Rangs Group ventures into Chinese car business
Rangs Group has recently ventured into Chinese passenger cars business in Bangladesh following an agreement with Geely International Corporation, China, says a press release.Under the contract, Rancon Autos Limited, a sister concern of Rangs Group, has been appointed the sole distributor and authorised after sales service provider of Geely passenger cars in Bangladesh. Geely International Corporation is a large-scale subsidiary company of Geely Holding Group in China and the exclusive authorised exporter of Geely automobiles. The year 2003 witnessed the first-ever exports of Geely finished products. By 2004 automobiles produced by Geely were exported to Africa, the Middle East, central America and South America. More recently the company has established trading relationships with over 50 countries. Initially, Rancon Autos Limited will sell Geely Sedan cars both in 1300cc and 1500cc categories. The selling price of 1300cc and 1500cc fully loaded brand new car will be approximately Tk 9 lakh and 11 lakh. Rancon Autos Limited will also ensure three years warranty of the cars including all spare parts.
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