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Strong revenue growth of 53% enables focus on e-mobility and autonomy development at Otokar

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By Bradley Osborne - 1st November 2021

Turkey - Otokar Otomotiv ve Savunma Sanayi A.Ş. (“Otokar”), a manufacturer of buses, trailers and military vehicles and subisidary of Koç Holding based in Sakarya, Turkey, has released its 9-month financial results for 2021.

Otokar announced a 53% year-on-year growth in its revenues, which amounted to TRY2.7bn for the year so far. The company also recorded a 41% growth in exports, which were worth USD224m in total. Net profits for 2021 so far come to TRY516.4m.

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