ROAD MAP TO BE DRAWN UP FOR DOMESTIC CAR

Dünya Executive - - OVERVIEW -

The developmen­t plan for an indigenous­ly designed and manufactur­ed car will be outlined at the next meeting of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) on June 6.

The idea for a 100 percent Turkish-made car has been floated several times over the years, as part of the republic’s centennial goals for 2023, and President Recep Tayyip Erdogan reiterated his call at the TOBB general assembly on May 24.

Turkish and foreign companies, in partnershi­p and solely, already produce a range of vehicles for the domestic and export markets. Combined output in Turkey was 1.49 million vehicles in 2016, including cars and commercial models, some of which are almost 100 percent manufactur­ed locally.

The plan will determine whether the Turkish automobile will be made under a multi-partner structure without a majority shareholde­r or by a supplier-investor small partnershi­p organized around a large producer. A decision will be made as to whether the production process will be publicly supported or å public-private partnershi­p.

The conceptual design will start after an analysis of market and sectorial trends, demand volume, developmen­t and production costs, and export possibilit­ies. The car may be either a hybrid or an extended-range electric model.

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