Passenger car sales on Uzbekistan’s primary market double

By Muzaffar Ismailov in Tashkent September 14, 2023

Passenger car sales on Uzbekistan's primary market in August more than doubled year on year, according to the Center for Economic Research and Reforms (CERR).

Monthly sales reached a record 37,700. The August sales figure was also up 9% m/m.

Considerable growth rates in m/m sales were observed in Khorezm (17%), Jizzakh (12%) and Syrdarya (11%) regions.

The rapid expansion of Uzbekistan's electric vehicle (EV) segment, observed since February, continued in August. During the month, 3,700 EVs were purchased. The figure was up 38% m/m and by around five-fold y/y.

bne IntelliNews has previously reported on China’s attempts to dominate and conquer Uzbekistan’s EV market. While 10 years ago only locally assembled Chevrolet cars could be seen on the country's streets, a large range of models, including EVs, produced by China's Chery, Jetour, Haval, Hongqi, XPeng, Changan, Dongfeng and BYD, are now a common sight.

Related Articles

Kazakhstan and Uzbekistan’s combined IT exports surpass $800mn

Kazakhstan and Uzbekistan’s combined IT exports surpassed $800mn in 2023. The Kazakh IT sector's export revenue jumped from $50mn in 2020 to over $500mn last year. Astana Hub was a major ... more

Reconstruction of Afghanistan-Uzbekistan railway starts, ambition is to extend route to Pakistan

Engineers have commenced the $6.3mn and three-month reconstruction of the 75-kilometre (47-mile) cross-border railway line that links Uzbekistan and Afghanistan, ... more

Fitch affirms Uzbekistan at 'BB-' with a stable outlook, says bank selloffs timetable challenging

Fitch Ratings on February 23 affirmed Uzbekistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a ... more

Dismiss