Cooperation in the automotive industry is an important component of bilateral relations
Cooperation in the automotive industry is an important
component of bilateral relations
Tashkent, July 31, 2024 - the Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the Republic of Uzbekistan B. Atamkulov held a meeting with the Chairman of the Board of Uzavtosanoat JSC U. Rozukulov.
During the meeting, the sides exchanged views on the current state and prospects for the development of bilateral cooperation in the automotive industry.
U.Rozukulov described in detail the activities of Uzavtosanoat JSC, current production processes, quality standards and development prospects. He noted that the company unites dozens of large and medium-sized enterprises, including joint productions with partners from Korea, Italy, Germany, USA, Japan and other countries.
The Ambassador highly appreciated the company's standards and achievements in the production of cars, buses, trucks and agricultural machinery. He emphasized the successful experience of cooperation with “SaryarkaAvtoProm” on production of Chevrolet cars in Kostanay region.
At the end of the meeting, the B.Atamkulov visited the Tashkent Polytechnic Museum under the auspices of Uzavtosanoat JSC, where he familiarized himself with the history of the founding and development of the automobile industry, including a collection of retro cars from around the world.
The exposition includes cars of the Uzbekistan automotive industry, detailed miniatures of enterprises, and various objects created by students of the Turin Polytechnic University in Tashkent.
At the end of the meeting the readiness for further interaction and strengthening of bilateral relations in the automotive industry was confirmed.
For reference: Uzavtosanoat JSC is a holding company established in 1994 and coordinating automobile production enterprises and auto localization and auto components enterprises.
The company has the following production and commercial capacities:
Assembly plants - 4;
Large localization enterprises - 17;
Localization enterprises - 240;
Dealer centers - 200;
Employees - 29,000;
Annual turnover: $5.6 billion ($8.5 billion by 2026);
Average profitability of businesses: 7%.
The sole shareholder of Uzavtosanoat JSC is the Ministry of Economy and Finance of the Republic of Uzbekistan.
The holding structure includes more than 85 organizations, including companies producing parts and components, all types of vehicles, tractors, combines and other machinery. It also includes the Polytechnic University in Tashkent, the Tashkent Polytechnic Museum and the Sokol recreation center.
The company provides financial services, including a stake in Asaka Bank, the largest bank in Uzbekistan, and leasing services.
Output: for 2023, the industry produced 395,000 vehicles, worth $5.6 billion.
Net profit is 346 million dollars.
The share of exports is 15% or $639 million (by 2027 EC - 27.2% or 1 billion dollars).
During the first half of 2024, more than 200,000 passenger cars, 1,200 buses and trucks, 1,300 agricultural machinery and 105,000 engines rolled off the assembly lines.
By 2030, the planned production capacity of passenger cars will reach 1 million, agricultural production to 16,000 per year.
Investments for 2023 amounted to 146 million dollars.
Taxes paid to the state budget amounted to 690 million dollars.
Partners of “Uzavtosanoat” JSC: “CHEVROLET”, “BYD” - passenger cars; “ISUZU”, “MAN”, “CNHTC” - trucks, buses; “CLASS”, “DONGFENG”, “John Deere” - agricultural machinery.
Plants for production of vehicles and components are located in Tashkent, Samarkand, Jizzak, Namangan, Fergana, Andijan, Navoi and Khorezm.