The State Agency for Management of State Assets (SAMA) announced that the privatization of UzAuto Motors will proceed on a competitive and open basis. Furthermore, no individual companies, including the American General Motors, will be granted any benefits or priority rights to acquire this asset.
The agency specified that any investor meeting the requirements of national legislation can participate in the privatization process. The sale of the asset is planned through an international tender, which will be conducted transparently and openly.
Preparations for the sale of UzAuto Motors have already begun as part of the previously approved privatization program. SAMA has engaged international consultants to conduct due diligence and to collect and prepare all necessary documentation and materials for the sale.
After receiving relevant conclusions and proposals from the consultants, the agency will officially announce the start of the asset sale process. Last week, Alisher Miraliyev, Deputy Director of SAMA, told the publication Spot that the international consultant Alvarez & Marsal is conducting a review of UzAuto Motors and UzAuto Motors Powertrain. The planned sale covers 99.7% of UzAuto Motors shares and 100% of UzAuto Motors Powertrain shares.
The Deputy Head of SAMA noted interest in accelerating this process and stated that the agency plans to hold an international tender, aiming to attract major players in the automotive industry. The final privatization strategy for both companies, including the possibility of selling them as a single package, will be determined based on the consultants' proposals.
According to Avtostrada, a partnership agreement between Uzavtosanoat and General Motors was signed in October 2017 for a period of 10 years. Under this agreement, UzAuto Motors received a license to produce GM models, the right to use the Chevrolet brand, access to company technologies, and the ability to export vehicles to CIS countries. This agreement expires in 2027.
In November 2025, President of Uzbekistan Shavkat Mirziyoyev met with Shilpan Amin, Global Executive Director of General Motors International, in Washington. The parties discussed the development of production cooperation, expansion of product range, and deepening localization. The meeting also covered prospects for joint projects in new technologies and raw materials required for modern mechanical engineering.
According to the U.S. Department of State, Uzbekistan intends to import automotive components worth 5 billion US dollars over the next three years. Uzbekistan and the United States will also explore opportunities to expand their partnership within the context of the upcoming sale and privatization of UzAuto Motors.
