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| Company type | Public Company |
|---|---|
| BİST:OTKAR | |
| Industry | Automotive & Defense |
| Founded | 1963; 62 years ago (1963) |
| Headquarters | , |
Area served | Europe,Middle East,Central Asia,Africa |
Key people | Ali Koç (Chairman) Serdar Görgüç (CEO) |
| Products | Buses Trucks Trailers Military vehicles |
| Revenue |  US$982 million (2024)[1] |
| $87 million (2023) | |
| $71 million (2023) | |
| Total assets | $1.28 billion (2024) |
| Total equity | $291 million (2023) |
Number of employees | 3580 (2023) |
| Parent | Koç Holding |
| Subsidiaries | Otokar Europe SAS (France) Otokar Land Systems LLC (UAE) Otokar Europe Filiala Bucuresti SRL (Romania) Otokar Central Asia Limited (Kazakhstan) |
| Website | otokar.com.tr |
Otokar Otomotiv ve Savunma Sanayi A.Ş., also known simply asOtokar, is a Turkishbus and military vehicle manufacturer headquartered inSakarya,Turkey. Otokar is a subsidiary ofKoç Holding.
Otokar was founded in 1963 as Turkey's firstbus manufacturing company under the license ofMagirus-Deutz. The company was noted for manufacturing the most modern buses and modern intercity vehicles for that period. In the early 1980s, Otokar started production of Deutz-powered vehicles with local components. During this period, Turkey's largestconglomerate, Koç Holding, purchased major share of Otokar. Within its public transportation strategies in the early 1980s, the company added intercity bus to its lineup.
In the mid-1980s, Otokar manufactured the first Turkisharmoured vehicle as anarmoured car by acquiring the manufacturing license ofJaguar Land Rover. In 1987, the Turkish Armed Forces ordered Otokar to manufacture militaryLand Rover Defender in Turkey in cooperation withLand Rover.
In the early 1990s, Otokar developed the Otokar Armoured Personnel Carrier,Otokar Akrep andOtokar Cobra which was Turkey's first4x4 light-armoured tactical wheeled vehicle in which Otokar combined its armour technology with the experience in military vehicles. In 1997, the company moved to its new manufacturing facilities in Sakarya,Arifiye.
In 2002, Otokar acquired atrailer and semi-trailer production company from Koç Group Company of Istanbul Fruehauf A.Ş. Later in 2002, with its experience in public transportation, Otokar developed theNavigo small bus which is marketed in Turkey with the Sultan brand. In 2003, Otokar initiated cooperation withSingapore Technologies Kinetics (STK) for the new 8x8 tactical armoured vehicleOtokar Yavuz. In 2005 Otokar expanded its line of armoured vehicles.
In 2007, the Subsecretary for Defence Industries of Turkey launched negotiations with Otokar on the eventual contractual agreement to develop and produce Turkey's first national tank.
In 2011, Otokar achieved 890,000,000 TL turnover, 72% higher than 2010. Mostly due to civil products, sales were extended to European countries, leading to the establishment of the Otokar European office. The company introduced the Arma 8x8 ACV, Arma 6x6 EOD, Mizrak RCT and exhibitedAltay MBT's early prototype in 2011.[2]
As of 2019, Otokar products are actively used in 60 countries with 300 support and sales points.
Otokar produces the famous Deutz F4L912-powered, 80S minibuses based on theTAM 80T50 light truck. They have held the largest percentage by far among alldolmuşes (share taxis) in Istanbul and Ankara since their introduction in the 1970s. These 14-seat minibuses are particularly known for their cubic shape, durability, long life expectancy, and low operation costs. M-2000, M-3000, and M-2010 were the latest models from this series, which began some time ago under a different coding system. Initially, the vehicles were namedMagirus after their engines, but as the company built confidence among its customers, the company started using their own brand name. The last member of the series, M-2010 has anIveco engine, the first timeDeutz engines were abandoned in this series.
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Otokar manufactures several buses for civilianmass transit use. Its line of Navigo buses range from the Navigo 125L with 25 seats and 6.3 m in length to the Navigo 160SE with 31 seats at 7.1 m in length. All small bus models use a 4.4LCummins 145 PS Euro 6diesel engine. The Navigo is marketed as the Sultan in Turkey. The larger, more luxurious models have a 45-litre refrigerator, hostess seat, announcement system, optional additional heater and optional double-layer glass, DVD,VCD, MP3 player and LCD TV systems.
Since April 2007, Otokar has also started to manufacture a new 9-meter, rear-engined bus called Doruk in Turkey and Vectio in other markets.
Otokar is the bus supplier for Inter Trust of Bulgaria.
In February 2020, Otokar signed an agreement with Iveco Bus for production ofIVECO Buses in Turkey.
Kent is the low floor full-size bus line-up of Otokar used by many operators.
Otokar manufactures a wide variety of trailers and superstructures for carrying textiles, refrigerated foods, heavy mechanical goods,hazardous materials, and motor vehicles.
Otokar, under theLand Rover license, produced several Land Rover variants and models until 2016. These include the Land Rover Defender 90, Defender 110, and Defender 130 for use asutility,ambulance, and rescue vehicles.
Otokar produces wheeled military vehicles for theTurkish Armed Forces as well as other countries.
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