Baku, Azerbaijan, July 27
By Fakhri Vakilov –Trend:
Uzbekistan plans to return to the development plan of the national auto industry, directing its attention to the state holding Uzavtosanoat, Trend reports with reference to the naavtotrasse.ru autonews website.
The main enterprise is considered to be UzAuto Motors (formerly GM Uzbekistan), which in the past has already supplied Ravon cars for the foreign market. President of Uzbekistan Shavkat Mirziyoyev has already signed a decree on strengthening measures to develop this project.
The plans until 2023 are:
-the release of at least 350,000 cars per year;
-an increase of the number of buses and trucks to 10,000 units per year;
- an increase of the number of exported cars to 100,000 units over the same period;
- an increase of the number of parts produced in Uzbekistan to 60 percent, etc.
In addition, the document contains information on the release of a new “domestic car”, which, based on the original text, is a passenger model that is available “for the general population”.
The government does not hide the lack of funding for the project, and therefore attracts new investors through the public offering of shares of several local companies.
It should be noted that this document will be one of the first independently developed strategies for Uzbekistan. Within a month, amendments will be done there, after which it will be transferred to foreign consultants for adjustment.
In order to reduce the final cost for cars, it is planned to reduce the excise tax from October this year. UzAuto Motors extended the license agreement until 2022, and management is ready to provide a soft loan for development.
The official statistics for 2018 show that the company managed to sell more than 220,000 cars. By 2023, it is planned to increase this figure by 1.5 times. At the same time, localization of production was only 22 percent.
Last year the company had serious problems in the global market due to internal turmoil. Thus, the export network suffered losses of $ 25.5 million.
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