Turkish Land Vehicles manufacturer Otokar announced the financial results for the first six months of 2021. The company continued to grow despite the effects of the pandemic. Otokar’s exports increased its turnover by 64 per cent in the first six months of the year compared to the same period of the previous year. As a result, it grew by 37 per cent. Otokar’s export reached 152 million USD, and its net profit was 396.5 million TL.
Otokar General Manager Serdar Görgüç stated that they are pleased with the results; “We are becoming more and more preferred domestically and abroad with our wide product range in commercial and military vehicles. We have developed our technology, our design capabilities and the solutions following customer needs. We are adding new ones to our successes with our innovative product range and after-sales services.”
Otokar is operating in more than 60 countries on five continents with its products. The intellectual property rights belong to Otokar.
Görgüç said in sum; we have completed our order for 364 buses from the Izmir Metropolitan Municipality ESHOT General Directorate in the past six months. The deliveries of our military vehicle orders from abroad continued. We have developed and added COBRA II MRAP, the mine-protected vehicle, to our portfolio. We have completed the tests of Turkey’s autonomous bus.
Görgüç stated that they had allocated 8 per cent of their turnover to R&D activities in the last ten years, and they have spent 1.3 billion TL. Görgüç said, “We continue to lead our industry with our products in the defence industry, which we have developed and produced for today and future threats. We are working to provide the best products and services to our more than 50 users, especially our army and security forces. We are taking firm steps towards making Otokar a world brand, which is the pioneer of firsts in the commercial and defence industries. We aim to create more added value for our country in the coming period.”
