The automotive and parts sector is an important part of Turkey’s manufacturing industry and overall economy, producing more than a million vehicles annually. Production looks set to increase, with large investments, manufacturing facility upgrades, and global players adding new models to the ranges they already produce in Turkish facilities. Since 2001, Turkey’s automotive industry has exported between 60 and 80% of overall production.
The Turkish government recently identified the auto industry as a key strategic sector, actively developing strategic reforms to encourage development, as well as increase competitiveness. The government’s strategies include revision of the tax system to encourage eco-friendly vehicles, as well as incentives available for automotive investments over certain amounts, or for investments made in specific geographic areas. Two of the government’s broader objectives include establishing Turkey as an automotive production and export hub, as well as launching mass production of an indigenous car brand.
We advise clients involved in all aspects of the automotive and parts supply chain. These clients include manufacturers, distributors, suppliers, and agents. Our clients manufacture and distribute both original and aftermarket automotive parts, for local use as well as for export.
Our firm’s integrated approach means our automotive clients receive a full range of commercial, regulatory, competition, financing, tax, customs and intellectual property advice, tailored to the industry and also to their specific position in the supply chain. Particular specialties of our firm include supporting clients to combat counterfeiting activities, as well as establishing and maintaining distribution networks, including all related negotiation and dispute resolution.
We actively keep up with local and global trends and developments in these sectors, allowing us to proactively advise clients about key issues and risk mitigation strategies.