Japan’s Honda opens motorcycle plant to produce 100k units, will manufacture 200k unit by 2021

[Black_cats]

12:00 AM, November 12, 2018 / LAST MODIFIED: 12:34 AM, November 12, 2018
Japan’s Honda opens motorcycle plant

https://www.thedailystar.net/business/economy/news/japans-honda-opens-motorcycle-plant-1659286

Industries Minister Amir Hossain Amu poses at the launching of a manufacturing factory of Bangladesh Honda Private Limited, a joint venture of Japan's Honda and state-owned Bangladesh Steel Engineering Corporation, in Abdul Monem Economic Zone in Gazaria of Munshiganj yesterday. Photo: Star

Farhana Mirza and Jagaran Chakma

Japan automobile giant Honda yesterday inaugurated its motorcycles manufacturing plant in Bangladesh, in what can be viewed as a watershed moment for the country's industrial capabilities.

The plant, which was set up for Tk 230 crore on 25 acres of land in the Abdul Monem Economic Zone (AMEZ) in Munshiganj, will help save foreign currency and make motor bikes more affordable.

“We will hit the market with the 'Made-in-Bangladesh' Honda bike,” said Shah Muhammad Ashequr Rahman, head of finance and commercial of Bangladesh Honda Private Limited (BHL), a joint venture between Honda and state-owned Bangladesh Steel Engineering Corporation (BSEC).

The plant will have an initial annual production capacity of 100,000 units a year. By 2021, the production capacity will expand to 200,000 units a year, according to BHL, which has been marketing Honda brand bikes in Bangladesh for the last several decades.

It plant will make seven models of Honda motor cycles: Dream Neo 110, LIVO 110, CB Shine125, CB Trigger 150, CB Hornet 160R, and CBR150R.

Rahman declined to specify the prices of locally made Honda two-wheelers, but said they would not be more than those of the existing bikes.

Industries Minister Amir Hossain Amu, who inaugurated the plant, said he expects Bangladesh's customers would get world-class motor cycles at a reasonable price.

So far, Tk 1,500 crore has been invested for the development of motorcycle industry in Bangladesh.

“Hundreds of jobs were created thanks to the investment,” he said.

Honda's move to start local manufacturing comes at a time when the motor cycle market is fast expanding, spurred by price cuts brought about by a slash in supplementary duty on the import of the two-wheeler's components and a surge in ride-sharing services in Dhaka and Chittagong.

The National Board of Revenue slashed the SD by 25 percentage points to 20 percent in fiscal 2016-17 to encourage local assembly and subsequent manufacturing.

The government also framed the National Motorcycle Industry Development Policy 2018 with a view to diversifying the country's manufacturing and export and creating jobs.

Today, on average 1,000 units of two-wheelers are sold every day in Bangladesh as the demand is surging for the mobility it provides in the congestion-ridden urban life. The number was around 550 five years earlier, said industry operators.

Yuichiro Ishii, managing director and chief executive officer of BHL, expects the motor cycle industry in Bangladesh to expand and contribute to the national economy by generating more jobs and developing a skilled workforce.

The plant will also facilitate technology transfer, encourage the growth of a parts supplying industry and attract more direct foreign investment, he added.

Saber Hossain Chowdhury and Mrinal Kanti Das, both lawmakers; Mosharraf Hossain Bhuiyan, chairman of the NBR; Paban Chowdhury, executive chairman of the Bangladesh Economic Zones Authority; Muhammad Abdullah, youth and sports secretary; Hiroyasu Izumi, ambassador of Japan to Bangladesh; Noriaki Abe, operating officer for motor cycle operations of Honda Motor Co Ltd; and Masayuki Igarashi, president and CEO of Asian Honda Motor Co Ltd, were present.

 

[Black_cats]

https://www.facebook.com/video.php?v=2163509370373576

 

[Bilal9]

A beautiful watershed moment for the industrial history of our country.

A warm welcome to Honda again for another step up on the local manufacturing of two wheelers.

They will join other large scale international two wheeler manufacturers who have already set up shop as well as many local ones.

The local market for motorcycles is heating up, and soon, because of the cheap local labor, worldwide exports will commence as well. Margins are super thin in this business and majors like Honda can sense a golden profit-making opportunity when they see one.

I am guessing Honda's old Tongi facility will be shut down since this new one is huge....

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IMHO, the CB Hornet 160R is one of the most attractive newer models for Bangladesh market. They also sell it in India where it is a big seller.

2018 Honda CB Hornet 160R launched at Rs 84,675: What's new?
Honda Motorcycle and Scooter India has launched the new CB Hornet 160R in four variants- Standard, CBS, ABS, and ABS Deluxe. Prices of the 2018 version start at Rs 84,675, ex-Delhi.
By : Ken Sunny
Mar 27, 2018 17:48 IST

2018 Honda CB Hornet 160R is offered in new Dazzle Yellow Metallic color option.

Japanese auto giant Honda's Indian two-wheeler subsidiary, Honda Motorcycle and Scooter India (HMSI) unveiled an array of '2018 version' bikes and scooters at the Auto Expo 2018 in February. Starting from March, Honda has started launching the new models and latest to enter the market is the 2018 Honda CB Hornet 160R.

Honda has priced the 2018 CB Hornet 160R from Rs 84,675 (ex-showroom Delhi) and the new version offered in four variants - Standard, CBS, ABS, and ABS Deluxe.


Variant Ex-showroom (Delhi)
CB Hornet 160R STD Rs 84,675
CB Hornet 160R CBS Rs 89,175
CB Hornet 160R ABS STD Rs 90,175
CB Hornet 160R ABS DLX Rs 92,675

The biggest addition in the 2018 CB Hornet 160R is the single channel Anti-lock Brake System (ABS). The CB Hornet 160R is the second most affordable Honda motorcycle in India to get ABS as an option.

2018 Honda CB Hornet 160R gets single-channel ABS as option

2018 Honda Hornet 160R also boasts off all-LED headlamps, which is a segment first feature. The motorcycle now comes with hazard lamps and all-digital instrumentation now gets blue backlight as standard instead of amber. Interestingly, the new Hornet 160R misses out gear position indicator while the Hornet-based new motorcycle, the X-Blade gets it as standard.

In order to bring freshness visually, the Honda has updated the graphics of the bike. The company has also introduced new Dazzle Yellow Metallic color option. The existing four color options -- Striking Green, Mars Orange, Athletic Blue Metallic and Sports Red -- will be continued.

2018 Honda CB Hornet 160R in Mars Orange shade

The 2018 Hornet 160R is powered by the same 162.71cc single-cylinder Honda Eco-Tec (HET) engine that produces a maximum of 15.2bhp at 8,500rpm and peak torque of 14.76 Nm at 6,500 rpm. The mill comes mated to a five-speed transmission. There are no changes to the cycle parts as well.

2018 Honda CB Hornet 160R is based on the Diamond type frame. The motorcycle comes equipped with telescopic suspension up front and a monoshock at the rear. The braking power comes from 276mm disc brake up front and 220mm disc brake at the rear in addition to the single channel ABS.

The new CB Hornet 160R goes up against Bajaj Pulsar NS 160, TVS Apache RTR 160 4V and Yamaha FZ-S.

 

[Bilal9]

Honda opens new motorcycle plant in Bangladesh
TWO-WHEELERS
By Autocar Pro News Desk , 11 Nov 2018

http://www.autocarpro.in/news-international/honda-opens-new-motorcycle-plant-in-bangladesh-41274

Bangladesh Honda Private Ltd (BHL), Honda's motorcycle business joint venture in Bangladesh, today inaugurated a new motorcycle factory in the Abdul Monem Economic Zone, Char Boushia, Gazaria, Munshiganj Disrict, Dhaka Division in Bangladesh.

BHL, which is engaged in import, production and sales of motorcycles, has relocated its factory, which was officially inaugurated today, from Gazipur to the new location in the Abdul Monem Economic Zone. BHL currently retails seven models, which comprises five locally produced bikes (Dream Neo 110, Livo, CB Shine 125, CB Trigger 150, CB Hornet 160R) and imports two (Dio 110) and CBR150R.


The inauguration was attended by representatives of the Bangladesh governmen and Honda including Yoshi Yamane, Senior Managing Director and Chief Officer for Production Operations of Honda Motor Co; Noriaki Abe, Operating Officer and Chief Officer for Motorcycle Operations of Honda Motor Co; Masayuki Igarashi, Operating Officer and Chief Officer for Asia & Oceania Regional Operations of Honda Motor Co and President & CEO of Asian Honda Motor Co, and Yuichiro Ishii, managing director and CEO of BHL.

The factory itself, which currently occupies one-third of the property, took a year to complete following the groundbreaking ceremony held on November 5, 2017. It will have an initial annual production capacity of 100,000 units of motorcycles. In line with market trends, BHL plans to continue to invest in expanding its production capacity to 200,000 units by 2021, and will build its full-phase factory on the remaining two-thirds of the property to accommodate future market growth.

Growing demand for two-wheelers sees Honda increase localisation
Honda says the motorcycle industry in Bangladesh is undergoing rapid growth with strong government support, including promoting a localisation policy and reducing supplemental duty in December 2016.

This is why BHL is increasing localisation of component parts, which in turn will increase cost effectiveness for the models of motorcycles produced at the new factory. For example, the new factory is introducing welding and painting sections for localisation with technical support from Honda Motor in Japan. Initially, BHL will localise the body frame and swing arm and then gradually expand localisation to other parts assembled at the new factory in the future.

The new factory opens up more opportunities for employment and technology transfer to local associates. Currently, the company has 390 associates, and BHL plans to increase the number of associates in line with its business expansion. The company will also provide associates with training in the skills necessary to deliver the best-quality products that will bring joy and satisfaction to Honda customers.

Yoshi Yamane, Senior Managing Director and Chief Officer for Production Operations of Honda Motor Co, said, “The inauguration of the new factory demonstrates one of the most important initiatives to realize Honda's 2030 Vision. Bangladesh Honda will aim to develop further by providing reliable, quality products from this new factory.”
Yuichiro Ishii, MD and CEO of BHL, said “As the leading motorcycle manufacturer, and with the guidance and expertise of Honda Motor in Japan, we believe that the motorcycle industry will expand and contribute to the national economy by generating more employment, developing a skilled workforce, transferring technology, encouraging the growth of a parts supplier industry, and attracting more direct foreign investment.”

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12:00 AM, June 06, 2018 / LAST MODIFIED: 01:39 PM, July 02, 2018
TWO WHEELER SPECIAL SUPPLEMENT
Bangladeshi motorcycle industry revs toward record numbers

Sohel Parvez

Read the Bengali version of this article here.

More than half a dozen of firms are establishing facilities to assemble and manufacture two-wheelers.Every day new buyers are visiting the sales centers in their quest for faster mobility, be that in traffic congested big cities, small towns or in rural areas. Emergence of ride sharing has given further impetus to the once slow growing sector. Now more than 1,000 bikes are sold daily, which was just half of daily sales five years ago, according to data collected from industry insiders.

Operators now predict that the market would grow many folds in the next two-three years because of rising incomes, steady growth of economy and favourable policy and tariff structure that encourages assembling, leading to the eventual manufacturing. This is expected to gradually end import of completely built bikes into the country.

“There is huge opportunity to grow,” said Hafizur Rahman Khan, chairman of Runner Automobiles Ltd, a pioneer in setting up plant to make two-wheeler in the country. Runner makes the forecast betting on the economic growth prospects of the country that registers over 6 percent growth in GDP for more than a decade and a significant number of youth in the demography.

“Notably, in this growing economy, more than 75 percent of Bangladesh population is less than 40 years old, who aspire to have easy and independent mobility solution for their day to day needs. A motorcycle can be a very good solution to cater to this need of the emerging middle class of Bangladesh,” he said. Presently, only around 19 percent of households in Bangladesh have motorcycles, which is less than that of neighboring countries such as India where 47 percent of households have bikes. In China, 60 percent of households own two-wheelers. The percentage of households having bikes is 43 percent in Pakistan, 83 percent in Malaysia and 87 percent in Thailand, said Mukesh Sharma, managing director & chief executive of Runner Automobiles. Elasticity of vehicle ownership increases exponentially when the GDP per capita PPP (Purchasing Power Parity) of a country is crosses $4000. This is a clear indicator of potential of growth in automobile sector for Bangladesh as its GDP per capita PPP currently is hovering around $4,500, he added.


“We see huge prospect for motor cycle market,” said Subrata Ranjan Das, executive director of ACI Motors, which markets two-wheelers by Yamaha and has plans to assemble Yamaha motorcycles here. He said total sales of bikes would exceed 10 lakh by 2021 if the existing import duty and manufacturing policy remains unchanged.

Industry operators said sales of bikes, which was below 2 lakh units in 2013, started soaring after the government cut supplementary duty (SD) on import of the two-wheeler's components. The duty on import of completely knocked down units of motorcycle was slashed by 25 percentage points to 20 percent in 2016-17 to encourage local assembly and subsequent manufacturing. As a result of the reduction, prices of bikes fell, encouraging customers to buy.

Sales of bikes shot up 44 percent year-on-year to 3.87 lakh units in 2017 from a year ago. This was the highest sales of bikes in a year, said Das of ACI Motors, a concern of ACI Ltd.

Ashikul Islam, regional sales manager of Rancon Motor Bikes Ltd, said the market will grow fast until the end of 2019. All the major players will start assembling in the next couple of years, said Islam. Rancon is setting up a plant to assemble Japanese Suzuki brand bikes in Gazipur, nearly kilometer north from Dhaka city.

Operators said the rapid popularity of ride sharing through apps has also pulled up demand for two-wheelers in recent months. “New buyers are coming to buy motorcycle to earn through offering ride-sharing,” said Islam.

Runner's Chairman Khan said ride-sharing apps have a good contribution to the recent increase of bike sales. Govt has framed the policy framework and many ride-sharing start-ups have started to mushroom. These app based mobility solutions are enticing the youth to earn some quick and reasonable cash out of commuting through sharing of resources, he said. “We expect this trend to continue considering a lot of young migrants in search of opportunity from rural lands to cities such as Dhaka, Chittagong and Sylhet. Many organisations have offered customised packages to various ride-sharing companies to attract this influx of demand arising out of shared mobility,” said Khan.

ACI's Das said overall demand for motorcycles have increased in Dhaka because of popularity of ride-sharing. Sales of bikes in 110-125 cc segments have risen, he said. However, operators said the sector could not grow as expected in absence of finance from banks and financial institutions. At present, banks and financial institutions do not finance motorcycles in Bangladesh, although banks finance motorcycles in the neighbouring countries, , according to Khan of Runner Automobiles. “And this has catalysed the growth in motorcycle industry,” he said urging the government for encouraging banks to finance two-wheelers.

Das of ACI echoed Khan. There should be schemes like auto-loan for motorcycles, he said. Das also demanded policy continuity and consistency to help flourish the bike industry.

Last year, the government framed a policy to facilitate the development of motorcycle manufacturing industry in Bangladesh to meet the domestic demand for low-cost modes of transport as well as to expand the export basket. The policy has targeted to locally manufacture 5 lakh motorcycles a year by 2021 and double the number by 2027. Policies supporting the manufacturing ecosystem domestically would not only help create more jobs for the Bangladeshi people through automobile sector but can also help produce more affordable and qualitative motorcycles,” said Khan.He said Runner Automobiles has plants in Bhaluka and Gazipur and produces frame body, fuel tank, swing arm, stand and other child parts at the facility.

The company, which got the President's award for Industrial Development, also promotes and encourages entrepreneurs to come up with component manufacturing, said Khan, adding that the company was taking components--motorcycle seats, drive chains, tyres, batteries and plastic components--from various local vendors in Bangladesh.Runner has also started exporting its two-wheeler to Nepal.

Islam of Rancon said some firms have started making components of two-wheelers to support domestic manufacturing here.

Das of ACI also suggested ratonalisation of tariff structure for import of scooter. Duty structure between scooter and motorcycles should be separate. Reduced duty of scooters will encourage more women to use the two-wheeler, which is also linked to women's empowerment, he added.

====================================================

Well looks like everyone needs their own rides nowadays, and govt. needs to provide some too. Women are the largest under-served market.

 

[Bilal9]

Why Honda & Suzuki Reduce The Motorcycle Price In Bangladesh & other Didn’t?
Wasif Anowar

Bangladesh motorcycle industry is going through a revolution, something which is good for our economy. With backing from the government big companies will go ahead for manufacturing motorcycles in Bangladesh, thus it will help to get more job & motorcycles in the future will be more affordable in this country.So far only two companies reduced the price of their motorcycles question remains will other follow the trail or not!

So far only two companies have reduced the price of their motorcycles, HONDA & SUZUKI (Now Hero also giving cash back offer) but many questions has been done over the past 2-3 weeks that when will other companies will reduce the price of their motorcycles! Sadly the regulation is a bit complicated but I will try my level best to explain this to you all.

Currently the import regulation of brand new motorcycles in Bangladesh is between 50cc- 155cc and motorcycles comes in Bangladesh in CBU or in CKD form which is explain below

CBU: Complete Build Unit– Here the bike comes in a box with only few parts not attached with it (mostly tyres and mirror, in some cases body kit), the rest of the bike which includes the chassis, fuel tank, engine are all mounted with the bike from the factory outside Bangladesh. E.g:, Honda CBR150R,Honda Wave Alpha, All Yamaha motorcycles from ACI Motors (as of 31st December 2016). In CBU condition the tax is 151%.

CKD: Complete Knock Down– Here the bike comes in many small parts, only the chassis and engine comes intact from the factory outside Bangladesh & the rest of the bikes are assembled here, so the nuts & bolts are adjusted here following the manual of international factory regulation. E.g: Honda CB Shine, CB Trigger, Bajaj Pulsar AS150, Suzuki Gixxer & most motorcycles between 50-155cc. In CKD the tax is 131%.

PM: Progressive Manufacturing – This is the new regulation set by the government in the budget of 2016-17 where a company will place a progressive manufacturing plan to concerned government authority and upon approval they will get an import permission on reduced duty till two years from date of approval. On the Second year importer has to localize 10% of parts that is parts made in Bangladesh locally and then assembled with the motorcycle. Gradually each year importer has to add another 10% of parts till 5th year when the localization ratio becomes 50%.

Back in 2016-2017 in the national budget the government decided to promote progressive manufacturing in Bangladesh, so they made a new policy SRO NO: 155-AIN/2016/17/Customs Date June 2 2016(SRO 155), under this new policy all the motorcycle companies who will get permission for progressive manufacturing will pay a customs tax of 20% from 45% which is a reduction of 25% for CKD progressive manufacturers.

So only the companies who can afford to follow the policy of progressive manufacturing will be able to get the tax reduction advantage hence Bangladesh Honda Pvt Ltd were the first company to announce their price reduction & then came Rancon Motor Bike (Distributor of Suzuki Motorcycles) in Bangladesh after 6 months from budget declaration.

Few other motorcycle companies have also applied for Progressive Manufacturing license & are waiting for government approval on it, part of the regulation also said that if a company who achieved the progressive manufacturing license fails to follow the policy will pay a huge amount of fine to the government & for few companies the punishment will be so high that they might also shut down business in this country.

One of the biggest question which raised what is the position of Yamaha in all these, well as we know that Yamaha rebirth in Bangladesh under the roof of ACI Motors, & just like every companies they started their life in the CBU form, all their bikes coming are in CBU form from India paying 151% import duty, hence you get to see the best finishing in the motorcycles with ensured Yamaha quality.

Yes it is a bit hard for the Yamaha lovers but motorcycle manufacturing is not like you make a factory & go, you have to go step by step & then move forward, developing countries like INDIA, INDONESIA & THAILAND didn’t became motorcycle hub in a single day but they took their time and moved step by step which took 30 years in India. Development of quality local suppliers for parts is a prime concern to enhance localization in Bangladesh where the lack of quality materials, electricity & skilled manpower still a big problem.

It is a nice initiative by the government to promote Progressive Manufacturing in Bangladesh which will help the bikers to get to use top brand motorcycles in Bangladesh in low price then it is currently.

 

[Arulmozhi Varman]

So Hero and Bajaj, get ready for competition in Bangladesh. Personally Honda is a very reliable product. Used to own Honda Trigger, the before version of Hornet.

 

[Musalman]

What ever happend to Dawood East Pakistan Limited ??? What became of it?

 

[Bilal9]

What ever happend to Dawood East Pakistan Limited ??? What became of it?

Dawood had some textile and Jute mills and they were nationalized after 1971. They never had motorcycle plants in East Pakistan.

Video on government policy to facilitate development of motorcycle manufacturing industry in Bangladesh

Runner brand going for exporting higher displacement models overseas

 

[bluesky]

Dawood had some textile and Jute mills and they were nationalized after 1971. They never had motorcycle plants in East Pakistan.

As far as I know, Dawood Group also bought Karnafuli Paper Mills from the central Pakistan government.

 

[Bilal9]

As far as I know, Dawood Group also bought Karnafuli Paper Mills from the central Pakistan government.

Well it may have been so, but as far as I know, Karnafuli Paper Mills at Chandraghona in Rangamati was always run under Bangladesh Steel and Engineering Corporation (BSEC) which is a state-run entity.

Visited the place many times at the invite of the MD (my dad's old classmate) and the grounds are quite picturesque and well manicured.

They run off of the bamboo floated down the river from the hills. The large industrial hemispherical 'digester' device used to 'cook' the bamboo into pulp was also fabricated in Bangladesh in the early eighties as I remember reading.

They make all the newsprint for the local newspapers.

Sorry for the OT comments.

 

[bluesky]

So Hero and Bajaj, get ready for competition in Bangladesh. Personally Honda is a very reliable product. Used to own Honda Trigger, the before version of Hornet.

I think both Hero and Bajaj both will have their respective markets in Bangladesh. Consumers have different choices and their purses are not very equal, too. Anyway, I believe Honda factory will be assembling the products, at least initially.

However, I hope Honda Company will gradually ask the local small companies to produce small body parts with the strict adherence to the Honda specifications. Like any other Japanese company Honda does not believe in sweet talking when it is quality and schedule. I wish Japanese work ethics to gradually penetrate our society where people usually ask, "ভাই, দশটার ট্রেন কয়টায় আইবো"?

 

[bluesky]

Well it may have been so, but as far as I know, Karnafuli Paper Mills at Chandraghona in Rangamati was always run under Bangladesh Steel and Engineering Corporation (BSEC) which is a state-run entity.

Wrong. Talk about the time when it was before 1971 if you know. Where was the word Bangladesh before that? The Paper Mills was sold to Dawood Group during the time of Ayub Khan.

By the way, why the Hell are you again sending tons of internet-supplied motorcycle photographs and millions of pages of typed papers? Is it necessary? Write something that is the output of your own brain. You remain as fool as before!! LoL----.

 

[Bilal9]

Wrong. Talk about the time when it was before 1971 if you know. Where was the word Bangladesh before that? The Paper Mills was sold to Dawood Group during the time of Ayub Khan.

By the way, why the Hell are you again sending tons of internet-supplied motorcycle photographs and millions of pages of typed papers? Is it necessary? Write something that is the output of your own brain. You remain as fool as before!! LoL----.

You know - insulting others is a sign of one's own insecurities.

Just because you can, doesn't mean you should.

We all come here to share some things and learn a few other things.

If you don't like it - then you really don't need to comment.

No point in getting all negative and trying to pick fights.

And your netiquette needs some serious thought on your part. Like why you insult people for no reason.

@Horus, @Oscar, @UKBengali

 

[bluesky]

You know - insulting others is a sign of one's own insecurities.

I am not insulting you or anybody. But, you must reflect yourself about the propriety of your copy/paste lengthy posts. I am no insecure man, but many of you guys are, who show off their ill-gotten money or superficial knowledge. I myself try to contribute as correctly as possible, but most from Bangladesh feel insecure when I write the truth about the country or its economy.

I am happy about this Honda FDI. But, I am not positive about borrowing and spending billions of dollars on a few prestige projects though I believe these are needed. But, the govt should take a long-term look and find ways to build many physical structures with the manpower and money available in the country.

It is possible because the main two ingredients are produced in the country. These are cement and steel. The thing lacking is the knowledge of doing structural analysis by the engineers in the private companies. The govt should get help from foreign design (consultant) companies to improve their knowledge.

Sorry for writing about the out of context topic.

 

[Bilal9]

Runner Automobiles has already received license from govt. to assemble motorcycles above 150 cc for export. Initially they are targeting manufacture and export of bikes in the 250 cc class which is a sweet spot. They also signed agreements with their Tunisian and Algerian agent for a few initial batches.

They have some newer design bikes with liquid cooled engines as seen below. Will these be in demand on the upper end of the market and make the govt. remove barriers to the displacement limit? Let's hope so.

The logic for the limit was that 150cc bikes was the standard for the cops. With prices slowly being lowered to the point of being halved (because of local manufacture), you can get 250 cc bikes at the same prices for the cops, so that limit-logic no longer holds. Plus budgets for police depts. have gone up as well in the last decade....

They also signed a contract with STCBL in Bhutan to export motorcycles there,