Car production up in Uzbekistan
By Kamila Aliyeva
The passenger car production in Uzbekistan amounted to 12,170 units in January 2018 thus showing an increase of 60.6 percent compared to the same period in 2017, according to the Uzbek State Statistics Committee.
In January, the output of trucks was 177 units, which is 36.1 percent lower compared to January 2017.
Production of buses in Uzbekistan in January 2018 amounted to 40 units and registered a decrease of 2.5 percent compared to January 2017.
Meanwhile, Uzbek enterprises increased the output of automobile engines up to 9,220 (by 58.2 percent) in the reporting period.
Car industry occupies one of the leading places in the economy of Uzbekistan. A significant number of the country's population is employed in this sector of industry.
The vast majority of automotive enterprises in Uzbekistan are joint ventures with foreign partners. This shows that the country is successfully working to create a favorable investment climate.
The main production companies are GM Uzbekistan, SamAvto, JV MAN Auto-Uzbekistan and GM Powertrain Uzbekistan.
The automotive industry has undergone significant reform last year. Simplification of the procedure for buying cars is intended to increase the demand for them, and the expansion of export opportunities will make this Uzbek brand even more popular abroad.
Since 1998 Uzbekistan has been a member of the International Organization of Motor Vehicle Manufacturers (OICA).
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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva
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