PRAGUE (Reuters) -- The Czech car sector's revenue rose 15 percent to a record 991 billion crowns ($41 billion) in 2014, the country's Automotive Industry Association (AutoSAP) said.
Exports in the sector also grew 15 percent to 845 billion crowns last year, AutoSAP said on Friday.
The car industry -- whose 2014 revenue is just below this year's planned state budget spending of 1.2 trillion crowns -- is a major driver for the Czech economy, accounting for a quarter of manufacturing and almost a quarter of exports.
Volkswagen subsidiary Skoda is the biggest Czech carmaker and largest exporter.
Hyundai and TPCA -- a joint venture between Toyota and PSA/Peugeot-Citroen -- are the other car producers in the country, which is also home to a vast supply chain.
Car production reached a record 1.25 million vehicles in 2014, up 11 percent, because of the recovery in Europe and elsewhere.
AutoSAP has said it expects production to increase further this year, although at a lower growth rate than in 2014. Last year, the Czech economy grew by 2.0 percent, and increased by 4.2 percent year-on-year in the first quarter, the second fastest expansion pace in the European Union.