...

Turkey to start production of four domestic car models

Business Materials 19 December 2017 13:06 (UTC +04:00)

Baku, Azerbaijan, Dec. 19

By Rufiz Hafizoglu – Trend:

As part of the program of domestic car production in Turkey, it is planned to launch the production of four car models, the country’s Ministry of Science, Industry and Technology told Trend Dec. 19.

Previously, it was planned to organize the production of two domestic car models, but the market needs and industrial potential of Turkey allow to increase the number of models to four, said the ministry.

Prices for new domestic cars will correspond to the purchasing power of the Turkish population.

Turkish President Recep Tayyip Erdogan has announced on Nov. 2 the names of companies that will take part in manufacturing of domestic cars.

He noted that those companies are Anadolu Grubu, BMC, Kiraca Holding, Turkcell and Zorlu Holding.

Erdogan said that starting from 2021, Turkey will start exporting domestic cars to the neighboring countries.

The Turkish president added that it is also planned to create a special commission, which will supervise the production of domestic cars.

“I will be the first buyer of a domestically made car,” said Erdogan.

Turkey ranks sixth in Europe in car production. Models of Ford, FIAT, Renault, Toyota, Honda, Opel, Hyundai, Mercedes-Benz and MAN are currently assembled in Turkey.

Moreover, Turkey manufactures local brands of buses, such as BMC, Temsa and Otokar.

---

Follow the author on Twitter: @rhafizoglu

Latest

Latest