Sales of cars assembled in Kazakhstan exceeded 50% for the first time in sector
As of today, fans of the cars manufactured in the republic constitute the most number of buyers.
Following the reporting period, 25 897 vehicles for a total of 162.9 billion tenge have been manufactured, BNews.kz reports referring to a press service of KazAvtoProm.
"In October Kazakhstan's car manufacturers have passed a symbolic turning point reaching 50% of its share in cumulative market sales. Today, fans of the cars manufactured within the republic account for the most number of buyers. Taking into account the growth paces, we expect that sales will reach 30 thousand cars by the year's end, and the volume of manufacture will exceed this figure," said Chairman of the Board of Directors of KazAvtoProm Oleg Alferov.
It is noted that the manufacture of cars has increased by 86%, surpassing the 2017 result.
The input of enterprises of the sector in the GDP of the republic has made up 162.9 billion tenge following 10 months (+44.6% in the past year), considerably surpassing the same figures of pharmaceutical and light industries.