Turkey announces volume of investments to be put in domestic car production
Baku, Azerbaijan, March 27
By Rufiz Hafizoglu – Trend:
Turkey’s Minister of Science, Industry and Technology, Faruk Ozlu, has said that $3 billion will be invested in the domestic car production, the Turkish media reported.
Ozlu noted that currently, work is underway on to develop prototypes of five different models of the domestic car. The minister also said that one of the cars will be equipped with an electric motor.
The first prototypes of domestic Turkish cars will be presented at the Geneva International Motor Show, which will be held in 2019.
On Nov. 2, 2017, Turkish President Recep Tayyip Erdogan announced the names of companies that will take part in manufacturing of domestic cars.
He said the companies are Anadolu Grubu, BMC, Kiraca Holding, Turkcell and Zorlu Holding.
Erdogan said that starting from 2021, Turkey will start exporting domestically-made cars to neighboring countries.
The purchase of a domestic car in Turkey will be exempt from paying a special consumer tax.
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