Business

Turkish auto industry produced over 106K vehicles in March

Production falls by 13.7% year-on-year

Automakers in Turkiye manufactured 106,575 vehicles in March, including automobiles and commercial vehicles, according to data released on Monday.

Production slipped by 13.7% on an annual basis in March, according to a report by the Automotive Manufacturers Association (OSD).

Almost 79,000, or 74%, of all vehicles manufactured were exported a 17.5% decline from March 2021.

Turkiye generated more than $2.7 billion from vehicle exports last month, down from $2.9 billion during the same month of the previous year.

The country’s overall auto sales market narrowed by 31.8% on an annual basis to 68.245 units over March 2022, the report said.

Passenger car production fell by 23.9% to 57,041 units in March.

Top international automakers including Ford, Honda, Hyundai, Mercedes, Renault and Toyota have factories in Turkiye, which is one of the world’s top auto sales markets.

Source
AA

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