The Bangladesh Autocars Ltd. was incorporated on 01 August, 1979 in Bangladesh as a Public Limited Company under the Companies Act, 1913 (Repealed in 1994) and its shares are listed in the Dhaka Stock Exchange Ltd and Chittagong Stock Exchange Ltd. The Company produced three Wheelers Auto Tempo under technical Collaboration of Piaggio & C s.p.a (manufacturer of world famous Vespa Brand). Due to the government policy to ban two stroke three wheeled vehicles, the company had to stop production of three wheelers Auto Tempo during the year 1999. Now, the company has CNG Convert Workshop for the Vehicles and, CNG Refueling Station.