Turkiye’s 1Q automotive production declines 8.7%


A street vendor sells Turkish national flags at Mahmutpasa street, a popular middle-class shopping district, in Istanbul, Turkey March 22, 2021. REUTERS/Murad Sezer/File Photo

Ankara: Turkish motor production fell in the first quarter, led by a drop in vehicles used for transporting goods and people for business purposes.

Total automotive output was 344,120 units in the three months through March, down 8.7% compared to the same period a year earlier, according to data emailed by the Automotive Manufacturers Association, known as OSD. 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Turkiye , economy , motor , production

Next In Business News

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read