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