Aftab Automobiles Stock

Aftab Automobiles Limited engages in automobile assembling business in Bangladesh.

The principal activities of the company are assembling of Toyota Land Cruiser soft top/Pick-up, Land Cruiser Prado, Hino Bus, Hino Mini Bus/Truck Chassis with a production capacity of 2400 units of vehicles in 3 shifts in assembling unit. The plant is running single shift. The company has recently setup a motor cycle unit with a capacity of 10,000 units of motor cycle per year.

The company engages in providing an individual product or service or group of related products or services. The company has three distinguishable operating segments like assembling unit, motor cycle unit, and body unit.

Subsidiary

Navana Batteries Limited

Navana Batteries Limited engages in manufacturing automotive, industrial and solar batteries in the plant located at Fouzdarhat Industrial Area, Chattagram, Bangladesh.

Associate Company

Navana Real Estate Limited

Navana Real Estate Limited engages in the real estate development business of building development projects both commercial and residential and sale of lands.

History

The company was incorporated in erstwhile East Pakistan in 1967 under the Companies Act, 1913. It was formerly known as East Pakistan Automobiles Limited and changed its name to Aftab Automobiles Limited in 1972.