We present the ten most profitable car dealers for 2022-2023.


Introduction: While Georgia does not have in-house car production, the car sector is one of the largest in terms of imports and exports. Recently, passenger vehicles have accounted 15% of total imports, with over half being re-exported, making up 36% of total exports.

1. GT Motors

Margin: 20.1%

Profit: 59.2 million

Capital: 307.6 million

Assets: 176.6 million

The company «GT Motors» has been operating in the car industry since 2007 and officially represents the brands of BMW, MINI, Ford, Land Rover, Jaguar and Suzuki in Georgia. GT Motors Co., Ltd is owned in equal parts by Giorgi Gvelesiani, Giorgi Tavdishvili and Temur Ustiashvili. In 2023, GT Motors' revenue soared by 68.9%, the profit for this period increased by 55.7%.

2. France Auto

Margin: 19.2%

Profit: GEL 5.7 million

Revenue: GEL 29.4 million

Assets: GEL 19.0 million

95.24% of the shares in France Auto are owned by Giorgi Tsnobiladze through a company registered in France. The company imports and sells Renault cars in Georgia. In 2023, the company’s cash flow grew slightly. Revenues increased by 27.8%, profits by 31.8% during this period.

3. Auto Center Tbilisi

Margin: 15.7%

Profit: GEL 5.5 million

Revenue: GEL 36.1 million

Assets: GEL 14.3 million

«Tbilisi Auto Center» is Skoda representative in Georgia, focused on the corporate segment of the Georgian market. Zurab Tuquadriza and David Gogorishvili own 50% of the company’s shares. Recent years have been unfavorable for the company. In 2023, the revenue of «Autocenter Tbilisi» increased by only 3%, annual profit decreased by 3.1%.

4. Kia Motors

Margin: 15.4%

Profit: GEL 9.9 million

Revenue: GEL 57.0 million

Assets: GEL 31.9 million

The official distributor and dealer of the Korean car brand KIA in Georgia is Kia Georgia LLC, 20% of which is owned by Zurab Tukvadze and David Gogorishvili. The remaining shareholders of the company are Zurab Kordzadze (21%), Irakli Giorgobiani (15%), Ekaterina Tinwaleli (12%) and Rati Kovziridze (12%). The company’s financial position improved in 2023, in the reporting period profits increased by 64.7%.

5. Mercedes Benz

Margin: 15.1%

Profit: GEL 33.6 million

Revenue: GEL 212.3 million

Assets: GEL 93.5 million

Behind this name is LLC "Aka", founded in 1996, which is engaged in the sale and service of Mercedes-Benz cars. 46% of LLC "Aka" is owned by Luiza Tavartkiladze, 27% by Maka and Salome Asatiani each. 2023 was a successful year for the company, as profit soared by 78.2% compared to the previous year. Revenue grew by 61.3%.

6. Toyota Center (Tbilisi)

Margin: 12.6%

Profit: ₾ 25.2 million

Revenue: ₾ 254.0 million

Assets: ₾ 51.0 million


Toyota Center Tbilisi LLC was founded in 1997. Since 1998, it has been an authorized center of Toyota in Georgia, becoming the first official dealer of Toyota. Toyota Center Tbilisi is owned by Davit Takidze (33.3%), Irakli Gurchiani (29.2%), Teona Takidze (12.5%), Lasha Guliashvili (12.5%) and Giorgi Guliashvili (12.5%). In 2023, the company's revenues increased by 35.1%, but profits decreased by 12%.


7. Iberia Auto

Margin: 12.2%

Profit: ₾ 12.9 million

Expenses: ₾ 92.3 million

Assets: ₾ 57.5 million

Iberia Auto Center LLC is the official importer of Audi cars in Georgia. The company's shares are owned by Davit Khechikashvili (40%), Davit Peradze (35%), Tamar Gvazava (15%), Snezhana Kotova (5%) and Zurab Tukvadze (5%). In 2023, Iberia Auto had 15.7% and 56%% growth in revenue and profit.


8. LT


Margin: 10.3%

Profit: ₾ 27.9 million

Revenue: ₾ 243.4 million

Assets: ₾ 25.3 million

LT LLC is a company founded in 2017, 100% of which is owned by Swiss citizen Rauf Khalilov. The company is the official Lexus dealer in Georgia. 2022-23 was particularly successful for the company. In 2023, LT LLC's revenues increased by 119.7%, a 174.3% increase in profit was recorded during this period.

9. Hyundai Auto

Margin: 10.2%

Profit: ₾ 14.1 million

Revenue: ₾ 100.3 million

Assets: GEL 58.0 million

The 100% owner of JSC «Hyundai Auto Georgia» is David Giorgobiani. The company represents the Korean brand Hyundai in Georgia, auto trading is the main activity of the company . In 2023, the company’s revenue dropped by 6%, but despite this, the profit for the year highrocketed by 109.8%.

10. Tegeta Motors

Margin: 5.1%

Profit: 81.1 million

Capital: 1378.2 million

Assets: 958.8 million

The company has been operating in the market since 2001, 92.2% of shares are owned by Temura Kokhodze. The company employs more than 2.6 thousand people. Tegeta Motors LLC owns several subsidiaries through which it operates in the car sector. In 2023, the company’s earnings rose by 97.8% while revenue grew by 45%.