Buoyant Czech Automotive Industry partners with India
According to estimates, the automotive industry contributes 9% to the GDP of the Czech Republic, which is well above the average of the European Union. Czech automotive industry confirmed its major role in the Czech economy through excellent results in 2017 and it was a leading contributor to the fast economic growth. Members of the Czech Automotive Industry Association (AIA) achieved stunning results. They generated 24.4% of the total sales of the Czech manufacturing industry. The exports of AIA members amounted to 21.8 percent of the Czech Republic’s total exports in 2017 ...
AIA companies achievements in 2017 at glance:
- Growth of sales by more than 7%;
- Exports rising by over 6%;
- Total of 1.4 million vehicles manufactured;
- Employment increased by nearly 6%.
All time record volume of vehicles manufactured in the Czech Republic was achieved in the year 2017. Czechia managed to maintain its leading position, both in Europe and worldwide, in bus production pro capita. The country has become the second largest car manufacturer (pro capita) in the world. The Czech Republic is the 5th largest motor vehicle manufacturer in Europe and 17th largest manufacturer worldwide.
Car components manufacturers contributed with large volumes to the growth of the Czech automotive industry in the year 2017. They contribute significantly also to exports. Six out of ten largest automotive exporters in 2017 in Czechia produce automotive components. The manufacturers of automotive components employ 62 % of the workforce of the automotive industry. Czech car components manufacturers account for more than 42 percent of exports of the whole Czech automotive industry.