Focus On

Automotive Industry Serbia

 

“The attractiveness of the location, logistics advantages, availability of skilled workforce, and a very good support of the Government of the Republic of Serbia and the local community are the main reasons why the Bosch Group decided to invest in the Republic of Serbia.”

Mrs. Jadranka Jovanovic, General Manager of Robert Bosch Serbia

 

Accounting for 10% of the Serbian export, around 14% of value of foreign investments and employing more than 40,000 workers, automotive industry is certainly the most important industrial sector in Serbia today.

The development of this sector in Serbia goes back to 1939 when assembly of military truck started in the City of Kragujevac, today the heart of Serbian automotive industry. Ever since then, by acquiring the license from FIAT, the small Kragujevac plant was transformed into the Serbian car producing giant called Zastava. In the next 55 years Zastava would go on to produce more than 4.5 million vehicles, 650,000 of them being designated for export.

In recent years the automotive industry started its rebirth, this time based more on foreign investments and entrepreneurship in sector of SME`s. Tradition and know how in the industry attracted a significant number of foreign investors to the sector which in turn stimulated local suppliers to improve and grow.

 Automotive sector in Serbia was especially vibrant in attracting foreign investment. More than 70 factories were built by international investors with total capital value over 2.1 billion euros, creating more than 40,000 jobs. The flagship is FIAT`s 940 euro million investment into the factory with the capacity of over 200,000 cars per year, but parts and systems suppliers have played an even more significant role in creating jobs.  Together with FIAT came No.1 tire supplier for the new passenger car and companies like Magneti Marelli, Sigit, Grupo Proma, Bosch, Magna, Delphi and many more. This is the reason why Michelin, IGM, Grammer, Draexlmaier, Leoni, Yura, Continental  or Johnson Electric expanded their initial projects several times, and will continue to do so in the country that is “automotive”.

Components and Parts

 

 

 

 

More information about Automotive Industry Serbia HERE.