Istanbul, Türkiye, September 1st, 2025—IFC today announced it would provide €100 million in loan financing to Doğuş Otomotiv Servis ve Ticaret A.Ş. (Doğuş Otomotiv), a leading automotive distributor and retailer, to enable it to expand the electric vehicle market and support skilled jobs in Türkiye.
The investment will help Doğuş Otomotiv purchase and distribute electric vehicles across Türkiye, while supporting continuous investments in sales growth and maintenance capabilities. By increasing the availability of electric vehicles, the loan will make sustainable mobility more accessible, reduce dependence on imported fossil fuels, and lower greenhouse gas emissions.
“Our collaboration with IFC reflects global confidence in Doğuş Otomotiv’s environmental and social performance,” said Kerem Talih, Chief Financial Officer of Doğuş Otomotiv. “The loan will enable us to accelerate our investments and lead the development of Türkiye’s electric vehicle ecosystem.”
“This collaboration marks the beginning of our partnership with Doğuş Otomotiv, reflecting IFC’s ongoing commitment to supporting the development of Türkiye’s automotive sector,” said Ashruf Megahed, IFC Regional Industry Head, Manufacturing, Agribusiness and Services in the Middle East and Central Asia. “By helping to expand the availability of electric vehicles and foster local job creation, we are promoting sustainable growth and innovation in Türkiye’s automotive industry, one of the region’s most dynamic markets.”
Türkiye’s automotive retail market is among the largest and most dynamic in the Middle East, Central Asia, and neighboring regions. The rapid expansion of the electric vehicle market presents significant opportunities for skill development and job creation, especially in a sector where low-skilled employment has dominated. Doğuş Otomotiv’s investment in electric vehicles and related services will help create new skilled jobs and promote higher sustainability standards in the sector.
About Doğuş Otomotiv
Approaching sustainability as a strategic management model, Doğuş Otomotiv strives to be one of the key actors in sustainable development. In line with the 10 principles of the United Nations Global Compact, which it signed in 2010, and by delivering sustainability performances that contribute to the United Nations Sustainable Development Goals, the company moves closer to achieving its targets with each passing year.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
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