Royal Enfield 350 Model Bikes Arriving in the Market from July

Ifad Motors is set to launch Royal Enfield in the country by May. The company plans to start with 4 models in July. Currently, the company is looking for dealers nationwide.

Taskin Ahmed, Director of Ifad Group, said that these four models named Classic, Bullet, Hunter, and Meteor will be manufactured in Bangladesh, and the prices will depend on the exchange rate. He further added, "We will try to keep the prices as low as possible." However, he refused to disclose the motorcycle prices before sales begin.

However, an anonymous Ifad Group official told TBS that if the dollar price remains within BDT 125 when the motorcycles are launched in the market, the prices for the four models could be between BDT 5 lakh and BDT 6 lakh.

Currently, Ifad Motors' factory in Chattogram has the capacity to produce 40,000 motorcycles annually.

Relevant officials of Ifad Group also informed that about 15 dealerships will be selected in 2024.