...

Car production in Turkey reaches record level

Business Materials 5 February 2018 12:04 (UTC +04:00)

Baku, Azerbaijan, Feb. 5

By Rufiz Hafizoglu – Trend:

In 2017, 1.6 million cars were produced in Turkey, which is 13 percent more than in 2016, according to the report of the Turkish Statistical Institute.

Thus, the production of cars in Turkey has reached record levels over the past 50 years.

In 2017, car exports in Turkey also grew 17 percent and reached 1 million.

Revenues from car exports in Turkey in 2017 amounted to $29 billion, which is 20 percent more than in 2016.

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.

On Nov. 2 last year, Turkish President Recep Tayyip Erdogan announced 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 begin exporting domestically made cars to neighboring countries.

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

---

Follow the author on Twitter: @rhafizoglu

Tags:
Latest

Latest