"The company closed 2024 with a turnover of USD 962 million, with 64% of revenues coming from exports, confirming its role as both a leading Turkish bus manufacturer - a position it has held for 16 consecutive years - and an increasingly significant player in Europe. More than 68,000 Otokar buses are now in operation in over 60 countries, with Spain, France, and Italy representing its largest European markets."
"Industrial capability is a cornerstone of this strategy. Otokar today operates what it calls Europe's most modern integrated bus manufacturing plant, not only producing its own buses but also manufacturing for other OEMs. The partnership with Iveco Bus has now passed two and a half years, and production for Daimler Buses has recently begun with the Conecto city bus. This dual role - as both a competitive brand and a manufacturing partner - underlines Otokar's industrial flexibility and credibility in the global marketplace."
Otokar showcased seven vehicles including e-Centro, Navigo U Giga, Ulyso, e-Kent, and e-Territo, emphasizing electrification and autonomous driving with two autonomous prototypes. The 10.9-meter e-Kent made its debut. Otokar closed 2024 with USD 962 million turnover and 64% export revenue, operating over 68,000 buses across more than 60 countries with strong markets in Spain, France, and Italy. Otokar plans expanded deliveries in France and aims for growth into Germany and the Nordic countries. A modern integrated European manufacturing plant produces both Otokar buses and vehicles for other OEMs, supporting strategic partnerships and industrial flexibility.
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