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Automobiles

Mitsubishi Motors to build new plant in Bangladesh

Japanese automaker looks to expand footprint as country's economy grows

Mitsubishi Motors is thought to hold the largest share of new cars sold in Bangladesh. (Screen grab from the company's homepage)

TOKYO -- Mitsubishi Motors is set to build an auto assembly plant in Bangladesh as part of its expansion in Southeast Asia. 

Mitsubishi and state-owned Bangladesh Steel and Engineering Corporation (BSEC) on Thursday signed a memorandum of understanding. The two parties will conduct a feasibility study on business opportunities to determine when to build the plant. The study will be completed by 2025. 

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