Turkey may extend tax cuts on automotive sales

Turkish Industry and Trade Minister Nihat Ergun and State Minister Zafer Caglayan attended the 63rd Frankfurt Motor Show.

Turkey may extend tax cuts on automotive sales
Turkish Industry and Trade Minister Nihat Ergun and State Minister Zafer Caglayan attended the 63rd Frankfurt Motor Show.

Speaking to reporters at the Motor Show, Ergun said they aimed at raising Turkey's auto production to somewhere between 1.5 to 2 million cars annually noting that Turkey was emerging as one of the most competitive countries in the world automotive sector.

Referring to the tax cuts on automotive sales which is due to end in late September, Ergun said it helped boost the auto sales in the domestic market. He said they were assessing the contribution of the tax cuts to auto sales hinting that they might extend it for a few more months.

"As of the end of September we will take a new decision. We will decide whether or not to extend the tax cuts, or at which rates, based on an assessment we will make as the Economic Coordination Board," said Ergun.
Ergun said Renault would start producing it's Fluence brand in Turkey in 2010. He said in 2011 Renault would start producing the electric version of this car noting that this would be a major progress for Turkish auto sector.

Also commenting on the electric version of the Fluence, Caglayan said this would make Turkey a base for electric car production and investments.


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Last Mod: 16 Eylül 2009, 16:37
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