GM Uzbekistan's car production up by over 50%

Business Materials 16 April 2019 11:51 (UTC +04:00)

Baku, Azerbaijan, April 16


GM Uzbekistan produced 59,500 cars in the first quarter of 2019, which is 51.4 percent higher compared to the same period of 2018, Trend reports via Uzbek media.

In January-March 2019, 990 ISUZU buses and trucks (+2.7 times) and 317 MAN buses and trucks (+ 40.3 percent) were produced in Uzbekistan.

Moreover in the reporting period, 414 units of KamAZ trucks were produced. The increase was 11.2 times.

In the first quarter of 2019, enterprises in the industry produced marketable products for more than 7,588.3 billion soums, which is 70.9 percent higher compared to the same period in 2018.

Industry enterprises also produced consumer goods in the amount of 5,175.3 billion soums, with the growth rate in 66.6 percent by the first quarter of 2018.

Recently Trend reported that GM Uzbekistan plans to start assembling cars in Russia. By the end of the year, large-scale production will be launched.

GM Uzbekistan had suspended the export of cars to the Russia in 2018.

Moreover, GM Uzbekistan has already exported Nexia R3 cars for a large-unit assembly to the SararkaAvtoProm plant in Kostanay (Kazakhstan), as well as the finished R4 model to Ravon Motors Kazakhstan. Belarus gets fully finished cars.

Since the beginning of this year, Uzbek cars have also been exported to Afghanistan and Tajikistan.

GM Uzbekistan and SaryarkaAvtoProm LLP (Kazakhstan) signed a production development contract. The parties have agreed to release 16,000 vehicles intended for sale up to the end of 2019, both in the market of Kazakhstan and export markets, including Russia.

The SKD assembly of the Ravon Nexia R3 sedan was launched at the Kazakh enterprise "SariarkaAvtoProm" in 2017. Capacity of assembly is about 3,000 cars a year, with the possible increase in production of up to 7,000 cars.

($1- 8454.87soums on April 16)