Auto parts: Steelbird to set up manufacturing unit in Bangladesh

Steelbird Worldwide, the automotive parts manufacturing firm specialising in automotive filters, has mentioned it would arrange manufacturing operations outdoors India. It has formalised a three way partnership with TVS Auto Bangladesh to fabricate automotive filters in Bangladesh.

Steelbird manufactures air filters, oil filters, gas filters and cabin filters, and had arrange an automotive filters plant in north India in 1964. “The collaboration with TVS underlines the approaching collectively of two formidable manufacturers, Steelbird and TVS, the previous poised to start out manufacturing in Bangladesh to cater to the increasing aftermarket and OEM phase, whereas the latter with all of the expertise of the market and shoppers in that area will facilitate the go-to-market technique, protocols, channel administration, retail and OEM progress in Bangladesh,” the corporate mentioned in an announcement.

The corporate mentioned it would manufacture automotive filters for every type of automobiles, from two-wheelers and three-wheelers to passenger vehicles, tractors and industrial automobiles.

Bangladesh has been among the many quickest rising economies on the planet over the previous decade, supported by a constructive demographic dividend, robust ready-made garment exports, and steady macroeconomic situations. The expansion of the auto trade has steadily elevated as a result of socio-economic improvement and buying energy of the center and higher center class of the nation.