Azerbaijan displays record growth rates in automotive industry
Baku, Azerbaijan, Jan. 22
By Azad Hasanli – Trend:
Around 969 cars were manufactured in Azerbaijan in 2018, which is 32.4 times more than the figures for 2017, Trend reports referring to the report of the State Statistics Committee.
According to the report, the total volume of car, trailer and semi-trailer production in the country amounted to 106.6 million manats (an increase of 31 times over the year).
The volume of production for other types of transport last year fell to 67.3 percent, or 7.1 million manats.
Around 20,429 passenger cars worth a total of 329.14 million manats were imported into the country during 2018. Compared to 2017, the growth was 2.4 times in cumulative terms, and twice in quantitative terms.
Azerbaijan also imported 1,938 trucks worth 28.7 million manats (an increase of 1.9 and 2 times, respectively) and 235 buses worth 12.38 million manats (an increase in 39.1 and 20 percent, respectively).
A new automobile plant began operating in Azerbaijan since last year, producing cars under the “Khazar” brand. This contributed to a significant increase in the production of passenger cars in the country. Previously, only the Nakhchivan Automobile Plant operated in Azerbaijan, where “Lifan” cars were assembled. There is also the Ganja Automobile Plant, where a number of trucks of Belarusian and Russian companies are manufactured.
In quantitative terms, it is planned to gradually increase the volume of production of passenger cars to 7,000 units per year. For now, their number is projected at 600 units in 2019. But their volumes will significantly increase to 2,000 units starting from 2020, to 3,500 units in 2021, 5,300 in 2022, and finally reach 7,000 units in 2023.
The production of trucks is also set to expand - 55 vehicles in 2019, 843 in 2020, 752 in 2020, 721 in 2021 and 782 in 2022.
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