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Uzbek auto industry to increase production almost threefold

Business Materials 3 August 2018 12:18 (UTC +04:00)

Baku, Azerbaijan, Aug. 3

By Fikret Dolukhanov – Trend:

Uzbek automaker Uzavtosanoat JSC expects that by 2025 there will be 237 cars per 1,000 people in the country, Deputy Chairman of the Board Umidjan Salimov told Uzbek media.

According to him, Uzbekistan seriously lags behind other CIS countries in this regard. In 2017, there were 334 cars for 1,000 people in Russia, 250 - in Kazakhstan, 204 - in Ukraine, and only 83 - in Uzbekistan.

To achieve these figures, the domestic automotive industry intends to increase production to 390,000 cars per year by 2030. In 2017, GM Uzbekistan produced 140,247 cars, which is 59 percent more than in 2016.

Chairman of the Board of the automobile company Uzavtosanoat JSC Shavkat Umurzakov earlier announced that Uzbek automaker GM Uzbekistan will raise prices for cars from Aug. 1, 2018.

According to Umurzakov, the prices for the company's cars will grow by an average of 14 percent. The chairman of the board, however, noted that the company plans to provide discounts for consumers.

He also added that Uzavtosanoat has achieved an agreement with manufacturers of car components to reduce prices by an average of 20 percent by the end of 2018.

Umurzakov underlined that lowering the prices for components will reduce the cost of car production by 9 percent and increase production volume to 220,000 units per year.

The head of the company generally noted that Uzavtosanoat is planning to produce additional 140,000 cars by the end of 2018.

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