GM Uzbekistan car sales to Russia decreased in 2013
Tashkent, Uzbekistan, Jan.23
By Demir Azizov - Trend:
Car sales from GM Uzbekistan JV (formerly UzDaewooAuto in Asaka, Andijan region) to Russia which is the main export market of the car plant dropped by 31.1 percent to 60,829 cars in 2013 compared to 2012, the Automobile Manufacturers Committee of the Association of European Business data said.
Some 28,898 Nexia cars, a 47.5 percent decrease and 31,931 Matiz cars, a 3.8 percent decrease, were sold to the Russian market in 2013.
According to the committee, car sales by GM Uzbekistan to Russia decreased by 23.2 percent to 6196 units in December 2013 compared to December 2012. Nexia car sales dropped 63.3 percent to 1920 units, while Matiz sales increased by 1.5 times to 4,276 units.
As of 2013, GM Uzbekistan ranked 14th in terms of car sales to Russia. It was reported that the plant reduced its sales to Russia by five percent up to 88,232 units in 2012 compared to 2011.
UzDaewooAuto JSC was created in 1996 on a parity basis by the Uzbek government and South Korea's Daewoo Motor Company.
In 2005 Uzbekistan bought Daewoo shares in a joint venture. In 2007 Uzavtoprom and General Motors signed an agreement to establish a base for the GM Uzbekistan plant with an authorised capital of $266.7 million. The American side owns 25 percent of the shares plus one share in the enterprise with the possibility of increasing it to 40 percent.
Currently, GM Uzbekistan JV produces nine models and out of them, two, the Chevrolet- Captiva and Malibu have SKD technology with the remainder on full-scale production.
In 2013, GM Uzbekistan JV increased its car production by 4.5 percent compared to 2012 to 246,031 units.
Translated by M.L.
Edited by S.M.