The privatization of UzAuto Motors will be conducted openly and on a competitive basis. Individual companies, including American General Motors, will not be granted preferences or priority rights to acquire the asset.

This was announced by the press service of the Agency for State Asset Management.

Participation terms

"Any investor meeting legislative requirements can participate — no preferences or priority rights for individual companies are provided," the agency stated.

The asset sale is planned through international bidding ensuring openness and transparency of the process.

99.7% of UzAuto Motors and 100% of UzAuto Motors Powertrain are being prepared for sale.

Why the GM question arose

Context explains the topic's relevance. The alliance agreement with General Motors, granting the enterprise the right to produce Chevrolet vehicles, was signed in October 2017 for a ten-year term — expiring in 2027.

GM itself exited the enterprise's capital in 2018. After that, the model range changed significantly: previous models were replaced primarily by vehicles developed using Chinese components.

An additional factor: in November 2025, the U.S. State Department reported that Washington and Tashkent would explore opportunities to expand partnership in connection with the upcoming sale of the enterprise.

Quality over speed

Deputy Director of the agency Alisher Miraliyev previously noted: the tender announcement timeline depends on consultant readiness and investor activity.

"We are interested in accelerating this process," he said, but added an important clarification: in privatization, it is important not merely to sell the asset quickly, but to attract a specialized investor capable of continuing the enterprise's development.

Timeline coincidence

The chronology is noteworthy: the expiration of the alliance agreement and the asset's placement for bidding occur around the same period.

For a potential buyer, this means the need to independently address technological partnership and model range issues after 2027 — a factor that will be considered when determining the price.

Privatization is conducted as part of a general program: assets worth approximately 100 trillion sums are planned to be put up for auction, including state stakes in 62 enterprises in 2026–2027.

For the capital market, the transaction format matters: the tender involves selling to a strategic investor rather than placement among a wide range of buyers. This determines whether retail investors will have the opportunity to track company stock prices on the exchange.

This material is for informational purposes and is not an investment recommendation.