GM Uzbekistan increases prices for cars

Tashkent, Uzbekistan (UzDaily.com) -- GM Uzbekistan will increase the prices for cars from 1 August 2018. This was stated at the meeting of the International Press Club by the chairman of the board of Uzavtosanoat Shavkat Umurzakov.

According to him, the prices for the company’s cars will grow by an average of 14%. He noted that the company plans to provide discounts for consumers and reduce prices in 2019.

Explaining the increase in prices for cars, he said that this is not only related to the monopoly. He stated that the production capacity of the Asaka plant is 290,000 cars per year, but the company produce only 160,000 cars.

"Due to the fact that the plant only operates at 50% of its capacity, the cost of automobiles becomes high. This affects the buyers’ pocket and negatively affects the export potential of the enterprise," he said.