In Azerbaijan, the production of machinery and equipment, cars, trailers and semi-trailers reached 241.1 million manat ($141.86 million), the State Statistics Committee said.
Compared to the same period of the previous year, the production of cars increased 26.5-fold, machinery and equipment – by 17.7% and other vehicles – by 65.6%. As many as 1,220 tractors and 610 cars were produced.
Azerbaijan is eager to eliminate dependence on imported cars and at the same time to create opportunities for exports. The country imported 16,382 vehicles in January-September, up by 9,739 units or 2.5-fold YoY.
Azerbaijan, which is currently working to develop its car industry and encouraging interior purchases, is developing its own automobile manufacturing market.
As of March AzerMash OJSC – Iran Khodro Joint Venture “Khazar” car plant, one of the largest enterprises in the Neftchala Industrial District, has launched production of locally manufactured cars.
The enterprise planned for 10,000 cars annually. In the first stage it will produce 6,000 cars, such as Runna, Samand, Soren, Dena, Pejo, Reno, by the end of 2019. These cars will be sold mainly on the local market.
The Azerbaijan-Iran joint car plant Khazar plans to start exporting cars to Russia and other CIS countries next year. (AzerNews/Business World Magazine)