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Dogus Otomotiv has signed a letter of intent with Volkswagen Group companies to evaluate the possibility of producing Volkswagen passenger cars in Türkiye, according to a disclosure filed with the Public Disclosure Platform, or KAP, on Friday.
Dogus Otomotiv Servis ve Ticaret A.S. said the agreement marks a new stage in discussions over potential vehicle production in Türkiye, but no final production decision or investment commitment has been made.
The disclosure was published on KAP on Oct. 30.
The company did not provide details on which Volkswagen models could be produced, the potential size of the investment or a possible production timetable.
Dogus Otomotiv said a potential partnership would aim to bring value-added products equipped with new technologies to the Türkiye market.
The company also said the project was expected to contribute to the development of Türkiye’s automotive industry.
In the KAP disclosure, Volkswagen Group companies were classified as suppliers to Dogus Otomotiv.
Volkswagen Group accounted for 40.35% of the company’s net sales and cost of goods sold in its most recently disclosed income statement, according to the filing.
The group also represented 52.12% of Dogus Otomotiv’s trade receivables and payables in its latest balance sheet.
The letter of intent represents an assessment stage for possible production of Volkswagen passenger vehicles in Türkiye, with the parties continuing to evaluate available options.
No specific model, investment amount, production schedule or binding manufacturing decision has yet been announced.
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