IFAD Autos hits milestone in manufacturing vehicles

IFAD Autos Ltd, a commercial vehicle manufacturing and marketing company in Bangladesh, recently reached the milestone of producing 10,000 Ashok Leyland branded vehicles at its Dhamrai factory.

Iftekhar Ahmed Tipu, chairman of IFAD Group, yesterday cut a cake to celebrate the milestone at the plant in Dhamrai adjacent to the Dhaka-Aricha highway, said a press release.

Tipu branded the day as a special joy for IFAD Group.

"Because of the country's overall condition, adding and producing heavy vehicles was a big challenge. With proper planning, hard work, and united efforts of all concerned, IFAD Autos has won the challenge. In the future, IFAD Group will be ahead in manufacturing any vehicle with modern technology," he said.

"Bangladesh had made revolutionary progress in the last few years in heavy commercial vehicles. The increased import to meet the rising demand for commercial vehicles costs considerable foreign currency. For this reason, IFAD Autos built this factory in Dhamrai," Tipu added.

The company started vehicle production at the factory with technical support from India's Ashok Leyland in early 2017. It now assembles top-notch AC, non-AC luxury buses, trucks, and covered vans of the Indian brand.

The group chairman expressed his hopes that their annual production capacity of 10,000 automobiles will soon increase.

The chairmen, vice-chairmen and other high officials of Ashok Leyland India and Bangladesh, and IFAD Group were present.