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Uzbekistan's UzAutosanoat boosts exports of passenger cars

Transport Materials 28 July 2020 15:51 (UTC +04:00)

BAKU, Azerbaijan, July 28

By Ilkin Seyfaddini – Trend:

UzAutosanoat exported has $66.1 million worth of passenger cars in the first half of 2020, Head of the Public Relations and Government Relations Service of Uzavtonsonat JSC told Trend.

The volume of Uzbekistan's passenger car exports in the first half of 2020 was 25 percent higher than in the first half of 2019.

In total, Uzbekistan produced 5,998 cars in the first half of 2020, while during the same period of 2019 some 1,930 cars were exported.

In the first half of 2019, the value of Uzbekistan's passenger cars exports was only $53 million, which is 2.3 times more than in the first half of 2018.

In total, factories of Uzbekistan produced 143,450 cars in the period from January through June 2020, which is 1.2 percent more than in the same period of 2019.

General Motors Uzbekistan JSC, with a production capacity of 250,000 cars per year, was established in 2008 on the basis of Uzbek-Korean joint venture UzDaewoAuto, which passed under control of American General Motors, after the bankruptcy of Daewoo Corporation.

In May 2019, the board of Uzavtosanoat JSC, which owns the majority of car manufacturing enterprises in Uzbekistan, renamed General Motors Uzbekistan JSC into Uzavtomotors JSC.

Initially, it was assumed that on the local market, cars will be sold under the brand name Chevrolet, and under Ravon brand abroad. Since this year, exported cars have also been sold under the brand name Chevrolet.

On April 28, 2020, UzAuto Motors jointly with its Kazakh partner SaryarkaAvtoProm LLP announced the start of Chevrolet cars sales in Kazakhstan.

In the period from January through April 2020, Uzbekistan produced 96,727 cars, which is 17,113 more than in the same period of 2019.

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