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10.3.08

BUSMAKERS' NEWS * Bangladesh - Mercedes-Benz bus to be assembled in

Dhaka,Bangladesh -The Daily Star, by Sohel Parvez -9 March 2008: -- One of the country's leading automobile distributors, Rancon Motors, is to assemble Mercedes-Benz buses in Bangladesh for the first time, in an attempt to tap the growing demand for luxury buses among the long distance coach companies... The company, according to its managing director, will be able to cut the price of Mercedes-Benz buses by about Tk 40 lakh to nearly Tk 1.10 crore after the establishment of the assembling plant. Currently one Mercedes-Benz bus costs around Tk 1.50 crore as it enters Bangladesh in completely built form... (Photo: STAR - The file photo shows a luxurious German brand Mercedes-Benz bus. Rancon Motors, a leading local automobile distributor, will assemble the brand at a plant in Savar, Dhaka with an initial investment of Tk 15 crore)

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