Japanese automotive giant Toyota Tsusho Corporation has officially unveiled an expansive industrial roadmap to establish an automobile manufacturing plant in Bangladesh. On Tuesday (October 6, 2026), a high-level delegation led by Ichiro Kashitani, Vice Chairman of Toyota Tsusho Corporation, met with Prime Minister Tarek Rahman at the Bangladesh Secretariat to formally present the investment proposal. The meeting was confirmed by Shahadat Swadhin, Deputy Press Secretary to the Prime Minister.
This historic investment by Toyota is expected to generate large-scale employment, accelerate technology transfer, drive domestic industrialization, and develop a highly skilled technical workforce in Bangladesh.
Domestic Hybrid Electric Vehicles (HEV) by 2029: Guided by its core philosophy “With Bangladesh, For Bangladesh,” Toyota Bangladesh Limited will break ground on a Hybrid Electric Vehicle (HEV) assembly and manufacturing plant in a Special Economic Zone in 2027. Full-scale commercial production is slated to begin by 2029.
Divisional Network Expansion: To enhance customer accessibility, Toyota is actively implementing plans to expand its sales and service distribution network across all divisional headquarters in Bangladesh.
Technical Skills & Workforce Development: Toyota expressed its commitment to empowering Bangladeshi youth through international-standard technical and vocational training, bolstering local talent to support the nation’s future automotive industry.
Pro-Investment Environment & Government Support: Welcoming the proposal, Prime Minister Tarek Rahman reaffirmed the government’s commitment to fostering a stable, competitive, and investor-friendly climate for both foreign and local capital. He also invited Toyota to explore investments in waste-to-energy and renewable energy sectors.
High-Level Presence: The meeting was attended by Commerce Minister Khondokar Abdul Muktadir, Finance & Planning Adviser Dr. Rashed Al Mahmud Titumir, State Minister for Foreign Affairs Humayun Kabir, Mobility Division CEO Shigeru Harada, and Toyota Bangladesh Limited President Premmit Singh, among other senior officials.
