Tashkent, Uzbekistan (UzDaily.com) -- UzAuto Motors reports that the decision to revise the prices was due to market fluctuations, as well as changes in the general macroeconomic situation in the domestic and foreign markets. Buyers who conclude a contract before 4 March 2020 will purchase a car at the price specified in the contract.

Since the last price review in September 2017, there has been an increase in the dollar exchange rate against the sum, an increase in the price of raw materials, an increase in utility tariffs, and a rise in the cost of transport services.

In addition, the company UzAuto Motors, which used to have tax benefits, from October 2019 began to pay taxes on a common basis in accordance with the current legislation of the Republic of Uzbekistan, including VAT. In 2019, the company has already paid 2.5 trillion. soums and more than 4.2 trillion. soums planned for the current year.

One of the areas that the company considers to be a priority for itself in the near future is the development of an installment and loan system for end consumers, which is widely used in world practice. This direction provides for close cooperation with banks. UzAuto Motors is open to cooperation with banks that are ready to develop car loans.

During 2019, as a result of lending programs, installment plans and special offers, more than 52 thousand cars were sold to end consumers.

As part of the global reform of the automobile market of Uzbekistan, in order to create a healthy competitive ecosystem, Uzavtosanoat initiated a program to reduce customs duties on foreign cars imported to the Uzbek market, which will be considered by the responsible state authorities in the near future. Increased competition in the domestic market will further optimize the management of UzAuto Motors, increase the competitiveness of the company, as well as quality and availability.