Uzbekistan's authorities are preparing an international tender for the sale of state stakes in the country's largest automaker, UzAuto Motors, and in UzAuto Motors Powertrain, according to the website infohub.kz.
The plans were announced by Alisher Miraliev, deputy director of Uzbekistan's Agency for State Asset Management, at the VIII Cbonds international conference. The tender is expected to offer 99.7% of UzAuto Motors shares and 100% of UzAuto Motors Powertrain. No exact dates for the tender have been announced yet.
An international consultant has been brought in to prepare the deal: it has already carried out a preliminary review of the assets and is putting together materials for potential investors.
UzAuto Motors is part of the Uzavtosanoat structure and remains the largest domestic car manufacturer. The company was established in 1992 as a joint venture with Daewoo, and General Motors later became its partner.
In 2019, the state bought out the stakes of its foreign partners, after which the company received its current name. General Motors ceased to be a co-owner, but cooperation between the companies continued.
The agreement between Uzavtosanoat and General Motors gives UzAuto Motors the right to produce vehicles under the Chevrolet brand and export them to CIS countries. The document expires in 2027. According to Avtostrada, a potential buyer will have to consider the issue of continued cooperation with General Motors.
UzAuto Motors long dominated the domestic market, but its share has been gradually shrinking amid the growth of private automakers and Chinese brands. In the first half of 2026, UzAuto Motors' share of passenger car production fell from 81.1% to 76.7%.
In the first six months, the company produced 196,900 passenger cars out of the 235,800 manufactured in the country. The enterprise's operations are directly and indirectly linked to more than 30,000 jobs.
Earlier, Kursiv Auto reported that a hybrid Chevrolet Equinox had gone on sale in Uzbekistan.