Temsa is continuing to accelerate its international expansion with strong and steady growth, the company reports. Over the past four years, it has achieved a 320% increase in revenue, reaching $462.1 million by the end of 2024. The company says that the milestone underlines its growing footprint in key global markets, particularly across the United States and Europe, where demand for its mobility solutions continues to rise. Operating under the Sabancı Holding-PPF Group umbrella since late 2020, Temsa reports its highest sales volume in a decade, setting new benchmarks in 2024 despite global economic challenges.
In 2024 alone, the company recorded a 49% sales increase in the United States, 32% growth in France, and a 54% expansion in Western Europe, marking its strongest performance in these regions. Commenting on Temsa’s growth, CEO Evren Güzel emphasised
the company’s resilience and agility in an evolving market.
“The mobility industry has faced significant disruptions, yet Temsa has continued to expand its global footprint and strengthen its market position,” she said. “Our latest performance not only highlights our ability to navigate uncertainty but also reaffirms our status as
a leading brand in commercial transport.”
Temsa’s revenue climbed to its all-time high of $462.1 million in 2024, with 68% of earnings generated from international markets. “We have solidified our position as a truly global brand, with the majority of our revenue now generated from international markets,” Evren added. Reflecting on Temsa’s transformation, she noted that 2020 was a pivotal year for the company. “Joining the Sabancı-PPF partnership and emerging from restructuring were critical milestones for Temsa. Since then, we have tripled our revenue in USD terms, positioning ourselves as a financially robust and strategically agile player in the industry,” she said.
A key development in 2024 was Temsa’s successful securing of a €90 million syndicated loan from a consortium of five banks, which allowed the company to exit its 2020 restructuring agreement and accelerate its global growth initiatives. “This financial flexibility empowers us to lead the shift toward zero-emission mobility, invest in cutting-edge technology, and further cement our position as an industry leader,” Evren explained.
Looking ahead, Temsa says it is focused on transforming into a comprehensive mobility solutions provider. “We aim to go beyond being just a vehicle manufacturer. Our vision is to be recognized globally as a pioneering mobility brand,” she said. “At the heart of our strategy is a commitment to customer-centric innovation. We aim to be a partner on every journey, offering cutting-edge, sustainable mobility solutions. Our long-term vision is clear: Temsa is on track
to reach $1 billion in revenue as a future-forward mobility leader.”
