Among the automotive companies traded in Borsa Istanbul, Otokar Otomotiv ve Savunma Sanayi A.Ş., whose shares increased by 14.3 percent in November. It became the company that brought the most profit to its investors.
According to data compiled by the AA correspondent, the share values of 5 of the 8 automotive companies traded on Borsa Istanbul in November increased.
While the upward trend in automotive companies stood out last month, the companies’ investments, projects, financial statements and monthly developments of the automotive industry in Turkey were effective in stock movements.
Among the automotive companies traded in Borsa Istanbul in November, Otokar Otomotiv ve Savunma Sanayi AŞ, which increased by 14.3 percent, became the automotive company that earned the most for its investors. The company announced last month that it signed a military vehicle agreement with Romania worth approximately 857 million euros. In the statement made by the company, it was reported that the 1059 4×4 tactical wheeled light armored vehicle project of Romtehnica, owned by the Romanian Ministry of Defense, was won.
TürkTraktör, which gained 11.8 percent in value among automotive companies, became the second company with the highest profit in November, followed by Tofaş with an increase of 5.3 percent, Doğuş Otomotiv with a gain of 1.8 percent and Ford Otosan with an increase of 0.2 percent.
Last month, Karsan Otomotiv made its investors lose 16.6 percent, Tümosan Motor and Tractor lost 3.7 percent, and Anadolu Isuzu lost 2.1 percent.
IT HAS MADE THE MOST PROFITMENT SINCE THE BEGINNING OF THE YEAR
Considering the share performance of automotive companies since the beginning of the year, Karsan Otomotiv was at the top, while Doğuş Otomotiv was the only loser.
While Karsan investors have gained 50.9 percent since the beginning of the year, Tümosan 38.3 percent, Ford Otosan 37.5 percent, TürkTraktör 21 percent, Otokar 13 percent, Anadolu Isuzu 3.2 percent, Tofaş 1.7 percent, Doğuş Otomotiv shares have gained 1.7 percent annually. It decreased by 2.9 percent on an underlying basis.
Focusing on hydrogen technology in the automotive industry, Karsan maintained close contact with global automotive manufacturers. The company signed a collaboration with Toyota Motor Europe in the field of “hydrogen technology”. The company, which provides service with more than 1,100 electric vehicles spread across 23 countries in the world, especially in Europe, continues to invest in hydrogen fuel cell (Fuel Cell) models, which represent the new generation technology in the sector.
Ford Otosan, the company with the highest market value among the 8 publicly traded automotive companies, completed November with a market value of 339 billion 329 million 970 thousand liras.
During the said period, Ford Otosan was succeeded by Tofaş with a market value of 99 billion liras, TürkTrakör with a market value of 77 billion 852 million 28.8 thousand liras, Otokar with a market value of 56 billion 910 million liras, Doğuş Otomotiv with a market value of 47 billion 80 million liras, and Doğuş Otomotiv with a market value of 16 billion 682 million liras. Anadolu Isuzu, with a market value of million 400 thousand lira, has a market value of 13 billion Tümosan Motor and Tractor with a market value of 340 million liras was followed by Karsan Otomotiv with a market value of 11 billion 583 million liras.
On the other hand, according to the November export figures announced by the Turkish Exporters Assembly (TİM), Turkey’s exports reached 3 billion 241 million 318 thousand dollars in November, with an increase of 2.3 percent compared to the same period of the previous year. The share of automotive exports in total exports was recorded as 16.6 percent. Exports of the automotive industry reached 33 billion 731 million 566 thousand dollars in January-November 2024, an increase of 6 percent compared to the same period of the previous year.
