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Automotive Exports March 2021

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Turkey-A global player in<br />

automotive industry<br />

During the 1990’s, as other international<br />

manufacturers like Toyota, Honda,<br />

Hyundai, Isuzu and Mercedes-Benz entered<br />

the market, Turkey rapidly became an<br />

automotive production base which not<br />

only caters to one-time developments<br />

of the industry but rather holds longterm<br />

development options. Turkey has a<br />

thriving automotive sector, demonstrating<br />

substantial growth in the past. All players<br />

involved, including local authorities and the<br />

government, are participating in providing<br />

conditions to increase output in the future.<br />

Some of the facts are:<br />

-High level of integration into the global<br />

automotive industry<br />

-14th major automotive producer in<br />

theWorld, with 78% average export rate<br />

-Vehicles of Turkish origin hold the leading<br />

position among the vehicles coming<br />

from outside of EU<br />

-Production, export, and engineering hub<br />

of global brands for international<br />

markets<br />

-Quality products with high export rates<br />

-Hundreds of Tier 1 companies working<br />

directly with OEMs<br />

-Center of excellence in automotive<br />

engineering and R&D, in which new<br />

technologies are developed strong<br />

international presence<br />

-Giants of global automotive value chain<br />

benefit from Turkey’s location, cost,<br />

and competitive advantages<br />

-Because of their profitable business in the<br />

country, companies in Turkey<br />

continue to invest in the country’s future<br />

-9 R&D centers support not only the local<br />

operations, but also the operations in<br />

other plants of parent companies.<br />

-With more than 40 thousand employees,<br />

automotive OEMs are one of the<br />

major employers in the manufacturing<br />

industry.<br />

69 <strong>March</strong> <strong>2021</strong>

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