Astana – Kazakhstan has seen rapid development in the automotive industry in the past years, Kazinform correspondent reports.
«Over the past years, the automotive industry in Kazahstan has been developing rapidly and is one of the priority sectors of mechanical engineering and manufacturing. The National Statistics Bureau data indicate that domestic vehicle manufacturing has been up 6fold since 2016: 11 thou units in 2016, 93.5 thou units in 2021, and 40.6 thou units in the 5 mths of 2022,» the Kazakh PM wrote in his response to the deputy inquiry.
According to him, despite global shortages, sales of new vehicles stood at 117,590 units (25.9% growth compared with 2020), of which 75% were domestically made, in the country.
«In 5 months of 2022, 39.9 thou new vehicles, 33.4% more than in the same period of 2021, were sold. Small- and medium-entrepreneurship in imported vehicle sales via dealerships actively develops,» the PM added.
In the same time, Kazakhstan’s automotive industry saw a 24 percent increase by the end of the last year. Overall, the production of cars, trailers, and semitrailers in terms of value reached 739.1 billion tenge (US1.5 billion) by the end of 2021.
The automotive industry plays an important role in the country’s industrial production. Despite the challenges that the sector is facing, Kazakhstan’s automotive manufacturers are breaking records.
At the March 15 government meeting, Minister of National Economy Alibek Kuantyrov said the machine-building industry witnessed dynamic growth in January and February including a 10.2 percent growth in the automotive industry.
In two months, the country has produced 14,300 vehicles, trailers, and semitrailers, including 12,400 passenger cars – 10 percent more than the year before.
In 2021, Kazakhstan manufactured 93,500 vehicles. The article cites data from Kazakhstan’s Association of Automobile Businesses which says more than 60,000 vehicles – one and a half times more than a year before – were produced at Kostanai-based SaryarkaAvtoProm. Another 26,700 cars and light commercial vehicles were manufactured at production facilities in Almaty.
Besides its domestic production, Kazakhstan also exports cars and in 2021, exports grew by 49 percent.
In 2021, two out of three cars sold in Kazakhstan were locally made. With the deficit of car components in the Russian car market and a devaluating tenge, buying Kazakhstan-made cars has become a more affordable option for citizens in both Central Asia and Russia.