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Turkey’s automotive production rises 31%

Turkey’s automotive production rises 31%

ANKARA: Automotive production in Turkey surged 31 percent year-on-year in the first month of 2017, an Automotive Manufacturers’ Association (OSD) report showed on Feb. 10. The OSD said automakers manufactured 128,000 vehicles, including automobiles, light commercial vehicles and tractors in January, while automobile production advanced 61 percent, standing at 94,000 in the same period. The overall auto sales market, including light trucks and other vehicles, increased seven percent to 36,000 compared to the same month of last year.

The report also revealed the automotive industry exports rose 35 percent on a dollar basis to $2.08 billion in January compared to the same period in 2016. The export value of the automobile sector increased excessively by 143 percent year-on-year to $913 million, the report added.