Motorcycle sales in Bangladesh hit a five-year low in 2023 following a gradual decline due to global economic crises and inflationary pressure, according to industry people.
Dhaka, with a metro area population of over 22,00,00, understandably comes significant transportation challenges, due to which motorcycles have become the preferred mode of transportation for many urban dwellers. These two-wheelers offer affordability, low operating costs, and a built-in cooling effect through the generous use of the throttle. As such, Bangladesh has witnessed
Sales of motorcycles, particularly low-end ones, were disappointing ahead of the upcoming Eid-ul-Azha as the ongoing inflationary pressure has limited peoples’ purchasing power, according to market players.
Sales of motorcycles, particularly high-end ones, ahead of Eid-ul-Fitr were impressive over the last one decade but this year is quite different as demand is low due to an increase in inflationary pressure, economic crisis and an increase in prices of the two-wheelers.