Car production up in Uzbekistan
By Kamila Aliyeva
The passenger car production in Uzbekistan amounted to 64,190 units in January-May 2018, thus showing an increase of 22.4 percent compared to the same period in 2017, according to the Uzbek State Statistics Committee.
In January-May 2018, the output of trucks was 1,079 units, which is 31.9 percent less compared to the same period in 2017.
Production of buses in Uzbekistan in January-May 2018 amounted to 219 and registered a decrease of 41.1 percent compared to January-May 2017.
Meanwhile, Uzbekistan increased the output of tractors by 5.3 times to 1,142 units.
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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