No corruption in Kazakhstan, says Agromash Holding president

Source: Kursiv

French automobile giant Peugeot presented its first Kazakhstan assembled cars in Almaty on September 26. From now on in the Kazakh market the company will be selling vehicles made at Agromash Holding plant based in Kostanai.

Peugeot's model range in Kazakhstan is presented by four cars of local assembly - Peugeot 301, Peugeot 3008, Peugeot 508, Peugeot Partner and Peugeot 408, which is produced full-cycle at PSA Peugeot Citroen plant in Kaluga, Russia.

Prices are promised to be same across the Customs Union, writes Kursiv.

"All dealerships in the Customs Union countries will be setting same prices on the cars. Sometimes it is not suitable for us, as the cost of Peugeot 208 will remain unchanged despite transportation expenses," said Andrei Lavrentyev, the president of AllurGroup concern of car-making companies.

To a question about risks in the Kazakh market and corruption in the country addressed to the French side, Mr Lavrentyev claimed "there is no corruption in Kazakhstan".

Source: Kursiv

Peugeot representatives did not argue Mr Lavrentyev's statement, yet added that all risks had been weighed and calculated.

"To us Kazakh market is very important. Looking at CIS today we see a small decrease at the Russian market, the Ukrainian market is unstable and fluctuating, while Kazakh market enjoys stability and is easily predictable. With a population of 17 million its prospering economy is one of the most dynamically growing ones in the world. It has low car penetration - only 230 out 1000 people have cars in Kazakhstan, whereas in Europe the rate is 500 out of 1000. After a while the country will reach that level," said Bernd Schantz, PSA Peugeot Citroёn group's general director for operations in Russia, Ukraine and CIS.

Worth noting, a 1.6 liter Peugeot 301 car assembled in Kazakhstan will cost $16,300.

nur.kz