Dünya – A regional manufacturing hub for global car makers, Turkey’s automotive exports will hit 900,000 vehicles by the end of this year, said the head of a leading industrial organization.
Speaking at the World Automotive Conference in held in Istanbul, Turkey the Secretary General of Automotive Manufacturers Association (OSD), Ercan Tezer said that an increase of 10-11 percent was expected in automotive exports. The country exported more than 828,000 motor vehicles in 2013.
Noting that 75 percent of Turkey’s automotive output was export-oriented, Tezer stated that the total production figures by the year end would be around 1.1 million.
Also speaking at the event, Vice President of the Investment Support and Promotion Agency of Turkey (ISPAT), Arda Ermut informed the attendees about investment environment and incentives in Turkey.
“Turkey accounts for one fourth of the automotive manufacturing operations taking place in Central and Eastern Europe”, ISPAT President said, adding that the number of foreign companies operating in Turkey exceeded 40,000 while the total amount of foreign direct investments attracted during the last 12 years reached USD 146 billion.
As a home for global automakers including Ford, Fiat, Toyota, Honda, Renault and Hyundai, the Turkish automotive industry manufactured a total of 1.13 million vehicles in 2013.