Azerbaijan has resumed passenger car production after suspension of production line in April-May due to COVID-19, local media reported with reference to State Statistics Committee on July 20.
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Azerbaijan produced engineering goods and machinery worth 112 million manat ($65.9 million) from January through March 2020, which is 16 percent less than in the same period of 2019, Trend reports referring to the data from the Azerbaijani State Statistics Committee.
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Azerbaijan increased the volume of its car production by 2.4 time year-on-year in the period of January-March, local media reported citing Azerbaijani State Statistics Committee on April 20.
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Azerbaijan increased its domestic car production in 2019, decreasing its import dependence.
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Iran Khodro carmaker has produced 260,634 cars in nine months (March 21-Dec. 21) of this Iranian year (began March 21, 2019), Trend reports referring to the Iranian Securities and Exchange Organization (SEO).
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Some 1,880 passenger cars were produced in Azerbaijan from January through October 2019, which is three times more than in the same period of last year, Trend reports referring to the Azerbaijani State Statistics Committee.
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Automobile industry has been playing an active role in Azerbaijan’s non-oil industry in recent years.
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Azerbaijan will deliver to Russia ten Khazar SD cars produced by the joint Azerbaijani-Iranian car production plant in Neftchala Industrial Zone, Trend reported, citing Azerbaijani Ambassador to Iran.
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Azerbaijan is taking major steps to develop its automobile manufacturing market to increase local production and decrease import dependence.
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Automotive industry is where Azerbaijan invest in, and rising volumes of production and sales justify themselves as a promising investments.
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