Bike registration fee is halved!!!

Good news for motorcycle buyers. This is because the registration fee for these two-wheelers has been reduced by almost half. The Ministry of Finance has recently approved the proposal of the Ministry of Road Transport and Bridges to reduce the registration fee. This will reduce the cost of registration of customers.

From now on, the registration fee for a motorcycle with an engine capacity of 100 cc or below will cost Tk 2,000. Which was 4 thousand 200 rupees so far. And the registration fee for a motorcycle with an engine capacity of more than 100 cc will be 3 thousand rupees. Which was 5 thousand 600 rupees before. The latest motor vehicle registration fee was fixed in 2014.

Officials of the Road Transport and Highways Department said the decision to fix the registration fee for motorcycles at 10 per cent of the market price was taken at a meeting of the Bangladesh-Japan Joint Government-Private Economic Dialogue held on August 16 last year under the chairmanship of the Chief Secretary to the Prime Minister. Earlier, in a meeting with the Industries Minister, the Japanese Ambassador in Dhaka proposed to reduce the cost of registration of motorcycles. Japan is one of the development partners of Bangladesh. At Japan's request, it was proposed to reduce the fee out of concern for the country's customers and for all motorcycles to be registered.

According to the Bangladesh Road Transport Authority (BRTA), despite the limited traffic in Corona, customers registered 3,11,017 motorcycles across the country last year. In 2019, customers have registered 4 lakh 1 thousand 452 motorcycles across the country. In 2016 and 2017, this number was three lakh 93 thousand 545 and three lakh 25 thousand 6 respectively. In other words, the use of motorcycles is constantly increasing in the country.

Hafizur Rahman Khan, chairman of Runner Group, a motorcycle manufacturer, told Samakal that if any buyer gets the benefit, it will have a positive impact on the market for that product or service. This decision of the government during the Corona period will help to return to the market of motorcycle industry. (Samakal)