Export turnover (turnover) in the automotive sector reached 66.7 billion dirhams (MMDH) at the end of August 2022, against 51.58 billion MAD for the same period in 2021, i.e. a growth of 29.3%, according to the presentation note of the finance bill (PLF) for the year 2023.
Despite the crisis, automotive sector exports continued to grow to reach 83.54 billion dirhams in 2021, up 15.6% compared to 2020, while Morocco is now asserting itself as the leading exporter of cars to the European Union, underlines the note.
The automotive industry has strengthened its position in the global automotive value chain, with an annual production capacity of 700,000 vehicles, driven by manufacturers Renault and Stellantis, exceeding the target set for 2020, i.e. 600,000 vehicles. know the same source.
Morocco thus became the 2nd car producer in Africa after South Africa. Cars produced in Morocco are destined for more than 74 global destinations, the local integration rate of the automotive industry has reached 63%.
Indeed, the sector has enabled the creation of 180,000 jobs since 2014 and has more than 250 national and international equipment manufacturers and manufacturers.
For Stellantis, the first half of 2022 was characterized by the launch of the entry into service of 225 Citroën AMI on June 14, 2022. In terms of production, Stellantis produced, at the end of August 2021, 95,442 vehicles from the Peugeot 208 range and 10,866 vehicles from the O2X range.
According to Renault, production at its two factories at the end of August 2022 reached 232,643 units.
