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Karsan Otomotiv A.S. (Turkiye)

Main Activities: Light Truck and Utility Vehicle Manufacturing | Travel Trailer and Camper Manufacturing
Full name: Karsan Otomotiv Sanayii Ve Ticaret Anonim Sirketi Profile Updated: January 15, 2026
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Karsan Otomotiv Sanayii ve Ticaret A.S. is a firm based in Bursa, Turkey, that was founded in 1966. The company operates in the manufacturing and industrials, mobility and transportation, and motor vehicle manufacturing industries. Their range of products and services includes electric buses, luxury motor vehicles, electric vehicles, motor vehicles, buses, manufacturing, and trucks. Karsan employs a workforce of 1,001-5,000 people. They specialize in the production of minibuses, vans, electric buses, light commercial vehicles, and trucks. Since 1981, Karsan has been involved in commercial vehicle production at their factory in Hasanağa, Bursa. Their flexible installation allows them to manufacture various types of vehicles, from passenger cars and heavy trucks to minivans and buses. Karsan has been the sole independent multi-brand vehicle manufacturer in Turkey for over 50 years. Their future plans involve developing customized versions of new and existing vehicles to expand their presence in cargo and passenger transportation. Karsan manages the entire automotive value chain, including R&D, manufacturing, marketing, sales, and after-sales activities. They also offer industrial services such as cataphoresis coating, part printing, painting, and cabinet manufacturing, as well as marketing, after-sales, and financial leasing services. With 54 years of experience in the Turkish automotive industry, Karsan manufactures their own vehicles and parts for leading brands in the commercial vehicles sector. Karsan Otomotiv Sanayii ve Ticaret A.S. is engaged in the production and sale of automotives, as well as related vehicles and spare parts in Turkey.

Headquarters
Hasanaga Organized Industrial Zone Hosab Industial Street, Nilufer
Bursa; Marmara; Postal Code: 16280

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Website: http://www.karsan.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
August 27, 1966
Key Executives
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Chairman
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Chief Executive Officer
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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39.44%
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7.11%
Subsidiaries
Hervouet Corporate Industry (Hci)
Hervouet Corporate Lease (Hcl)
Karsan Europe S.R.L
Company Performance
Financial values in the chart are available after Karsan Otomotiv A.S. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TRY. Absolute financial data is included in the purchased report.
Net sales revenue
37.55%
Total operating revenue
33.81%
Operating Profit/Loss (EBIT)
N/A
EBITDA
166.04%
Net Profit/Loss for the Period
19.61%
Total Assets
38.63%
Total Equity
30.5%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
5.97%
Return on Equity (ROE)
6.9%
Debt/Equity
9.2%
Quick Ratio
-0.06%
Cash Ratio
-0.08%

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