Russia is developing a new state-supported programme to develop local automotive production sufficient in capacity to meet 80% of demand across the country by 2035
The main objectives of the new strategy are to stimulate domestic production and demand through state support and establish the country’s automotive components industry. Meeting these objectives would require 500 to 600 billion roubles ($8.5 to $10 billion) to be allocated until 2035. A similar figure is planned to be assigned to support the Russian automotive exports.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
By creating your account you will be able to stay up-to-date with the latest industry developments, trends and analysis, read in-depth reports and intelligence, and connect with your peers.
Creating an account gives you:
Gain access to our exclusive content and features register free today
Non-registered users are able to access one AL exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
Lower energy prices in 2023 have been shown to be a key factor in helping to control operational costs for parts makers in Europe
Mercedes-Benz Group has finally sold its 15% stake in Russian truck manufacturer Kamaz to an unnamed buyer following the cessation of cooperation in February 2022
The German locomotive drivers’ union GDL is calling for a six-day strike that will impact cargo and passenger services across the country
![Global[1]](https://d3n5uof8vony13.cloudfront.net/Pictures/web/a/d/s/global1_726550.svgz)
