In the global automotive industry, opportunities and risks are everywhere — in emerging and mature markets alike. While possibilities are plentiful, profitable growth is becoming more difficult to achieve and challenges — from the supply chain to the retail environment — can upend even the best laid plans. Amidst this landscape, automotive organizations must conduct their business, while at the same time adapting to new regulations, reducing costs, managing capacity and inventory, and controlling healthcare and compensation costs.
Over the past ten years, Turkey has evolved as a new center of the automobile and automotive supplier industry. The automotive branch is one of the most important industrial pacesetters in Turkey, leading the country’s cyclical upturn, together with the textile industry. Turkey has become a production and export base, on which almost all global actors take part and have made remarkable contribution to the current production levels of around 800,000 vehicles with an export figure of $13 billion.
The low cost, qualitative labour force with high levels of motivation, the central location of the country in Europe, the production quality of international standards, and the high quality components of suppliers trading at competitive prices, have been the main factors that have attracted the attention of global sector players, most of which consider Turkey as a production centre for their new models.
In PwC Global Automotive practice, we bring together experts in these areas and more to help you address these important issues.
How can PwC Turkey help you?
To help meet these challenges, many automotive companies have chosen to work with a professional services organization that has its finger on the pulse of the automotive industry — an organization that deeply understands the industry’s fundamental business and financial issues. Only a global organization with the highest level of automotive industry expertise can add value to your operations.