Temsa sales in Europe grew 75% in 2023, with “252% turnover growth in 2020-2023”

Temsa announces it has achieved a 252% turnover growth during the 2020-2023 period, with a sales volume of 3,391 units last year. The Turkish company, since end 2020 under the umbrella of the joint venture of Sabancı Holding-PPF Group, states it closed the year 2023 with a total revenue of 387.5 million dollars.

With the imminent production of our intercity hydrogen bus, showcased at Busworld Europe a few months ago, boasting a range of 1,000 kilometers, our portfolio will soon include 10 different zero-emission vehicles, comprising 8 electric and 2 hydrogen models. In this regard, we stand among the global companies offering the highest number of zero-emission vehicle alternatives to customers

Temsa CEO Tolga Kaan Doğancıoğlu

According to data from Chatrou CME Solutions, Temsa registered 658 buses over 8 ton in Europe last year, growing 75% on the 305 rolled out in 2022.

Temsa volumes in Europe are growing

Temsa CEO Tolga Kaan Doğancıoğlu states: “We have achieved outstanding results in the markets we prioritize, such as Europe and the USA. We have crafted a Temsa that listens to customers more attentively, rapidly develops vehicles and technology based on their feedback and remains a steadfast partner not only during sales but also in post-sales processes. While reinforcing our competencies in these areas, we continue to offer innovative services in finance and service sectors to our customers. In this regard, we have introduced the Temsa Finance solution to meet the financing needs of our customers in the USA and Turkey. Our customer-centric approach has positively influenced sales figures. Leading among our priority markets, North America showed a growth performance of 36%, while we achieved growth rates of 31% in the EMEA region and an impressive 78% in Western Europe.”

Tolga Kaan Doğancıoğlu added that they collaborate with global platforms such as CDP, SBTi, Global Compact, and Ecovadis to develop their business processes and models with a focus on sustainability. He concluded by stating, “Last year, we earned the Environmental Product Declaration (EPD) for our Avenue Electron bus, making us the sixth manufacturer in the world to receive this certificate through a bus. Now, with our CDP reporting results, we have been included in the Climate Change A List in our first application year. All these are indicators of our sincerity, seriousness and determination regarding sustainability.”