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.
He said: The business community want strong, stable policy signals, and flip-flopping is not good for investment. We see it right now in the US with a huge brain drain and capital drain, as whole sectors are being de-invested or even attacked. Consistency in the direction of UK policy over the last 20 years when successive Labour and Conservative governments vowed to press ahead with tackling the climate crisis, until Rishi Sunak's premiership had benefitted the economy, he said.
The first part of our electrification program led us to deploy some 230 e-buses in three depots which are partially electrified. We are planning to build two new depots fully electrified from the very beginning.