Russian government expects 13% growth in automotive industry in 2018

Russian government expects 13% growth in automotive industry in 2018

 

RusAutoNewsCom. – Russian government expects 13% growth in automotive industry in 2018, as reported by RNS. According to a presentation of the Deputy Minister Alexander Morozov, the Ministry of Industry and Commerce forecasts a production figure of 1.75 million cars in Russia in 2018: 200,000 vehicles or 12.9% more than the production in 2017.

As previously published, 1.55 million transport vehicles (passenger cars, commercial vehicles, buses) have been manufactured in Russia in 2017.

Morozov also informed that the manufacturers have invested 69 billion rubles in 2017 in the automotive industry in Russia. The Ministry predicts an investment volume of 81.3 billion rubles in 2018, 18% more than in previous year.