The privatization of UzAuto Motors will be carried out openly and on a competitive basis. No preferences or priority rights will be granted to individual companies, including US-based General Motors, the State Asset Management Agency (SAMA) told Spot.
The agency noted that any investor meeting the requirements of national legislation will be eligible to participate in the privatization. The asset is planned to be sold through an international tender, with the process conducted openly and transparently.
“Any investor that meets the legal requirements will be able to participate — no preferences or priority rights for individual companies are envisaged”, the agency told Spot.
Preparations for the sale of UzAuto Motors have already begun as part of the previously approved privatization program. SAMA has engaged international consultants, who are currently conducting due diligence and collecting and preparing the documents and materials required for the sale.
After receiving the relevant conclusions and proposals from the consultants, the agency will officially announce the start of the asset sale process.
Last week, SAMA Deputy Director Alisher Miraliyev told Spot that international consultant Alvarez & Marsal is conducting due diligence of UzAuto Motors and UzAuto Motors Powertrain. The planned sale covers a 99.7% stake in UzAuto Motors and 100% of UzAuto Motors Powertrain.
“We are interested in speeding up this process”, the SAMA deputy head said.
According to him, the agency plans to hold an international tender and is interested in attracting major players from the automotive industry. The final privatization strategy for the two companies, including whether they could be sold as a single lot, will be determined based on the consultant’s recommendations.
Partnership with General Motors
As reported by Avtostrada, an alliance agreement between Uzavtosanoat and General Motors was signed in October 2017 for a 10-year period. Under the agreement, UzAuto Motors received a license to manufacture GM models, the right to use the Chevrolet brand, access to the company’s technologies and the ability to export vehicles to CIS countries. The agreement expires in 2027.
In November 2025, in Washington, Shavkat Mirziyoyev met with Shilpan Amin, Global Executive Director of General Motors International. The parties discussed the development of manufacturing cooperation, expanding the range of products and deepening localization.
The meeting also covered prospects for joint projects involving new technologies and raw materials needed for modern automotive manufacturing.
According to the US State Department, Uzbekistan plans to import $5 billion worth of automotive components over the next three years. Uzbekistan and the US will also explore opportunities to expand their partnership as part of the upcoming sale and privatization of UzAuto Motors.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
