Minister Varank: TOGG Will Compete In Its Own Market Segments!

Industry and Technology Minister Mustafa Varank informed that TOGG, Turkey’s first domestic electric car, will be competitively priced in its own market segments.

Minister Varank made very important statements about Turkey’s domestic car TOGG on October 20. Minister Mustafa Varank; “The C-class SUV will be priced to compete in its class in the market. Those interested in TOGG’s price can thus compare the prices of other cars in the same class. Citizens can compare the costs of different cars, such as Diesel SUVs and diesel SUVs. Pricing will be determined by the company. In March It would not be appropriate to disclose specific pricing for a vehicle that will go on sale.” said.

A LONG AWAITED VEHICLE

Emphasizing that TOGG is a long-awaited vehicle in the country, Varank said, “It is not only Turkey’s first domestic car, but also the country’s first car. There is already a “Revolution Car” journey in Turkey. But that project never materialized. Turkey He has been waiting for his first vehicle for years. As a matter of fact, as our colleagues at TOGG, the minister emphasized ‘a project beyond a vehicle.’ Minister Varank added that the government was working on the project nonstop.

On October 29, President Recep Tayyip Erdoğan will inaugurate the Gemlik facility. The first mass-produced cars will roll off the assembly line. We are preparing wildly for this,” he said.

THE ATTENTION TO THE C SEGMENT HAS INCREASED IN THE LAST PERIOD

Minister Varank stated that the interest in the C segment has increased recently and gave the following statements: “Price policies on this issue will be determined by the company, but our colleagues have announced that they will be on the market with the C segment SUV from the first day. We will be in the market with the C segment. SUV vehicle Pricing is with C class SUV cars on the market. “It will be comparable. Despite being electric, it will be competitively priced compared to diesel-gasoline cars. The C segment is gaining popularity.”

THE MINISTER STRESSED THAT VARIOUS COMMERCIAL ENTERPRISES ARE MADE.

“Since we first announced this idea and introduced these cars in late 2019, the public has been curious about prices. Naturally, this is a private investment, so the company is trying to develop a brand as well as making cars. They are trying to start a business venture,” said Varank. .

Turkey’s Automobile Joint Venture Group A.Ş. (TOGG) is an automotive company established as a joint venture in 2018. Anadolu Group, BMC Turkey, Kök Group, Turkcell and Zorlu Holding are the main stakeholders under the umbrella of TOBB. TOBB owns 5 percent of the joint venture and 19 percent for each of the other companies.

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