Turkey launched a joint venture to produce its first domestically-produced car in capital Ankara on Thursday.

President Recep Tayyip Erdoğan, Prime Minister Binali Yıldırım, and Science, Industry and Technology Minister Faruk Özlü attended the launch of the automobile industry’s joint domestic venture at the presidential palace.

Erdogan announced that five automotive supplier firms -- Anadolu Group, BMC, Kiraca Holding, Turkcell, and Zorlu Holding -- will jointly manufacture Turkey's first home-made car.

The president expressed his gratitude to the firms and promised his "full support" for the venture.

"I will closely follow the developments," he added.

The initiative came after repeated calls from Erdogan for a joint car project of the Union of Chambers and Commodity Exchanges (TOBB), and the Science, Industry and Technology Ministry.

Erdogan said he expected the prototype of the first domestically-produced car to be ready in 2019 and sales to start in 2021.

"I want to own the first automobile, provided that I will pay for it," he said.

"No one should hesitate. We will produce Turkey's car with the best design and technology, both for our country and the world."

The president said it was a shame for Turkey to fall behind in manufacturing its domestically-produced car, noting that over 750,000 automobiles were sold in the country last year.

'Historic step'

"Today, we are taking a historic step to get rid of this shame," he added.

Yildirim said the project "will add new success to the ongoing achievements of Turkey".

According to export figures released in October, export was highest in the automotive sector with over $2.6 billion, he said.

"It is out of the question for Turkey to not produce cars domestically as it has become so competent in the automotive sector."

According to the Automotive Distributors' Association, 423,198 cars were sold in the first eight months of this year; 294,037 of these cars were imported while 129,161 were produced domestically.

Meanwhile, the total number of imported automobiles during the same period shrunk by 25 percent while local manufacturing went up 20 percent, compared with the first eight months of last year.

TOBB President Rifat Hisarciklioglu said the five companies of the consortium have 110,000 employees and that their last year's production is close to 65 billion Turkish liras.

"We will work very hard for 3-4 months. We will analyze alternative technologies and funding opportunities. We will design our state support for this project together with our ministry in accordance with the instructions of our president and we will build our company in the first months of 2018," he said.

Turkey attempted to produce its first domestically-produced car in 1961, called Devrim (Revolution), which was not a success. The production of Devrim cars was halted after first prototypes.

Automotive market in Turkey grows in October The automobile and light commercial vehicle market in Turkey grew by 10.5 percent in October compared to the same period last year, the Automotive Distributors’ Association said Thursday.The association said 91,752 vehicles were sold this October, compared to 83,000 vehicles last October.Some 70,488 automobile were sold this October, compared to 63,746 automobiles last October.Also, 21,264 light commercial vehicles were sold this October, compared to 19,254 last October.In the Jan-Oct term 719,095 vehicles -- including automobiles and light commercial vehicles -- were sold in Turkey. The figure for 2016 was 719,499. So the total market narrowed by 0.06 percent for this term.In addition, by late October, 49 electric cars and 3,252 hybrid cars were sold in Turkey.Hayri Erce, general coordinator of the association said Thursday, that the automotive sector's total market figure in 2018 in Turkey is estimated between 950,000-1 million units.