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- BUSINESS > Turkey's automotive industry eyes $25 billion in exports in 2017: AssociationDHA photoTurkey's automotive exports are expected to reach $25 billion in 2017 with an 8 percent increase from 2016, according to sector representatives.The head of the Turkish Automotive Parts Industry Association (TAYSAD), Alper Kanca, has said that around $10 billion of these exports will most likely be achieved by domestic suppliers.Turkey is the largest automotive exporter to Europe, Kanca said in a press meeting on Dec. 27, a follow-up press release said.European Union countries imported a total of 843,000 cars from Turkey in 2015, although the number included 480,000 from Japan and 376,000 from South Korea."In the first 11 months of 2016, our production hit over 1.3 million units.The sector's exports also exceeded $21.9 billion, which $8.3 billion of the exports were from automotive parts industry," he said."The automotive sector will most likely close this year with over 1.4 million units of production, a total market with 1 million units and $23 billion in exports," he said, while adding that the output target for 2017 was 1.5 million units and the export target was $25 billion.Kanca said that the sector would focus on new alternative markets in addition to its existing markets, such as Iran, India, China and America.According to TAYSAD representatives, recent hikes in special consumption taxes and the lowering trend in the Turkish Lira may push down domestic demands in 2017.Meanwhile, automotive production in Turkey rose by 8 percent year-on-year in the first 11 months, according to a monthly Automotive Manufacturers Association (OSD) report released in mid-December.The OSD said that automakers in the country manufactured nearly 1,377,000 vehicles -- including automobiles, light commercial vehicles and tractors -- during the first 11 months, while automobile production increased by 18 percent, at 844,000, in the same period.According to the OSD report, the total production for the January-to-November period had never been so high.PHOTO GALLERY$
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- The automotive industry is undergoing an era of digital disruption.With a modern, tech-savvy target audience, creating a high-energy, interactive and visual experience is no longer optional for automotive dealership showrooms – it's a necessity.Static signs and posters simply do not captivate an audience anymore.
read more from here
- Smartphones seemed like the perfect platform to fast track wireless charging to mainstream success.The idea was to eliminate the "first world problem" of having to physically connect your phone to a charging cable by replacing said cable with a charging mat.Simply place your smartphone on the mat and voila, it begins charging automatically.
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- Automobile industry keeps growing in good ol' Mexico!Mexico is in the automotive news this week with the announcement by Toyota Motor Corporation that it will expand its Tijuana assembly plant and Ford Motor Company'sdecision to move all its small-car production from the U.S. BMW also broke ground this week on its $1bn plant in San Luis Potosi.Toyota will invest US $150 million at its Baja California plant in order to increase output of its Tacoma pickup truck from the current level of about 100,000 units a year to 160,000.
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- "2016 was a turning point for Indian automotive industry as we saw signs of a sustainable revival in demand for the first time in five years.The positive sentiment created by the Modi government's business like approach to running the government has been a shot in the arm for the industry.Also, the announcement of various initiatives such as Make in India and Skill India, besides the announcement of GST implementation in April 2017 will continue to boost market sentiments in the medium and long term.
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Turkey's automotive industry eyes $25 billion in exports in 2017: Association
- BUSINESS > Turkey's automotive industry eyes $25 billion in exports in 2017: AssociationDHA photoTurkey's automotive exports are expected to reach $25 billion in 2017 with an 8 percent increase from 2016, according to sector representatives.The head of the Turkish Automotive Parts Industry Association (TAYSAD), Alper Kanca, has said that around $10 billion of these exports will most likely be achieved by domestic suppliers.Turkey is the largest automotive exporter to Europe, Kanca said in a press meeting on Dec. 27, a follow-up press release said.European Union countries imported a total of 843,000 cars from Turkey in 2015, although the number included 480,000 from Japan and 376,000 from South Korea."In the first 11 months of 2016, our production hit over 1.3 million units.The sector's exports also exceeded $21.9 billion, which $8.3 billion of the exports were from automotive parts industry," he said."The automotive sector will most likely close this year with over 1.4 million units of production, a total market with 1 million units and $23 billion in exports," he said, while adding that the output target for 2017 was 1.5 million units and the export target was $25 billion.Kanca said that the sector would focus on new alternative markets in addition to its existing markets, such as Iran, India, China and America.According to TAYSAD representatives, recent hikes in special consumption taxes and the lowering trend in the Turkish Lira may push down domestic demands in 2017.Meanwhile, automotive production in Turkey rose by 8 percent year-on-year in the first 11 months, according to a monthly Automotive Manufacturers Association (OSD) report released in mid-December.The OSD said that automakers in the country manufactured nearly 1,377,000 vehicles -- including automobiles, light commercial vehicles and tractors -- during the first 11 months, while automobile production increased by 18 percent, at 844,000, in the same period.According to the OSD report, the total production for the January-to-November period had never been so high.PHOTO GALLERY$
read more from here
Digital disruption raising expectations of the automotive industry
- The automotive industry is undergoing an era of digital disruption.With a modern, tech-savvy target audience, creating a high-energy, interactive and visual experience is no longer optional for automotive dealership showrooms – it's a necessity.Static signs and posters simply do not captivate an audience anymore.
read more from here
Wireless charging may be a better fit for the automotive industry
- Smartphones seemed like the perfect platform to fast track wireless charging to mainstream success.The idea was to eliminate the "first world problem" of having to physically connect your phone to a charging cable by replacing said cable with a charging mat.Simply place your smartphone on the mat and voila, it begins charging automatically.
read more from here
Toyota, Ford and BMW set the pace for automotive industry in Mexico
- Automobile industry keeps growing in good ol' Mexico!Mexico is in the automotive news this week with the announcement by Toyota Motor Corporation that it will expand its Tijuana assembly plant and Ford Motor Company'sdecision to move all its small-car production from the U.S. BMW also broke ground this week on its $1bn plant in San Luis Potosi.Toyota will invest US $150 million at its Baja California plant in order to increase output of its Tacoma pickup truck from the current level of about 100,000 units a year to 160,000.
read more from here
2016 was a turning point for the Indian automotive industry
- "2016 was a turning point for Indian automotive industry as we saw signs of a sustainable revival in demand for the first time in five years.The positive sentiment created by the Modi government's business like approach to running the government has been a shot in the arm for the industry.Also, the announcement of various initiatives such as Make in India and Skill India, besides the announcement of GST implementation in April 2017 will continue to boost market sentiments in the medium and long term.
read more from here
read more visit us industry
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