Tag "SPIC"
Government will ease the localisation requirements for new Special Investment Contracts
Interfax.- The localisation requirements for automobile production, formulated within the scope of the former framework of the Special Investment Contracts (SPIC 1.0) are not expected to be extended on
Russian government has postponed the utilisation fee payments for car manufacturers
RNS.- The government has postponed the utilisation fee payments of car manufacturers for the first and second quarters of 2020 until the end of the year, according to a
KAMAZ plans to manufacture Euro-6 ecological class trucks
RNS.- Kamaz plans to launch the production of Euro-6 ecological class trucks in August, as stated by the company. “Kamaz is ready to launch the production of the environmentally
Avtotor has revealed its production plan for 2020
Autostat.- Kaliningrad car plant Avtotor plans to maintain the production volume of 2019 in 2020. The relevant statement has been made to Autostat by the press office of the
Government will allocate industrial subsidies for Russian car manufacturers
Autostat.- The Ministry of Industry and Commerce has presented the concept of differentiation of industrial subsidies, which will de facto compensate the utilisation fees for localised manufacturers and ensure
Russian government is studying measures to stimulate the automotive components industry
RNS. The government has approved a plan on the development strategy of the automotive supplier industry until 2025, which proposes the formulation of a number of tax exemptions and
Hyundai plans to open an engine factory in St Petersburg in 2021
Prime.- Hyundai plans to establish an engine factory, manufacturing petrol engines in St Petersburg in October 2021, as stated by the General Director of Hyundai WIA Rus Oh Singhun,
The government has refused to compensate import duties on auto components
Vedomosti.- The government will not be compensating the OEMs and component manufacturers with SPIC for import duties on components, as told by the Deputy Prime Minister: Dmitry Kozak to
Toyota will invest $300 mln in the development of its St Petersburg plant
RusAutoNewsCom.- As reported by the press office of the St Petersburg City Administration, the details of the development of cooperation between the Administration and Toyota Motor have been discussed
Government has approved Special Investment Contract applications of 5 OEMs
Kommersant.- The Interdepartmental Commission on Special Investment Contract (SPIC) has approved the applications of Volkswagen, PSA, GM-AvtoVAZ, Volvo Trucks and Avtotor. The manufacturers have to sign the SPIC by
