📋 Tender Overview
Project Number
49409
Company Name
Dogus Otomotiv Servis ve Ticaret A.S.
Date ESRS Disclosed
Sep 10, 2025
Country
Turkiye
Region
Central Asia and Turkiye
Last Updated Date
Aug 29, 2025
Environmental Category
B - Limited
Status
Active
Previous Events
Approved : Jul 29, 2025
Signed: Aug 13, 2025
Invested: Sep 4, 2025
Sector
Grocery Retail (Supermarkets, Hypermarkets, Convenience Stores etc.)
Industry
other
Department
Regional Industry MAS MCT
Project Description
IFC is considering a loan of up to €130 million (m) to support Dogus Otomotiv Servis ve Ticaret A.S. ( Dogus Otomotiv or the Company) to finance the purchase of electric vehicles (EV), thereby reducing the proportion of Internal Combustion Engine (ICE) vehicles in its sales mix and finance its working capital and/or other corporate needs (the Project). The company is publicly listed on the Istanbul Stock Exchange (ISE) and a subsidiary of Dogus Holding of Türkiye where Dogus Holding remains the majority shareholder.
Dogus Otomotiv was founded in 1994 as Dogus Holding’s automotive distribution, sales, and service arm. The company operated as a private entity up until 2004, when it went public on the ISE and has been publicly trading since then. Dogus Otomotiv has approximately 2000 employees and three subsidiaries: Dogus Oto Pazarlama ve Ticaret AS, the retail outlet of Dogus Otomotiv, Dogus Sarj Sistemleri Pazarlama ve Ticaret AS (D-Sarj), a recently established electric vehicle charging network company, and Dogus Gayrimenkul Yatirim Ortakligi A.S., a recently acquired real estate investment trust company. Dogus Oto offers sales of new vehicles, used vehicles, spare parts, accessories, and after-sales services for seven brands of vehicles (VW Passenger Car, Audi, Seat, Cupra, Skoda, Porsche and VW Commercial Vehicle brands) in the provinces of Istanbul, Ankara, Bursa and Kocaeli .
Overview of IFC's Scope of Review
IFC’s E&S review of this investment included (i) site visits to Dogus Otomotiv`s headquarters (HQ) and logistics center in Kocaeli, including the vehicle distribution areas in Sekerpinar, Kocaeli, Authorized Dogus Oto Dealers and Service Centers in Esenyurt and Maslak, Istanbul in May 2024; (ii) meetings with company representatives, including Integrated Management Systems (IMS) manager, human resources (HR) manager, warehouse manager, sustainability team and procurement department at HQ, Dogus Oto Regional Director, service engineers responsible for environmental management, occupational health and safety (OHS) specialists and energy managers of Esenyurt and Maslak authorized dealers; (iii) interviews with selected employees; and (iv) review of E&S documents and information provided.
