TOFAŞ 2023 ANNUAL REPORT
tofas.com.tr     TR
Menu
ABOUT TOFAŞ

Tofaş’s production capacity, export performance, R&D competencies, and workforce of nearly six thousand make it one of Türkiye’s leading industrial concerns.

Türkiye’s trailblazing automotive manufacturer, Tofaş was founded in 1968. 24.3% of Tofaş’s shares are traded on Borsa İstanbul and are included in both the BIST 30 and the BIST 100 indexes; control of the remaining shares is divided equally between Koç Holding Stellantis. Tofaş’s publicly-traded shares are also included in Borsa İstanbul’s Corporate Governance and Sustainability indexes. Headquartered in İstanbul, Tofaş’s production operations are carried out in Bursa at a plant with 350 thousand m2 of enclosed space situated on nearly 1 million m2 of grounds.

Tofaş’s plant produces the Fiat Egea family’s sedan, hatchback, station wagon. cross and cross wagon models. Tofaş exports more than half of the vehicles it produces to different countries in the world. Committed to being a leading player in all segments of its home market in line with customer expectations, Tofaş offers a broad portfolio of brands and products that include five brands (Fiat, Alfa Romeo, Jeep®, Maserati, Ferrari) for which it is the Turkish representative.

In its capacity as a key production and R&D center for the Stellantis Group, Tofaş contributes directly to the growth and development of Türkiye’s engineering ecosystem by strengthening its own product-development capabilities globally. With its expertise and knowledge in developing vehicles from scratch, the Tofaş R&D Center not only oversees the production of models manufactured at the Tofaş plant but also participates in the product-development processes of different models within the Stellantis Group. The center is likewise a major exporter of engineering services for global product-development projects. Continuing to broaden the scope of its operations by addressing the global demand for automotive software, Tofaş R&D develops connectivity-based mobility solutions. Productivity-driven digital optimization is key to Tofaş’s smart-factory transformation and a strategic priority for the company. To maintain its competitive edge, Tofaş constantly tailors its production practices in response to technological advances and to shifting market needs.

As a corporate member of the National Climate Platform, Tofaş supports the transition to a low-carbon economy. As part of the ongoing carbon-transformation program, Tofaş plans to make its plant net-zero company by 2050. Committed to this goal, Tofaş joined the Science Based Targets Initiative in 2022 and developed a comprehensive roadmap. The company’s path toward being net zero by 2050 includes increasing the use of green materials, expanding electrification in products, implementing energy efficiency projects, and embracing circular economy principles.

Tofaş aims to build upon its sustainable success by leveraging over half a century of experience, robust R&D, technological innovation, and skilled human resources to create value for customers. The company strives to be a global leader that employees and business partners are proud to be associated with.