Atlas BD signs business deal with TVSAB

Atlas Bangladesh, a state-run company affiliated with Bangladesh Steel and Engineering Corporation has signed a five year business agreement with TVS Auto Bangladesh (TVS) on Monday, according to a company disclosure.
Earlier, Atlas BD signed a memorandum of understanding (MOU) with TVS Auto on May 24  last year for assembling and selling motorcycles of TVS brand to the government, semi-government and government funded project, autonomous bodies and other government/non-government organizations (NGO).
Atlas can sell the motorcycles to any individual or make retail sales with the prior approval/permission from the TVS Auto, said the company disclosure.
"As per the MoU, Atlas Bangladesh has further said a permanent business and technical assistance agreement for five years has been signed between Atlas Bangladesh and TVS Auto Bangladesh on Monday.
Under it TVSAB may supply the capital machineries and others as required to the company subject to improve the infrastructure, quality, assembly line for efficiency of CKD (completely knocked-down) assembly or adapt new technology.