IFAD Autos PLC
DDSE:IFADAUTOS22.30
BDT
-0.10
(-0.45%)
ISIN
BD0237IFADA9
Return %
Stock
S&P 500
1Y
6.70
14.20
3Y
-49.43
81.12
5Y
-58.26
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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- CEO
- Tanveer Ahmed
- Full Time Employees
- 1,105
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- Dhaka Bangladesh
- IPO Date
- Oct 2, 2014
- Similar Companies
- Business
- IFAD Autos PLC is a Bangladesh-based automotive manufacturing, assembly, and distribution company engaged in the marketing, body fabrication, and after-sales support of commercial vehicles, passenger transport solutions, motorcycles, and related automotive components. Founded in 1988 and headquartered in Dhaka, Bangladesh, the company operates as the automotive flagship of the IFAD Group and serves commercial logistics operators, public transportation providers, corporate fleet clients, government agencies, and individual retail consumers across Bangladesh. The company operates across multiple core automotive segments offering a comprehensive portfolio of products and services, including: commercial transport vehicles such as heavy-duty trucks, medium and light commercial vehicles, prime movers, tippers, container carriers, and specialized cargo haulers under the Ashok Leyland brand; passenger transportation vehicles comprising intercity luxury air-conditioned coaches, standard non-air-conditioned buses, corporate staff buses, school buses, and urban minibuses; mid-capacity lifestyle motorcycles, notably the Royal Enfield 350cc line including the Hunter 350, Classic 350, Bullet 350, and Meteor 350 models; vehicle body manufacturing and structural engineering solutions encompassing advanced bus body building, truck cabin fabrication, specialized tipper body fabrication, and customized chassis modifications; and automotive support solutions featuring genuine replacement spare parts, industrial and automotive lubricant distribution, fleet repair services, warranty support, and nationwide mobile workshop assistance through an integrated network of Sales, Service, and Spares (3S) centers. In recent developments, IFAD Autos PLC has undertaken major strategic expansions and operational milestones, including the completion and commercial commissioning of a dedicated assembly plant in Bangladesh under an exclusive manufacturing and distribution partnership with Eicher Motors Limited for the Royal Enfield motorcycle brand following national policy revisions on motorcycle engine capacity limits. The company also completed its corporate reorganization and statutory renaming from IFAD Autos Limited to IFAD Autos PLC, expanded production capacity at its integrated commercial vehicle assembly and bus body manufacturing facility in Dhamrai, Dhaka, and broadened its commercial lineup in partnership with Ashok Leyland Limited to integrate advanced emission-compliant chassis platforms and specialized municipal transport vehicles.