Runner Automobiles Ltd, a company listed under Dhaka Stock Exchange and Chittagong Stock Exchange, signed an agreement with Bajaj Auto Limited of India to manufacture and distribute of Bajaj brand RE 4S 3-wheeler in Bangladesh, said a press release on Wednesday.
Bajaj Auto Limited will provide necessary technical support for localisation of parts and components, assembling and manufacturing of vehicles to Runner Automobiles Limited. This will be the first ever 3-wheeler manufacturing set up of a global brand in Bangladesh.
RAL will invest approximately Tk 300cr, a part of which will be funded by IPO proceeds. The new manufacturing plant will be established in Bhaluka, Mymenshing.
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