Uzbekistan Well Placed To Pursue Its Export-Oriented Production Model

BMI has slightly revised up its forecasts for Uzbek autos production from average growth of 11% year-on-year (y-o-y) to 12% y-o-y between 2011 and 2015. In addition to robust demand from Russia, which is Uzbekistan's biggest trading partner, we believe the industry will attract investment owing to its competitive production base and the government's support towards the industry. In terms of domestic sales, however, affordability concerns make us less optimistic about very strong growth, although we still prefer commercial vehicles over the passenger car segment.

To read the full article, please choose one of the following options: