The maker of the Volga Sedan and the GAZelle minivan, GAZ group have now joined up with Mersa Otomotiv to put together GAZ’s light commercial vehicles in Turkey.
They announced this yesterday at the launching ceremony which was in Sakarya, a Turkish province on the Black Sea coast. It was attended by the Russian Energy Minister and Alexander Novak the Chairman of the Bilateral Commission on Economic Cooperation, Alexei Rakhmanov the Deputy Industry and Trade Minister and the Russian Ambassador to Vladimir Ivanovsky.
The Turkish part of the joint venture will be investing €15 million so they can produce 2,500 vehicles for domestic use and for exports next year. By the end of this year the joint project is predicted to make 300 vehicles by the end of this year and they are estimating to eventually expand production to 3,700 vehicles.
By having the project as a joint venture it means that the overall price that the light commercial vehicles can be sold at will be lower than the price of the competitors vans. They will be as much as 15 to 20 per cent lower. This saving will be great news when it comes to buying commercial vehicle insurance as there will be a little extra cash floating around!
The marketing and sales director Oleg Marjov has said that each vehicle will cost around $20,000.