Exports of Indian two-wheelers to Bangladesh soar 50% as demand surges

Indian two-wheeler majors Hero MotoCorp and Bajaj Auto are the biggest beneficiaries of this surge and, between the two, they are estimated to control about half of the local market there

A booming economy driven by garment manufacturing in neighbouring Bangladesh is fuelling demand for two-wheelers, among other things. India, the world’s biggest two-wheeler maker, has emerged the key gainer of this surge in demand. The value of two-wheeler exports from India to Bangladesh jumped 50 per cent in FY18 to $277 million (Rs 19 billion), making it India's biggest export market, ahead of Sri Lanka.

The value of shipments to Bangladesh has more than doubled since FY16, when it was just $128 million. Indian two-wheeler majors Hero MotoCorp and Bajaj Auto are the biggest beneficiaries of this surge and, between