Automotive market parties establish Egyptian Automotive Council

Bavarian Auto Group Chairman Farid El-Tobgy has established a new entity that would include all the automotive market parties under the name of the Egyptian Automotive Council. The council would include car manufacturers and the feeding industries, amongst others.

El-Tobgy said the automotive sector is undergoing many issues, adding that it cannot overcome all these issues unless there is an entity that would study the decisions made. The entity would also participate in car manufacturing strategies.

He added that one of the most prominent obstacles facing the sector include the indicative prices and the scarcity of the Dollar, in addition to the lack of standard specifications. The 10 specifications currently applied have nothing to do with the automotive industry, according to El-Tobgy.

Hussein Mostafa, former Executive Director of the Alliance of Automobile Manufacturers, decided to create a constituent list of the council that would include the names of the 14 founders, agents, and the secretariat of the council.