Localisation is main element in Egypt’s new auto strategy: car companies – ZAWYA

Localisation is main element in Egypt’s new auto strategy: car companies – ZAWYA

The most prominent demands were concerning obstacles emerged due to the customs imposed on locally assembled auto parts while zero customs on many imported cars, which caused a price gap between the two sides.. In a different note, many car agents still deny any negative impact on local car factories due to the Coronavirus (COVID-19) outbreak, and that media reports circulated recently about Coronavirus-caused slowdown in the local auto sector were just baseless rumours.. Amr Soliman, chairperson of AlAmal Auto, BYD and Lada's agent in Egypt, praised the state's efforts towards localising the auto industry and deepening the feeding industries, which stimulates sales of locally assembled cars.. The local components currently used in the production of cars are glass, exhaust, battery, electric braids, seats, carpet floors, and some parts in the suspension and gasoline tank, which add up to 45% of the total car production.. Ramy Mohareb, spokesperson for Nissan Egypt , believes that the strategy of the auto industry will boost sales of locally assembled cars, demanding that locally assembled cars obtain more advantages than their imported counterparts due to the employment opportunities provided by the local assembly factories, which will increase the competitiveness of the local product.. Saad