Khazar car sales in Azerbaijan revealed

Business Materials 3 October 2018 18:20 (UTC +04:00)

Baku, Azerbaijan, Oct. 3

By Taleh Mursagulov - Trend:

Since June 2018, AzerMash has sold about 350 Khazar cars in Azerbaijan, Chairman of the Board of AzerMash OJSC Emin Akhundov told Trend Oct. 3.

Despite that the Khazar trademark is relatively new in the Azerbaijani market, it is in rather high demand, he said.

In addition, work is underway to establish the export of Khazar cars to foreign markets, he noted.

In particular, he said, Azerbaijan’s Khazar cars will be soon delivered to Russia.

Speaking about the modifications awaiting Khazar cars, he noted that next year it is planned to establish production of cars with an automatic transmission.

The Khazar car plant is located in southeast Azerbaijan in the Neftchala Industrial District. All cars produced there comply with Euro 5 standards.

On Aug. 6, 2016, a major Iranian automaker Iran Khodro and Azerbaijani company Azeurocar, a subsidiary of AzerMash, signed an agreement to establish a joint automobile factory in Neftchala. The total cost of the project is estimated at 24 million manats. The Azerbaijani side invested 75 percent in the factory, and the Iranian side invested 25 percent.

(1.7 AZN = 1 USD on Oct. 3)