Car prices in­crease

Azer News - - Business - By Narmina Mam­madova

AThe av­er­age price of cars with an en­gine with a vol­ume of up to 2 liters was 17,483 man­ats, and com­pared with the pre­vi­ous month, an in­crease of 14.25 per­cent was ob­served, he said.

Ibrahi­mov noted that the price of cars with an en­gine with a vol­ume of 2-3 liters was 33,758 man­ats. Cars in this seg­ment went up by 14.27 per­cent.

The ex­pert said that the rise in prices for cars with a small en­gine is as­so­ci­ated with high de­mand for them.

In re­cent years, Azer­bai­jan has de­vel­oped newer in­dus­tries in ad­di­tion to petroleum engi­neer­ing. The coun­try has achieved cer­tain suc­cess in the de­vel­op­ment of trans­port engi­neer­ing, namely the au­to­mo­tive sec­tor.

Au­toma­tive sec­tor is cur­rently de­vel­op­ing fast in Azer­bai­jan, as more plants en­gaged in the pro­duc­tion of cars are be­ing launched across the coun­try.

Presently, Iran Kho­dro, the largest Ira­nian car­maker, is ex­pand­ing its co­op­er­a­tion with Azer­bai­jan.

The com­pany has be­gun pro­duc­tion of its Sa­mand model in Azer­bai­jan.

Khazar Au­to­mo­bile Com­pany is al­ready pro­duc­ing a Dena sedan. Ac­cord­ing to IKCO Press, pro­duc­tion of the new Sa­mand model has started this week­end.

Ear­lier, IKCO es­tab­lished a joint ven­ture with the Azer­bai­jani au­to­mo­bile com­pany Az­erMash OJSC Khazar Au­to­mo­bile Com­pany in the Neftchala In­dus­trial Park on Au­gust 6, 2016. The to­tal cost of the project is es­ti­mated at 24 mil­lion man­ats ($14.12 mil­lion). The Azer­bai­jani side has in­vested 75 per­cent, while the Ira­nian side – only 25 per­cent.

All ve­hi­cles man­u­fac­tured at the plant com­ply with Euro-5 stan­dards. The plant plans to start ex­port­ing cars next year.

The Khazar plant was opened dur­ing a two-day visit of Ira­nian Pres­i­dent Has­san Rouhani to Azer­bai­jan. The an­nual ca­pac­ity of the plant is about 10,000 cars. These cars are ex­pected to be de­liv­ered not only to Rus­sia, but also to Ukraine and Cen­tral Asian coun­tries in the fu­ture.

The plant pro­duces Khazar LD and Khazar SD mod­els. The as­sem­blage of a num­ber of Peu­geot and Re­nault mod­els will be car­ried out in the fu­ture. They will cost 18,00021,000 man­ats ($10,600-12,300). The cost of cars presently pro­duced at the plant is 14,000-16,000 man­ats ($8,200-$9,400).

Ex­perts be­lieve that Azer­bai­jan should con­tinue the im­ple­men­ta­tion of projects in the au­to­mo­tive in­dus­try, and now it is im­por­tant to sup­port the ini­tia­tives of lo­cal en­trepreneurs to fur­ther de­velop the au­to­mo­tive in­dus­try in the coun­try.

The de­vel­op­ment of au­to­mo­bile in­dus­try can pro­mote the de­vel­op­ment of re­lated in­dus­tries such as met­al­lurgy and chem­i­cal in­dus­try in Azer­bai­jan. There­fore, it is very im­por­tant to or­gan­ise a com­pe­tent ad­ver­tis­ing cam­paign for lo­cal au­tomak­ers, to pop­u­larise them in the lo­cal mar­ket and abroad through par­tic­i­pa­tion in var­i­ous ex­hi­bi­tions.

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