The Uzbek-American automobile concern GM Uzbekistan plans to increase the value of its cars in export markets, Sputnik news agency reports.
According to the head of "Uzavtosanoat" Umidzhan Salimov, now the company is reviewing prices for foreign markets, and this work can take about a month.
"Unequivocally, export prices to rise. We have a single price for all export markets, so prices to grow in Russia, Kazakhstan, and elsewhere. Now several scenarios are being considered. So, there may be an increase of 10%, 15%, 20% and 25%," he noted.
He also noted that now is studying in detail the question of how the increase in the cost of cars can affect the overall competitiveness of the company's products in foreign markets.
The main export markets for GM Uzbekistan are Russia and Kazakhstan, where cars are exported under the Ravon brand.