Government expects a slight increase in car production figures in 2019

Government expects a slight increase in car production figures in 2019


 

TASS.- The Ministry of Industry and Commerce expects the maintenance or a slight increase in car production figures in 2019. The relevant statement has been made by the Minister Denis Manturov, during an interview with the TV channel Russia 24.

“According to our prediction, car production should remain at last year’s level or increase at a small margin” – Manturov said.

Manturov has stated that the Ministry foresees a downward tendency in the vehicle output this year, however, growth may be achieved due to exports.

“Taking car and auto component exports into account, we expect a slight growth in the market. The export figures are positive, following a 20% increase at the end of the first half of the year” – Manturov added.

In September, Manturov has defined the maximum level of growth in car and LCV production as 1.5% for 2019. According to Rosstat data, vehicle production has increased by 1.7% year-on-year within the first half of 2019, amounting to 784,000 vehicles.