It exported 10.8 billion TL with 118 thousand vehicles!

It exported 10.8 billion TL with 118 thousand vehicles!

16 February 2021 0 By administrator

Sunday, February 07, 2021 – 12:35 | Last Updated: 07 02 2021 – 12:35

Tofaş produced 250 thousand 630 units and exported 118 thousand units in 2020. The firm accounts for 19.3 percent of the total production of the sector; realized 12.8 percent of its exports.

Automotive manufacturer Tofaş’s 2020 figures were announced. Achieving 10.8 billion TL export revenue, Tofaş’s net profit increased by 20.4 percent and reached 1 billion 784 million TL. With the brands of Fiat, Fiat Professional, Alfa Romeo, Jeep, Ferrari and Maserati it represents, it sold 141 thousand 976 units, increasing its total market share to 18.4 percent. With a share of 93 percent, it became the company that sold the most vehicles from domestic production in the domestic market.
108 million euro investment

Stating that they made an investment of 108 million Euros in the scope of structural and product innovations last year, Tofaş CEO Cengiz Eroldu said; He reminded that while completing the renewal activities of the Egea model family in 2020, he also supported FCA R&D projects and carried out engineering exports. Erol, Turkey expressed that they expect the total market closing level of 700-750 thousand “Stellantis” and stressed that they will increase performance with the synergy created.