Russian Ministry of Industry and Commerce: “The localisation rate will reach 75% before 2018”

Russian Ministry of Industry and Commerce: “The localisation rate will reach 75% before 2018”

RusAutoNews.Com – During his speech at the conference: “The Future of Russian Automotive”, Alexander Morozov, the manager of Transport Vehicles and Special Purpose Machinery Industry Department at Ministry of Industry and Commerce has reminded that the foreign brands making production in Russia are under the obligation to localise 75% of their production by 2018. This ratio is currently around 45%.

Toyota is the manufacturer with the lowest rate of localisation with 10%. Moscow based Avtoframos has the highest localisation rate with 75%, on the other hand. Renault is followed by GM-AvtoVAZ and Volkswagen with 51% and 42%, respectively.

Alexander Morozov has added that as of 01 June localisation rates will be taken into consideration in public vehicle tenders and car, truck, bus etc. manufacturers, which fail to meet a specific localisation rate, will not be able to participate in the biddings.