Uzbekistan to boost car production, export

uzbekistan-meeting

Uzbekistan is to increase the production of cars from the current 250,000 to 350,000 units by 2023 and to boost export to at least 100,000 cars. Joint Stock Company “Uzavtosanoat” was given the task during a meeting chaired by Uzbekistan President Shavkat Mirziyoyev to discuss the development of the automobile industry.

Uzbekistan’s automobile industry has been steadily developing over the past three decades and has built domestic and foreign markets, the meeting was told, Jahon Information Agency, the local agency, said. With plans to cancel on October 1 an array of benefits, the industry will have to become more competitive as it targets new foreign markets. It will have to fulfill new requirements such as introducing modern management measures in the enterprises and boosting the cost-effectiveness and competitiveness of its products. “It is necessary to introduce an advanced management system in the industry, attract specialists from foreign consulting firms, and optimize production,” the meeting said.

The meeting highlighted the implementation of joint ventures with foreign companies and attracting foreign direct investment from Chinese and Japanese partners to MAN Auto and SamAuto enterprises. President Mirziyoyev stressed the importance of strengthening the market position by improving the quality of cars, expanding production and localizing new models. According to the statement, Uzbekistan’s automobile production, in the first six months of 2019, increased by 154% year-on-year with the share of local cars in the domestic market reaching 97%.

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