Since the acceleration of industrialization process in Turkey in the beginning of the 70’s, the automotive industry has always carried a considerable degree of importance and has continued to develop in a consistent manner. The factors that have contributed to this development include:
- The automotive industry consisting of a high level of know-how,
- The positive effect of the industry on employment opportunities and foreign trade,
- The industry being a target market for the iron and steel, petroleum chemical, information technology and tyre industries,
- The industry being directly related to maintenance, fuel, insurance and the defense industries.
The Turkish automotive industry, with its sub-sectors, qualified workforce, geographical location and powerful capital structure, offers a variety of opportunities for companies in this industry. On the other hand, its low capacity usage rate, fluctuations in the foreign market and the competitive nature of the Chinese and Indian market constitute the industry’s weaknesses.
Cost and quality competition, carbon emission limitations implemented due to the increase of environmental awareness, alternative fuel consumption and electric automobile manufacturing are all steering the industry towards R&D expenses. This situation not only causes companies an increase in expenditure, but also to make strategic restructuring decisions. Thanks to our experience over many years in the automotive industry, we offer tailor-made solutions to our clients.