Tag Archives: automobiles

GM Uzbekistan sales fall

DEC. 9 2015 (The Conway Bulletin) — GM Uzbekistan posted a 47% fall in sales of cars to Russia in the first eleven months of the year. Only 18,753 cars manufactured by the General Motors-led joint venture with the Uzbek government were sold in the Russian market. In January-November last year, GM Uzbekistan sold over 35,000 cars to Russia. Russia is its most important market.

ENDS

(News report from Issue No. 260, published on Dec. 11 2015)

Tire to build plant in Kazakhstan

NOV. 25 2015 (The Conway Bulletin) — Chinese Doublestar Tire will build a $110m tyre plant in the city of Oksemen (Ust-Kamenogorsk) in north-east Kazakhstan. Local company Kazindustriservis will be Doublestar’s partner and will own 72.5% of the joint venture. The plant will become Doublestar’s manufacturing hub for exports to other former Soviet Union countries.

ENDS

(News report from Issue No. 258, published on Nov. 27 2015)

Kazakh car sales fall

NOV. 16 2015 (The Conway Bulletin) — New car sales in Kazakhstan have fallen by 37.7% since the start of the year, media reported quoting the Kazakh Association of Autobusin- esses. Overall, retailers sold 84,560 cars in Kazakhstan up to the end of October. Renault is one of the few car brands that has increased sales this year. The data showed that its sales had risen by 12.5% in Kazakhstan. A fall in the value of oil and a drop in the value of the tenge currency have hit the economy and dented consumer confidence.

ENDS

(News report from Issue No. 257, published on Nov. 20 2015)

GM Uzbekistan sales fall

NOV. 11 2015 (The Conway Bulletin) — Sales of cars by US-Uzbek joint venture GM Uzbekistan to Russia fell by almost 50% in the first 10 months of 2015, to just over 17,000, local media reported. GM Uzbekistan’s share in the Russian market, its most important market, has also fallen to 1.3% from 1.7% in 2014.

ENDS

(News report from Issue No. 256, published on Nov. 13 2015)

Kazakh car imports halve

OCT. 29 2015 (The Conway Bulletin) – In Jan.-Aug. 2015, Kazakhstan imported 54,000 cars, roughly half the amount of cars imported during the same period last year. Russia accounted for 85% of the car import market. Between January and August, the Kazakh tenge was overvalued against the rouble, making imports from Russia cheap. The Kazakh Central Bank effectively devalued the tenge in August.

ENDS

(News report from Issue No. 254, published on Oct. 30 2015)

Lada builds new model in Kazakhstan

OCT. 7 2015 (The Conway Bulletin) — Russian carmaker AvtoVAZ will build two new models of its Lada brand in Kazakhstan starting in 2017. AvtoVAZ said its plant in Ust-Kamenogorsk, east Kazakhstan, will receive investments for around $840m.

ENDS

(News report from Issue No. 251, published on Oct. 9 2015)

Aerbaijan car imports drop

OCT. 6 2015 (The Conway Bulletin) – Car imports to Azerbaijan halved in the first eight months of the year, the Azerbaijani statistics committee said. It said in Jan-Aug, Azerbaijan imported 21,147 cars, down from 39,198 in the same period in 2014. Azerbaijan’s currency has devalued this year and new regulations mean imported cars have to take a higher grade of petrol than previously, making it harder to import older cars.

ENDS

(News report from Issue No. 251, published on Oct. 9 2015)

Iran carmaker fancies Tajikistan

SEPT. 28 2015 (The Conway Bulletin) — Iran Khodro Industrial Group (IKCO) will export 500 cars to Tajikistan later this year as a test run ahead of potentially investing in a production site, Iranian media reported. The private company based in Tehran manufactures the Samand brand of family cars. Saeed Tafazzoli, the company’s deputy CEO, said he wants to take the brand into Central Asia.

ENDS

(News report from Issue No. 250, published on Oct. 2 2015)

GM Uzbekistan car sales fall by 53%

SEPT. 9 2015 (The Conway Bulletin) — Car-maker GM Uzbekistan’s sales to Russia in Jan.-Aug. fell by 53% compared to the same period last year, it said. GM Uzbekistan is a joint venture between General Motors and the Uzbek government. It sold 13,752 cars to Russia in Jan.-Aug.

ENDS

(News report from Issue No. 247, published on Sept. 11 2015)

Honda says it is pulling out of Kazakhstan

ALMATY, SEPT. 4 2015 (The Conway Bulletin) — Japanese car-maker Honda has decided to quit the Kazakh and the Russian markets until economic conditions improve, media reported.

Honda’s final shipment of cars to Kazakhstan was at the start of 2015 and to Russia in Dec. 2014.

The fall in value of currencies and the collapse in the car market had forced Honda to leave.

Weak local currencies have pushed up prices of imported cars.

A Honda spokesperson denied that the company was quitting the former Soviet Union altogether.

“We think the market has potential in the future so we’re not pulling out,” she told the FT. “We can respond flexibly since we don’t have a plant in Russia.”

Honda car sales in Kazakhstan fell by around 50% in 2015. In Russia, they shrank by 78%.

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(News report from Issue No. 247, published on Sept. 11 2015)