Runner Automobiles

What Runner Automobiles does

Runner Automobiles PLC is the flagship company of Bangladesh-based Runner Group, founded in 2000 by Chairman Hafizur Rahman Khan. It is the first domestic manufacturer of motorcycles in Bangladesh, having begun local production in 2007 and secured full-fledged government manufacturing approval in 2011. The company manufactures two-wheelers in the 80cc to 250cc range (models including AD 80 Deluxe, Bullet 100, Turbo 125, Kite, Royal+, Cheeta, Duranto, F100 6A, Turbo Racer 150cc, and Knight Rider 150cc) at its Bhaluka, Mymensingh facility, approximately 70km north of Dhaka, and currently exports motorcycles to Nepal and Bhutan with disclosed plans to expand into African markets including Tunisia, Kenya, Sudan, Togo, Nigeria, and Burkina Faso.

The group's revenue model is anchored in a multi-subsidiary distribution and assembly platform rather than a single product line. Runner Motors PLC is the exclusive authorized distributor of Volvo Eicher commercial vehicles in Bangladesh (with a CKD assembly plant at Bhaluka), holding approximately 20% market share in overall commercial vehicles and 35% in the Light and Medium (LMD) segment. Runner Trading Limited distributes IVECO Trakker, 682, and Daily light commercial vehicles, IVECO defence vehicles, and construction equipment from Dynapac, Shantui, Sinoway, Liebherr, and Soima, plus Zhongtong and JBM electric buses. Runner Trade Park Ltd. distributes Bajaj genuine parts, and Runner Lube & Energy Ltd. distributes IOCL Servo lubricants. A strategic joint venture with Chinese automaker BYD (CG RUNNER BD LTD.) is establishing local EV manufacturing at Bhaluka with a Tk2.6bn (~USD 27M) capital commitment, supported by Bangladesh's new EV policy. Adjacent technology subsidiaries include Bondstein Technologies Ltd. (IoT) and Singularity Ltd. (digital products). Runner Group received the President's Award in 2016, Enterprise of the Year at Bangladesh Business Awards 2018, and the No. 1 Overseas Distributor award from VECV for eleven consecutive years; in 2023 it issued Bangladesh's first internationally certified sustainability bond backed by a BDT 2.67bn (~USD 27M) GuarantCo guarantee.

Name

Runner Automobiles

Legal name

Runner Automobiles PLC

Website

https://runnerbd.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Runner Automobiles PLC, founded in 2000 in Bangladesh, is the country's first domestic motorcycle manufacturer (80cc–250cc range) and part of Runner Group, which also distributes Eicher commercial vehicles, IVECO trucks and defence vehicles, BYD EVs, and construction equipment across Bangladesh with exports to Nepal and Bhutan.

Ownership category

akta.pro rank

Product category

Two-Wheeler and Commercial Vehicle Manufacturing

NAICS

Motorcycle, Bicycle, and Parts Manufacturing (336991), Motorcycle, ATV, and All Other Motor Vehicle Dealers (441227)

SIC

Motorcycles, Bicycles & Parts (3751), Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies (5010)

akta.pro primary industry

Electric Motorcycles & Electric Scooters Manufacturing (IMACAEAB)

akta.pro secondary industry

Dirt Bike / Motocross / Enduro Motorcycle Manufacturing (IMACAEAH)

Keywords

• Motorcycle manufacturing
• Commercial vehicle distribution
• Two-wheeler assembly
• Construction equipment distribution
• Automotive spare parts

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Two-Wheeler Motorcycle Sales: Manufacturing and sale of Runner-branded motorcycles including models AD 80 Deluxe, Bullet 100, Turbo 125, Kite, Royal+, Cheeta, Duranto, F100 6A, Turbo Racer 150cc, and Knight Rider 150cc. Also manufactures 200-250cc motorbikes for foreign markets. This is the flagship product line of Runner Automobiles PLC.
2. Eicher Commercial Vehicle Distribution: Runner Motors PLC serves as exclusive distributor of Eicher brand trucks and pickups in Bangladesh, holding approximately 20% market share in overall commercial vehicle industry and 35% in Light and Medium (LMD) segment. Revenue generated from vehicle sales, spare parts, and after-sales service through dealer network.
3. IVECO Commercial & Defence Vehicle Distribution: Runner Trading Limited (RTL) serves as distributor for IVECO Trakker trucks, 682 trucks, and Daily light commercial vehicles, as well as IVECO defence vehicles. Revenue from vehicle sales, after-sales service, and genuine spare parts through Dhaka and Chittagong facilities.
4. Electric Vehicle Manufacturing & Sales: Partnership with BYD to establish EV manufacturing facility in Bhaluka. Runner planning Tk2.6bn investment in local EV production. Revenue expected from locally manufactured electric vehicles.
5. Spare Parts & Accessories: Distribution of genuine spare parts for Runner motorcycles, Bajaj parts (via Runner Trade Park Ltd.), Eicher spare parts, and lubricating oils (via Runner Lube & Energy Ltd., distributor of IOCL Servo lubricants).
6. Electric Bus & Construction Equipment Distribution: Runner Trading Limited distributes Zhongtong electric buses, JBM electric buses, Dynapac road construction equipment, Shantui heavy equipment, Sinoway equipment, Liebherr mobile and crawler cranes, and Soima tower cranes.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Runner Automobiles PLC manufactures Runner-branded motorcycles (80cc to 250cc models) at its Bhaluka, Mymensingh facility and is Bangladesh's domestic pioneer in two-wheeler manufacturing. Runner Group also distributes Eicher commercial vehicles, IVECO trucks and defence vehicles, electric and ICE buses, construction equipment, and IOCL Servo lubricants through a nationwide dealer and service network across Bangladesh, with motorcycles exported to Nepal and Bhutan.

Product overview

Runner Automobiles operates as a diversified automotive and industrial conglomerate with Runner Automobiles PLC as its flagship company manufacturing two-wheelers (motorcycles), and RUNNER Motors PLC as the authorized distributor of Volvo Eicher commercial vehicles with local CKD assembly capabilities. The group distributes commercial vehicles (IVECO), construction equipment (Dynapac, Shantui, Sinoway, Liebherr, SOIMA), electric/ICE buses (Zhongtong, JBM), and defence vehicles through Runner Trading Limited. A strategic partnership with BYD (CG RUNNER BD LTD.) is establishing local EV manufacturing. The product portfolio spans motorcycles (80cc to 250cc), commercial trucks and buses, construction equipment, and automotive parts and lubricants. Key manufacturing facilities are located in Bhaluka, Mymensingh, with ISO certifications for quality, environmental, and occupational health and safety management.

Differentiator

Problem solved

Functional benefit

Brands

• Runner Motorcycles: Various models including AD 80 Deluxe, Bullet 100, Turbo 125, Kite, Royal+, Cheeta, Duranto, F100 6A, Turbo Racer 150cc, Knight Rider 150cc
• UM Motorcycles
• Runner Motors PLC
• Runner Properties Ltd.
• Runner Lube & Energy Ltd.
• Runner Trading Limited
• CG RUNNER BD LTD.

Products and services

• Runner Motorcycles Domestically manufactured Runner-branded motorcycles in 80cc to 150cc range including AD 80 Deluxe, Bullet 100, Turbo 125, Kite, Royal+, Cheeta, Duranto, F100 6A, Turbo Racer 150cc, and Knight Rider 150cc, targeted at individual consumers for personal mobility.
• 200-250cc Motorcycles (Export Models) Higher displacement motorcycles in the 200-250cc range manufactured by Runner for foreign export markets, including initial shipments of 200 units to Nepal via Matrix MotoCorp in 2017.
• Eicher Trucks, Buses and Pickups Eicher brand commercial vehicles including trucks, buses and pickups distributed and CKD-assembled by Runner Motors PLC at the Bhaluka facility for commercial fleet operators, transport companies and government agencies in Bangladesh.
• IVECO Commercial Vehicles (Trakker, 682, Daily) Full range of IVECO commercial vehicles including Trakker heavy-duty trucks for construction and logistics, 682 heavy-duty trucks, and Daily light commercial vehicles and minibuses, distributed by Runner Trading Limited with after-sales service and genuine spare parts.
• IVECO Defence Vehicles IVECO defence and tactical vehicles including tactical vehicles, logistic vehicles, LMV, MPV, and SuperAV armoured vehicles distributed by Runner Trading Limited to government and defence customers.
• Zhongtong Electric and ICE Buses Zhongtong electric and internal combustion buses distributed by Runner Trading Limited in Bangladesh for passenger transport operators.
• JBM Electric Buses JBM Group electric buses distributed by Runner Trading Limited in Bangladesh as part of its electric vehicle portfolio.
• Dynapac Construction Equipment Dynapac light construction equipment including tandem rollers, mini tandem rollers, steel drum rollers, combi rollers, compact pavers, city pavers, large pavers, mobile feeders, and rammers distributed by Runner Trading Limited for road construction and infrastructure projects.
• Shantui Heavy Equipment Shantui heavy construction equipment including L68K wheel loaders distributed by Runner Trading Limited in Bangladesh.
• Sinoway Heavy Equipment Sinoway heavy equipment including SWL50E wheel loaders distributed by Runner Trading Limited in Bangladesh.
• Liebherr Mobile and Crawler Cranes Liebherr mobile and crawler cranes including LTM series models (e.g., LTM 1110-5.1, LTM 1650-8) distributed by Runner Trading Limited for construction and infrastructure projects.
• Soima Tower Cranes and Self-Erecting Cranes Soima tower cranes and self-erecting cranes distributed by Runner Trading Limited for construction projects in Bangladesh.
• CG RUNNER BD LTD. (BYD Electric Vehicles) Electric vehicles manufactured locally in Bhaluka through a partnership with BYD, distributed under CG RUNNER BD LTD., targeting Bangladesh's emerging EV market.
• Runner Genuine Spare Parts and Bajaj Parts Genuine spare parts for Runner motorcycles, Eicher commercial vehicles, and Bajaj parts for two-wheelers and three-wheelers distributed through Runner Trade Park Ltd. and Runner's service network.
• IOCL Servo Lubricants IOCL Servo brand lubricants distributed by Runner Lube & Energy Ltd. through wholesale and retail channels in Bangladesh.

Quantifiable outcome

• Runner Motors holds ~20% market share in overall commercial vehicle industry and ~35% in Light and Medium (LMD) segment in Bangladesh.
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

13 partnerships are on record, tiered core and minor.

• BYDcoreStrategic or Co-development Partner · 1 January 2026Chinese automaker BYD is partnering with Runner Automobiles to establish an EV manufacturing facility in Bhaluka, Bangladesh. Runner plans a Tk2.6bn investment in local EV production. This is part of Bangladesh's new EV policy with tax incentives reducing EV import taxes from 93% to 66-80%.
• IVECOcoreChannel Partner/ Reseller/ Distributor · 1 October 2019IVECO signed a distributorship agreement with Runner Trading Limited (RTL) on October 1, 2019. RTL distributes IVECO Trakker trucks, 682 trucks, and Daily light commercial vehicles in Bangladesh. RTL provides a full range of after-sales services and genuine spare parts through its local network of facilities in Dhaka and Chittagong.
• VE Commercial Vehicles Limited (VECV)coreStrategic or Co-development Partner · 28 August 2017VE Commercial Vehicles Limited, India's one of the largest commercial vehicle manufacturers, partnered with Runner Motors to set up a CKD assembly facility at Runner's factory in Bhaluka. The partnership includes a training school for Eicher trucks and buses technicians.
• Matrix MotoCorp (Nepal)minorChannel Partner/ Reseller/ Distributor · 22 January 2017Runner Automobiles started exporting motorcycles to Nepal through Matrix MotoCorp, the first such export by any Bangladeshi company. 200 motorcycles were shipped initially to the Himalayan country.
• Eicher Motors Ltd. (India)coreChannel Partner/ Reseller/ Distributor · 1 January 2004Runner Motors Limited (RML) signed an agreement with Eicher Motors Ltd. of India in 2004 to serve as the Exclusive Distributor of Eicher brand trucks and pickups in Bangladesh. RML has held approximately 20% market share in the commercial vehicle industry and 35% in the LMD segment, and has received the No. 1 Overseas Distributor award from VECV for 11 consecutive years.
• Zhongtong BusminorChannel Partner/ Reseller/ DistributorRunner Trading Limited distributes Zhongtong electric buses and intercity buses in Bangladesh through its electric vehicles product line.
• JBM GroupminorChannel Partner/ Reseller/ DistributorRunner Trading Limited distributes JBM Group electric buses in Bangladesh as part of its electric vehicles portfolio.
• DynapacminorChannel Partner/ Reseller/ DistributorRunner Trading Limited distributes Dynapac light construction equipment including tandem rollers, soil compactors, steel drum rollers, combi rollers, compact pavers, and city/large pavers.
• ShantuiminorChannel Partner/ Reseller/ DistributorRunner Trading Limited distributes Shantui heavy equipment including the L68K wheel loader in Bangladesh.
• SinowayminorChannel Partner/ Reseller/ DistributorRunner Trading Limited distributes Sinoway equipment including the SWL50E wheel loader.
• LiebherrminorChannel Partner/ Reseller/ DistributorRunner Trading Limited distributes Liebherr mobile and crawler cranes in Bangladesh, including models LTM 1110-5.1 and LTM 1650-8.
• SoimaminorChannel Partner/ Reseller/ DistributorRunner Trading Limited distributes Soima tower cranes and self-erecting cranes for construction projects in Bangladesh.
• IVECO Defence VehiclesminorChannel Partner/ Reseller/ DistributorRunner Trading Limited is an authorized distributor for IVECO Defence Vehicles, including tactical vehicles, logistic vehicles, LMV, MPV, and SuperAV armoured vehicles.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Bajaj Auto: Bajaj Auto is India's largest motorcycle exporter and a major two-wheeler manufacturer with global presence. Runner distributes Bajaj genuine parts in Bangladesh, indicating deep familiarity, and Bajaj competes head-to-head in commuter motorcycle segments across South Asia.
• Hero MotoCorp: Hero MotoCorp is the world's largest two-wheeler manufacturer by volume and has distribution in Bangladesh. Competes with Runner in commuter motorcycles and represents a global benchmark for scale manufacturing and dealer network efficiency.
• TVS Motor Company: TVS Motor is a major Indian two-wheeler and three-wheeler manufacturer with growing South Asian distribution. TVS competes with Runner in Bangladesh's motorcycle market and represents another reference point for export-led growth.
• Honda Motorcycle and Scooter India: Honda is a dominant global two-wheeler manufacturer with strong South Asian presence. Competes with Runner in Bangladesh via CBU imports and represents the premium commuter benchmark that Runner's products are positioned against.

Direct peers

• Walton Hi-Tech Industries: Walton is a leading Bangladeshi conglomerate with motorcycle and electronics manufacturing. Walton and Runner are direct domestic competitors in Bangladesh's two-wheeler market, both vying for share against imported Indian and Chinese brands.
• Runner Group competitor - Jamuna Motors: Jamuna is a domestic Bangladeshi motorcycle assembler/manufacturer competing directly with Runner in the commuter segment. Comparable in scale and product positioning, both target mass-market Bangladeshi consumers.
• IFAD Autos: IFAD Autos is a Bangladeshi motorcycle manufacturer/assembler and direct domestic competitor. Closely comparable in business model, product range (commuter motorcycles), and Bangladesh market focus.
• VE Commercial Vehicles (VECV): VECV is the Eicher-Volvo joint venture and has been Runner's exclusive distribution partner since 2004. While VECV is also a supplier, the deep operational integration via CKD assembly in Bhaluka makes them a strategically intertwined peer/commercial partner.
• Regal Automobiles (H Power): Regal Automobiles manufactures H Power brand motorcycles in Bangladesh as a domestic competitor. Comparable scale, local manufacturing model, and mass-market commuter positioning make them a relevant domestic peer.

Emerging players

• BYD Auto: BYD is Runner's joint venture partner for EV manufacturing in Bangladesh. As a leading global EV manufacturer, BYD represents both an enabling partner and a strategic benchmark for the EV transition Runner is pursuing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Runner Automobiles