Otokar Otomotiv ve Savunma Sanayi AS - Company Profile
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Otokar Otomotiv ve Savunma Sanayi AS (Otokar) is a vehicle manufacturer. The main activity of the company in the manufacturing and selling of commercial and defense vehicles. Its products include off-road vehicles, unmanned robotic vehicles, SUVs, wheeled and tracked armored vehicles, minibusses, midi buses, autobuses, trailers, semi-trailers, light trucks, cross-country vehicles, and turret systems. It also provides tailor-made solutions according to customer-specific requirements by using its technologies, design, and applications; and also offers spare parts and services. The company provides products and solutions to transport companies, militaries, NATO, and the UN in Europe, South America, Africa, and Gulf regions. Otokar is headquartered in Istanbul, Turkiye.
Headquarters
Turkey
Address
Aydinevler Mah. Saygi Cad. No:58 Maltepe, Istanbul, Istanbul-I (Thrace), 34788
Website
www.otokar.com.tr
Telephone
90 216 4892950
No of Employees
3,659
Industry
Automotive
Ticker Symbol & Exchange
OTKAR.E (IST)
Revenue (2024)
$1.3B
-13.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-209.3%
(2024 vs 2023)
Market Cap*
$741.4M
Net Profit Margin (2023)
XYZ
-226.9%
(2024 vs 2023)
* As of and is in US$
Otokar Otomotiv ve Savunma Sanayi AS premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Armored Vehicles | Vehicle Aftersales Services |
| Minibuses | |
| Autobuses | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In June, the company acquired 96.77% stake in Automecanica for EUR85 million. |
| 2026 | Corporate Changes/Expansions | In May, the company launched a new spare parts brand, Otokar Spectra. |
| 2025 | Contracts/Agreements | In December, the company secured a contract, worth US$83.6 million, for its COBRA II 4x4 tactical armored wheeled vehicle. |
Competitor Comparison
| Key Parameters | Otokar Otomotiv ve Savunma Sanayi AS | Stellantis NV | Bayerische Motoren Werke AG | Mercedes-Benz Group AG | Anadolu Isuzu Otomotiv Sanayi ve Ticaret A.S. |
|---|---|---|---|---|---|
| Headquarters | Turkey | Netherlands | Germany | Germany | Turkey |
| City | Istanbul | Hoofddorp | Munich | Stuttgart | Kocaeli |
| State/Province | Istanbul-I (Thrace) | Noord-Holland | Bayern | Baden-Wurttemberg | Kocaeli (Izmit) |
| No. of Employees | 3,659 | 258,668 | 154,540 | 152,528 | 2,952 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yildirim Ali Koc | Chairman | Executive Board | 2015 | - |
| Ahmet Serdar Gorguc | Director | Non Executive Board | 2006 | 66 |
| Selin Ayla Unver | Vice Chairman | Executive Board | 2019 | - |
| Ibrahim Aykut Ozuner | Director; Manager | Executive Board | 2025 | - |
| Ugur Sedef Vehbi | assistant general manager | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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