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Kazakhstan’s car production increases approximately 80 percent - eurasiatxeurasiatx

Kazakhstan’s car production increases approximately 80 percent

Feb 25, 2019 11:49 am

+30,000 cars in 2018 compared to the previous year

The Kazakh auto industry has seen two years of steady growth, said Oleg Alferov, chair of KazAvtoProm union of automotive enterprises. KazAvtoProm plans to continue that increase by manufacturing 40,000 cars by the end of 2019. The goal should be attainable based on growing market demand and Kazakhstan’s auto loan programme.

The East Kazakhstan region manufactured 18,300 cars, or 60.8 percent of the 2018 total.  One of the nation’s two largest auto plants is in Ust-Kamenogorsk, which works in partnership with General Motors, KIA Motors, Renault-Nissan-AvtoVAZ and Volkswagen Group, and the facility added and updated 14 models last year.

The second leading plant, in the Kostanai region, produced 11,800 cars (39.2 percent) in 2018. The product line includes brands such as Chevrolet, Hyundai, IVECO, JAC, Niva, Peugeot and Ravon.

The Kazakh auto industry has seen two years of steady growth,  plans to continue that increase by manufacturing 40,000 cars by the end of 2019. The goal should be attainable based on growing market demand and Kazakhstan’s auto loan programme.

Official dealers sold 57,900 vehicles last year, a 24.9-percent hike compared to 2017. Nearly half of local buyers (28,300 or 48.9 percent) opted for Kazakh products.

Lada is the most popular brand popular in the country, accounting for 13,413 units sold last year. The Russian brand was followed by Toyota (12,278) and Hyundai (8,721).

As a part of the recycling programme for outdated vehicles, Kazakhs acquired approximately 7,900 domestically-produced cars using discount certificates.

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