In 2023, Uzbekistan’s production of passenger cars exceeded 395,000, marking a 25.9% increase from the previous year, the Statistics Agency reported. The production of Cobalt cars by the republic’s enterprises also saw a rise of 16.2%, reaching 118,900.
The Chery brand experienced a significant surge, with production increasing by 23.3 times to 9,800. Tracker production also saw a more than fivefold increase, reaching 48,000. However, Gentra production saw a decrease of 5.7%, falling to 82,100.
According to the Center for Economic Research and Reforms (CERR), 379,000 new cars were sold in the country during the year, while used car sales reached 1.16 mn. Review.uz reported.
Import and Customs Duties
The import of cars increased significantly over 11M 2023 - by 2.2 times, amounting to $1.56bn (UZS 19.4 trillions). The reduction largely influenced this growth in car imports in customs duties.
In February 2022, the President of Uzbekistan instructed to halve customs duties on imported cars, with the aim of stimulating competition in the domestic car market. The rates of customs duties on the import of cars were reduced in two stages: from February 2022 by 2 times (from 30% to 15%) and additional coefficients depending on the engine volume, and from January 2023 the rate was set at 15% with a decrease in the additional coefficient.
The reduction of customs duties on small cars also stimulated the increase in imports of new foreign cars. Sales of new foreign-made cars increased 2.4 times during the year, amounting to 46,000 cars.
Earlier, Daryo reported that sales of EVs skyrocketed by 4.3 times, totalling 25,700 units in 2023. The capital city emerged as the leader in electric vehicle sales, commanding a substantial 71% market share, while the Surkhandarya region reported the lowest sales volume, with only 123 electric cars.
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