Azernews.Az

By Abdul Kerimkhanov

Tax revenues from Kazakh automakers in 2018 exceeded 7.5 billion tenge, Trend reports referring to the Kazakh media.

Kazavtoprom (Kazakhstan Automobile Industry Enterprises' Union) informed that this is an increase of 2.7 percent compared to 2017 (7.3 billion tenge).

The largest taxpayer in the industry is the Ust-Kamenogorsk plant ASIA AUTO. It accounts for more than half (54.7 percent) of the tax revenues of the automotive industry. At the end of 2018, the enterprise sent 4.1 billion tenge ($10.8 million) to the state treasury, which exceeds last year’s figures by 34.3 percent.

Tax payments of Kamaz-Engineering plant increased by 35.7 percent to 1.3 billion tenge (17.9 percent of total tax payments in the industry). The Saryarka AvtoProm plant reduced tax payments by 58.4 percent to 945.5 million tenge (12.6 percent of total tax payments).

Next in the list of taxpayers of the automotive industry are SemAZ (5.3 percent; 397.5 million tenge ($1.05 million)), Daewoo Bus Kazakhstan (4.3 percent; 320.5 million tenge ($840,000)) and Uralskagremremmash (3.6 percent; 272.3 million tenge ($720,000)).

The last place in the list of taxpayers in the industry is occupied by Hyundai Trans Auto (share - 1.8 percent). Tax payments of the company in 2018 decreased by 24 percent and totaled to 133 million tenge ($350,000).

Last year, cumulative sales of the Kazakh automakers grew by 57.5 percent to 29,931 vehicles. Sales of the Asia Auto plant exceeded the figure of 2017 by 34.6 percent (17,100 vehicles sold). Sales of Saryarka AvtoProm showed an increase of 2.5 times (11,200 vehicles), while the sales of Kamaz-Engineering decreased by 12 percent (587 vehicles).

SemAZ and Daewoo Bus Kazakhstan completed the year 2018 with an increase in sales of 6.6 percent and 76.1 percent, respectively (584 and 155 units of products). The demand for the Hyundai Trans Auto lineup was reduced by 40.6 percent (to the level of 252 cars sold).

The first Kazakh car was released in 2002. It was a VAZ-2121 "Niva". With this car, the era of the automotive industry in Kazakhstan began.

Joint-stock company "ASIA AVTO" was founded on December 20, 2002. The goal of ASIA AVTO is the creation in Kazakhstan of the automotive industry, which allows the production of competitive cars, and meeting the needs of the Kazakh population and some of the nearby countries.

Cars of the following brands are manufactured at the facilities of ASIA AVTO in Ust-Kamenogorsk: LADA (Granta, Vesta, Xray, Largus, Kalina, 4 × 4), ŠKODA (Octavia, Rapid, Superb, Yeti, Kodiaq), Chevrolet (Aveo , Captiva, Cruze, Tracker), KIA (Rio, Cerato, Optima, Cadenza, Quoris, Picanto, Soul, Sportage, Sorento, Mohave).

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Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94

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