The report in focus

Truck component and spare part market in Russia

Truck component and spare part market in Russia

Exit date 09.07.2018

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Price 1690 eur.

AUTOSTAT analytic agency presents the report “Truck component and spare part market in Russia”, covering results of 2017.

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News

Vortex Tingo occupied the one third of production of “TagAZ” in the first half of year

 

tagaz conveyor.jpg

Taganrog plant produced 6865 vehicles by the results of the first half of 2012 and it was less by 48,4% than in the previous year (13315 units). The production decreasing in “TagAZ” was provided by the continued shortage of working capital for the purchase of components.  

As the press office of “TagAZ” informed AUTOSTAT agency, the most mass model in Taganrog plant is still crossover Vortex Tingo, which was produced in amount of 2456 units (the falling is 2 times) in the first half of year. So, this model is every third vehicle that was produced in “TagAZ”. It should be remarked that the production of restyling version of Tingo was started in the enterprise from May. 

And the production under brand TAGAZ increased by 2,8% to 665 vehicles and it was provided by the model range increasing – “TagAZ” started the production of sedan C10 and SUV C190 in June and October of the previous year. Besides, the assembly line of enterprise produced 257 of light commercial vehicles TAGAZ LC-10 Hardy for six months of 2012. Also “TagAZ” increased the production of sedan BYD F3 by 74% to 1523 vehicles.

The production of models Hyundai decreased 5 times to 947 vehicles in January-June of 2012, among them 578 vehicles were crossovers Hyundai Santa Fe Classic (-34%). The production of small tonnage trucks Hyundai Porter, the production of which was resumed by “TagAZ” in July of the previous year, was 783 vehicles in the first half of 2012. Besides, it was produced 167 of Hyundai County buses (the falling was 3,5 times) and 9 tractors Hyundai HD.

In April of 2012 Taganrog plant, which has finance difficulties and high accounts payable for the last years, filed a lawsuit of its own bankruptcy to protect itself from creditors and for further financial improvement of company. At the beginning of June there was introduced a procedure of external monitoring for the period of five months. The debt of “TagAZ” to banks-creditors is about 12 billion Roubles. In spite of bankruptcy procedure, “TagAZ” doesn’t refuse its plans of model range development and it is going to launch a new model in autumn – the four door sport coupe TagAZ Aquila.

 

07.08.12 AUTOSTAT
Source: www.autostat.ru