Start of production at Khazar factory may reduce Azerbaijan’s dependence on imports

SUV and commercial vehicle sales surged 28% y/y and 15.3% y/y, respectively

Sector’s output falls 10.9% y/y

This is its 10th consecutive decline

Solution is in between what Ministry of Finance and Ministry of Industry, Foreign Trade and Services advocate

Company estimates highest production volume at Craiova facility while celebrating the 10th anniversary in Craiova

SUV sales and commercial car sales grew 39.6% y/y and 33.4% y/y, respectively

Sector’s production also increased significantly driven by stronger shipments

Sector’s exports jumped 48.8% y/y due to stronger sales to Brazil

Sector’s sales could exceed 250.00 units this year

The market share of imported cars fell for first time in the last two years

Sector’s shipments to Germany soared 142% last year

Countries intend to jointly assemble up to 7,000 cars a year

Russia is the 5th biggest auto market in Europe