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Meghna enters heavy vehicle tyre production after Gazi falls
Meghna Innova Rubber Company Ltd, a concern of Meghna Group, is producing truck, bus, and agricultural tyres at its expanded Mirzapur facility in Tangail, which is expected to fill the gap left by the now-closed Gazi Auto Tyres.
Published: September 14, 2025
"Our goal is to make Bangladesh self-sufficient in heavy-duty tyre manufacturing, just like we achieved with motorcycle tyres," said Md Luthful Bari, chief operating officer of Meghna Innova, in an interview with The Daily Star recently.
"With the right policy support, we can eliminate the need for imports in this sector entirely," he added.
Prior to Meghna, the heavy-duty tyre segment used to be dominated by Gazi Auto Tyres before its closure in August 2024 following a devastating fire and vandalism at its Rupganj plant after the mass uprising. Owned by ex-Awami League lawmaker Golam Dastagir Gazi, the company captured 15 to 20 percent of the market for bus and truck tyres, and 65 percent in the minibus segment before it went out of commission.
Overall, Gazi Tyres met 70 percent of the country's demand for tyres used by rickshaws, three-wheelers, and small commercial vehicles. The destruction at the Rupganj factory caused an estimated loss of Tk 1,000 crore and left around 2,650 workers unemployed.
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