UzAuto Motors Becomes the Absolute Leader of Uzbekistan’s Automotive Market
Uzbekistan
In 2024, UzAuto Motors further solidified its leadership in Uzbekistan’s automotive market, achieving an 88% market share. This means that 88 out of every 100 cars sold in the country were produced by this company.
According to statistics, a total of 303,373 cars were sold nationwide, including 127,240 Cobalt, 106,001 Damas, and 37,903 Tracker models.
During 2024, the following companies supplied vehicles to the Uzbek market:
UzAuto Motors: 353,730 vehicles, market share – 87.9%;
ADM Jizzakh: 30,329 vehicles (7.5% share);
BYD Uzbekistan Factory: 17,132 vehicles (4.3% share);
Asaka Motors: 489 vehicles (0.1%);
Jizzakh Auto: 394 vehicles (0.1%);
SamAuto: 317 vehicles (0.1%).
Best-selling car models:
Cobalt – 127,240 units;
Damas – 106,001 units;
Tracker – 37,903 units;
Onix – 33,644 units.
In 2024, Uzbekistan imported 74,525 vehicles worth a total of $1.27 billion. This represents a 7% decrease in quantity and a 33% decrease in value compared to 2023.
Key success factors:
UzAuto Motors’ dominance:
The company’s massive market share is driven by its production capacity, strategies tailored to local demand, and competitive pricing. Localization of many components for the domestic market has also helped reduce costs.
New players like ADM Jizzakh and BYD Uzbekistan Factory:
These companies are striving to increase their market share. In particular, BYD Uzbekistan Factory has gained attention with its electric vehicles and modern models.
Decline in imports:
The reduction in import volumes in 2024 is linked to the strengthening positions of local manufacturers and the imposition of tariffs on imports.
Competition between models:
Models like Damas remain popular due to their affordability. Meanwhile, interest in modern vehicles like Onix and Tracker continues to grow.
During 2024, the following companies supplied vehicles to the Uzbek market:
UzAuto Motors: 353,730 vehicles, market share – 87.9%;
ADM Jizzakh: 30,329 vehicles (7.5% share);
BYD Uzbekistan Factory: 17,132 vehicles (4.3% share);
Asaka Motors: 489 vehicles (0.1%);
Jizzakh Auto: 394 vehicles (0.1%);
SamAuto: 317 vehicles (0.1%).
Best-selling car models:
Cobalt – 127,240 units;
Damas – 106,001 units;
Tracker – 37,903 units;
Onix – 33,644 units.
In 2024, Uzbekistan imported 74,525 vehicles worth a total of $1.27 billion. This represents a 7% decrease in quantity and a 33% decrease in value compared to 2023.
Key success factors:
UzAuto Motors’ dominance:
The company’s massive market share is driven by its production capacity, strategies tailored to local demand, and competitive pricing. Localization of many components for the domestic market has also helped reduce costs.
New players like ADM Jizzakh and BYD Uzbekistan Factory:
These companies are striving to increase their market share. In particular, BYD Uzbekistan Factory has gained attention with its electric vehicles and modern models.
Decline in imports:
The reduction in import volumes in 2024 is linked to the strengthening positions of local manufacturers and the imposition of tariffs on imports.
Competition between models:
Models like Damas remain popular due to their affordability. Meanwhile, interest in modern vehicles like Onix and Tracker continues to grow.
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