{"id":55,"date":"2023-01-25T05:41:19","date_gmt":"2023-01-25T05:41:19","guid":{"rendered":"https:\/\/hashtagdhaka.com\/?p=55"},"modified":"2023-01-25T05:41:21","modified_gmt":"2023-01-25T05:41:21","slug":"locally-assembled-hyundai-creta-is-now-available-price-in-bangladesh","status":"publish","type":"post","link":"https:\/\/hashtagdhaka.com\/locally-assembled-hyundai-creta-is-now-available-price-in-bangladesh\/","title":{"rendered":"Locally Assembled Hyundai Creta is now available; Price in Bangladesh"},"content":{"rendered":"\n
What\u2019s the difference between \u2018assembled\u2019 and \u2018made?\u2019 If you dive into dictionaries, you\u2019ll learn that what the newly inaugurated Hyundai plant in Bangladesh is doing falls into the former word, not necessarily the latter one.<\/p>\n\n\n\n
Yet, Fair Technology \u2014 the actual company powering the plant, is running with the \u201cMade in Bangladesh\u201d tagline for the first 100 units of Hyundai Creta that were, err, assembled in Bangladesh. <\/p>\n\n\n\n
The Hyundai plant in Bangladesh definitely marks the start of a new era for car buyers in Bangladesh. <\/p>\n\n\n\n
At present, the import tax is so high that cars cost several times their actual value. People have been waiting for years for a name brand to begin locally producing cars. And that day is here.<\/p>\n\n\n\n
But something is not right.<\/p>\n\n\n\n\n\n\n\n
The Hyundai Creta is the first model that Fair Technology is producing with support from the South Korean brand, Hyundai Motors. Fair Technology says it will add one more model by the end of the year while increasing production to 10,000 units per year from its current capacity of 3,000 units per year.<\/p>\n\n\n\n
From Fair Technology\u2019s recent campaigns, we\u2019ve learned that the price of the 1500cc Hyundai Creta \u2018made\u2019 in Bangladesh is set at 34.5 Lakh Taka (BDT 34,50,000)<\/strong>.<\/p>\n\n\n\n This isn\u2019t the first time Fair Technology is selling Hyundai Creta in Bangladesh, though. The imported variant was sold for about 43 Lakh Taka (BDT 43,00,000). Compared to that, the locally-assembled model is about 7.5 Lakh Taka cheaper.<\/p>\n\n\n\n For many, that isn\u2019t cheap enough.<\/p>\n\n\n\n On social media, the majority\u2019s reaction is negative to the fact that a locally assembled crossover is still that expensive, especially when you compare it to the price of the same car in India. The ex-showroom price for a Hyundai Creta starts at 10.64 Lakh Rupees<\/a><\/strong>.<\/p>\n\n\n\n In today\u2019s exchange rate, that\u2019s less than 14 Lakh Taka.<\/p>\n\n\n\n We don\u2019t expect to see that price tag here, obviously. That price is for Creta\u2019s lowest trim, and there must be more cost associated with importing the parts that are to be assembled in Bangladesh. <\/p>\n\n\n\n But \u201cdeshi Creta\u2019s\u201d 34.5 Lakh Taka price tag is more than twice the amount, and like many of those on social media, I\u2019m pretty disappointed.<\/p>\n\n\n\n Thankfully, not all is doom and gloom.<\/p>\n\n\n\n One of the biggest concerns people have when buying a brand-new non-Toyota car is the free-fall of its resale value. Though thinking about resale value may not be the best way to shop for a car, it\u2019s undeniable that Toyota cars, especially the JDM-imported ones (think Allion, Premio, Corolla, Axio, etc.), retain their value for an unusually long period of time.<\/p>\n\n\n\n So you can\u2019t really blame customers for thinking about resale value.<\/p>\n\n\n\n But there\u2019s some good news for buyers concerned about Hyundai Creta\u2019s resale value. Fair Technology will offer Hyundai Creta buyers (or Creta \u0995\u09cd\u09b0\u09c7\u09a4\u09be) a \u201cbuy-back<\/strong>\u201d facility that will allow customers to sell their Creta back to Fair Technology for a maximum of 60% of the car\u2019s purchase price<\/strong>, provided the car is less than 3-year-old<\/strong> and has less than 40,000 km<\/strong> on the odometer.<\/p>\n\n\n\n I think that\u2019s great. It\u2019s still not in Toyota territory, but it\u2019s definitely something.<\/p>\n\n\n\nHyundai Creta resale value<\/h2>\n\n\n\n