Deputy PM: “The government support on car production will continue in Russia”

Deputy PM: “The government support on car production will continue in Russia”

RBK – The government support on car production will continue in Russia, as stated by the Deputy Prime Minister Arkady Dvorkovich, at the launching ceremony of the production of the new crossover: Renault Kaptur. Dvorkovich has highlighted the importance of manufacturing Russian automobiles not only in the production sites of the country, but also beyond its borders. “The process has already begun. I’m sure that automobiles manufactured here, in this factory, will be on the markets and roads of many countries in the world.”

Earlier, during his speech at the meeting of the Russian Engineering Union, the president of RF: Vladimir Putin has stated that 137.7 billion rubles will be allocated for the support of domestic car industry, from the federal budget. “137.7 billion rubles will be allocated for the support of automobile industry, within the frame of the anti-crisis plan for 2016, including the additional 49 billion rubles” – said the head of the government.

The support measures include the subsidies on the renewal of the transport vehicles park and operational services, preferential leasing programmes, car loans and the stimulation of demand for gas engine vehicles.

The Minister of Industry and Commerce Denis Manturov expects an increase in the pace of light commercial vehicles and buses. The minister has underlined the fact that the positive expectation is due to direct government purchases and the revival of the corporate sector.

According to Manturov, the department expects a shrinkage in car production volume in 2016. “The shrinkage will probably be around 10%. First of all, we are talking about passenger transport, since it dominates the total automobile market” – stated the minister.

“Based on the current results, we, of course, managed to reduce the shrinkage rate. Every second car sold in the market has found its owner through government support” – added the government official.