Otokar Otomotiv ve Savunma Sanayi A.Ş., also known simply as Otokar, is a Turkish bus and military vehicle manufacturer headquartered in Sakarya, Turkey. Otokar is a subsidiary of Koç Holding.
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Otokar in the context of Automotive industry in Turkey
The automotive industry in Turkey plays an important role in the manufacturing sector of the Turkish economy. The companies operating in the Turkish automotive sector are mainly located in the Marmara region, especially Bursa.
In 2023, Turkey produced 1,486,393 motor vehicles, ranking as the 13th largest producer in the world (production peaked at 1,695,731 motor vehicles in 2017, when Turkey also ranked 13th). Turkish automotive companies like TEMSA, Otokar and BMC are among the world's largest van, bus and truck manufacturers. Togg, or Turkey's Automobile Joint Venture Group Inc. is the first all-electric vehicle company of Turkey. With a cluster of car-makers and parts suppliers, the Turkish automotive sector has become an integral part of the global network of production bases, exporting more than $35 billion worth of motor vehicles and components. In 2017, nearly 85% of exports went to Europe. Global car manufacturers with production plants include Tofaş, Oyak-Renault, Hyundai Assan Otomotiv, Toyota Motor Manufacturing Turkey, Ford Otosan.