MG JW Automobile Pakistan has signed an agreement with Bangladesh’s RANCON Group to export locally assembled MG vehicles. The deal opens a new regional market for Pakistan’s automotive industry.
The companies signed the memorandum of understanding on Thursday. Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan witnessed the ceremony. MG JW plans to ship 100 Pakistan-made vehicles to Bangladesh during 2026. Total exports could reach 5,800 units over the next four years.
Deal Targets Regional Expansion
The agreement gives MG JW a route into Bangladesh through RANCON. The Bangladeshi conglomerate has maintained a strong presence in the automotive business for decades. It also operates in electronics, real estate, motorbikes, telecom and several other industries.
RANCON Group Executive Director Muhammad Mostafizur Rashid Bhuiyan said the partnership would add competition to Bangladesh’s automobile market. He also said Pakistan’s auto industry had achieved international manufacturing standards and held considerable export potential.
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MG JW Automobile Pakistan Chief Executive Officer Jianqiang Shao said the agreement reflected the company’s long-term export commitment. He added that MG JW wanted to expand its presence across regional and international markets.
Chief Operating Officer Amir Nazir also attended the ceremony. Senior government officials, representatives of both companies and members of the business community joined him.
Government Links Deal to Export Growth
Khan described the agreement as part of the government’s vision of “transforming Pakistan into an export-oriented and industrially competitive economy.”
He said the vehicle shipments would “generate millions of dollars in foreign exchange for Pakistan.” The project also supports the government’s export-led industrial growth agenda.
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According to Khan, the government is promoting exports and strengthening domestic manufacturing. It also wants to attract investment and create a business-friendly environment for industry. He linked those measures to Prime Minister Shehbaz Sharif’s economic and industrial strategy.
The SAPM said Pakistan’s automotive sector had improved quality, localisation and production capacity. Those gains now allow locally manufactured vehicles to compete more effectively in overseas markets.
New Auto Policy Focuses on Localisation
Khan said the government was finalising a comprehensive auto policy. The framework will seek to increase vehicle exports, deepen localisation and strengthen Pakistan’s automotive manufacturing base.
The Ministry of Industries and Production has placed local parts manufacturing at the centre of its policy work. In April, the ministry said it was compiling a list of components that Pakistani companies could produce. Officials also discussed possible incentives for electric-vehicle parts.
Khan said the government would continue supporting industries that contribute to exports, employment and technological advancement.
The first batch of 100 vehicles will establish the commercial pathway between Pakistan and Bangladesh. Reaching the four-year target would make the deal one of Pakistan’s larger recent passenger-vehicle export initiatives.
