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The graph given provides us with the information driven from the data of total
exported cars of the UzAuto Motors during the period from 2018 till 2019 and forecast of
2020+. It can be seen from the graph that this particular indicator had experienced a stable
growth onwards till the end of 2018. To be more precise the Uzbekinvest Company had a
total amount of export standing at around $25,5 million in 2018 which positively climbed
up to $71,4 million in 2019, however there is no precise prediction of how much is going
to be export amount for 2020 since the whole world is surviving the severe disease,
COVID-19.
3.3 Net profit
Figure 3.3
Given the graph indicates the information about the Company‘s total income in the
period between 2018 and 2020+. As is shown by the graph the overall trend experienced a
considerable increase onwards. To be more precise, starting from the point of just over
115 billion UZS, the trend climbed up to around 1 670 billion UZS, which is almost more
than 15 times, and again there is huge global problem COVID 19 that may unfortunately
negatively effect on these numbers compare to previous year. (See Figure 10)
3.4
Аccumulated loss of the enterprise in UZS
Figure 3.4
―ILM-FAN VA TA‘LIMDA INNOVATSION YONDASHUVLAR, MUAMMOLAR, TAKLIF VA YECHIMLAR‖ MAVZUSIDAGI
4-SONLI RESPUBLIKA ILMIY-ONLAYN KONFERENSIYASI
30 - SENTABR 2020 - YIL
―UzACADEMIA‖ scientific-methodical journal
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The given graph represents the information about accumulated loss of
UzaAvtosanoat Company from 2018 to 2019. It is apparent from the particular figure that
the Company had experienced a huge decrease of accumulated loss. To be more
particular, standing at approximately 2 410bln UZS in 2018 there was a drop to the point
of around 739,74bln UZS in 2019. To sum up, it is obvious that as UzAuto Motors
Company is fully owned by government, the progressive development of the company
would play essential role in the economy of Uzbekistan.
In terms of benefits for states in which they operate, there are advantages such as
unemployment decreasing, the rise of economy, the arrival of new technologies and
scientific and technological development. As an example, GM Uzbekistan right now
utilizes around 8,000 laborers. Estimating 178 sections of land (72 ha), the plant has
ability to create around 250,000 vehicles per year. These numbers are proof of decreasing
unemployment rate. According to OEC (2019), Uzbekistan has exported cars to other
countries, which worth 71.4 million dollars and these indicators mean that Uzbekistan has
obtained hard currency of 71.4 million dollars. As it was mentioned already, because of
the new technological developments, GM Uzbekistan attempts to increase the volume of
manufacturing high –class cars in order to satisfy the need of customers and to expand the
models of car including Tahoe, Blazer, Traverse and so on.
On the other hand, there is one wise proverb that every coin has two sides; therefore,
previous GM Uzbekistan (UzAuto Motors) has negative impacts on Uzbekistan. Since the
company focused to produce, more cars in order to export more, the quality of the cars
become low. As a result, as indicated by Russia's RIA Novosti news organization, Uzbek
vehicle fares to Russia fell 38 percent to 31,182 units in the principal half of 2013,
contrasted and a similar period a year ago. Uzbekistan nearly multiplied vehicle fares to
5,720 units to Kazakhstan over a similar period, as per Gazeta.kz. In addition, GM
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