Azernews.Az

By Sara Israfilbayova

Car prices in Azerbaijan remained unchanged, spare parts and equipment went up by 0.2 percent in November 2017.

The State Statistics Committee reported that the prices on accumulators, shock absorbers, security equipment also remained stable.

In November of this year, prices for consumer goods and tariffs for services increased by 0.2 percent, as compared to October, including food and non-food products-0.3 percent, tariffs for paid services rendered to the population remained unchanged.

Azerbaijan imported 9,828 motor vehicles in January-November 2017, which is 2.04 times more than the indicator of the same period of last year, according to State Customs Committee.

The Committee reported that the largest number of vehicles imported to the country during the period accounted for motorcars and other motor vehicles for passenger transportation – 8,577.

Moreover, Azerbaijan plans to produce cars jointly with Iran and will soon launch manufacture of cars in the Neftchala Industrial District.

The plant will operate on the basis of joint project of AzEuroCar LLC and Iran’s largest car manufacturer Iran Khodro. The plant was due to open in June, but because of the cold winter there were delays in the plant's construction. The opening is rescheduled for August.

The plant with a capacity of about 10,000 cars per year initially will produce four Iranian car brands – Dena, Runna, Soren and Samand. The cost of the project is estimated at $15 million.

The plant intends to cooperate with the Sumgayit Industrial Park and SOCAR’s new plant.

Some 20 percent of the vehicles will be exported to CIS and Central Asian countries.

The price of new cars will be 10,000-12,000 manats ($5,800-7,000). The cars produced at the plant will meet Euro 5 standard.

First cars of Azerbaijan-Iran joint car plant are planned to be manufactured beginning from 2018.

While visiting the Neftchala Industrial District in September, President Ilham Aliyev noted that the plant will help to a certain extent to eliminate dependence on imported cars and at the same time, there will be opportunities for exports.

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