Baku, Azerbaijan, April 2
By Kheyraddin Nasirzade - Trend:
There are plans to increase production to 3,000 cars of Khazar brand in Azerbaijan in 2019, a source in AzerMash OJSC, Azerbaijani car manufacturer, told Trend.
The plant plans to establish production of Peugeot 206 and Peugeot 207 cars as well.
Regarding exports, it was noted that negotiations are underway with Ukraine and Russia, the process of obtaining a number of documents, as well as a certificate of origin, which allows reducing or canceling customs duties on the imports of goods, has started. It is expected that exports will start in the coming months.
Also, the source said that 300 cars have been sold since the beginning of 2019. Last year, the plant produced over 1,000 cars, 95 percent of which have already been sold.
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.