Turkish automotive production up 20% in H1


(MENAFN- Gulf Times) Workers pass Ford trucks at the end of the production line after assembly at the Ford Otosan production plant, the joint venture between Ford Motor Co's Ford Otomotiv Sanayi and Koc Holding, in Eskisehir, Turkey (file). Turkish automotive production rose 20% year on year to 869,158 vehicles in the first half, with output up 8% to 141,161 vehicles in June, Turkey's automotive producers body said. Domestic automotive sales, including both cars, light and heavy commercial vehicles fell 9% to 410,609 units in the first half as last year's tax increases and forex induced price increases continued to put pressure on markets. Turkey's automotive exports climbed 29% to 714,284 units, led by a 48% rise in car exports as manufacturers continued to ramp up the output of export oriented models. Turkey's Automotive Industry Association also upped its year-end production forecast to 1.7mn vehicles from 1.65mn. Year-end automotive exports, the biggest contributor to national exports, were seen at 1.4mn units, with an approximate value of $28bn, the industry association said.

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Gulf Times

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