Runner Automobiles Limited has informed that Board of Directors has approved to sign an agreement with Bajaj Auto Limited, under which agreement the company (RAL) will Manufacture & Distribute Bajaj brand RE 4S 3-wheeler in Bangladesh and will take necessary technical support for localization of parts & components, assembling and manufacturing of vehicles from Bajaj Auto Limited. This will be the first ever 3-Wheeler manufacturing set up of a global brand in Bangladesh. The Company also informed that they will invest approximately BDT 3,000.00 million, a part of which will be funded by IPO proceeds which has already been approved by the board in their l54th meeting held on 28th October, 2019 and subsequently it was approved in the 6th EGM held on 17th December, 2019 and taken approval from Bangladesh Securities & Exchange commission (BSEC) dated 24th February, 2020.

The Company presence in the 3-wheeler market will be further strengthened by setting up the manufacturing plant with ensuring quality, availability and affordable price.