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Commercial Vehicle Market in Russia. Results of 2017, Trends and Prospects

Commercial Vehicle Market in Russia. Results of 2017, Trends and Prospects

Exit date 01.03.2018

Format PDF

Price 850 eur.

We introduce the update of marketing report "Commercial Vehicle Market in Russia. Results ...

01 march more info

Analytics

Year 2017 ends with 11,9% car sales market increase

In 2017 new car and LCV sales increased by 11, 9%.

13 marchmore info

Infographics

Rating of automobile brands on the index of trust service center

News

Renault received the absolute control over plant "Avtoframos"

 

By the results of auction the company Renault bought about 5,9% of shares of “Avtoframos” from the government of Moscow. As a result of deal Renault became the owner of 100% of shares of this enterprise. The share of capital authorities in “Avtoframos” was received by Renault at the start price - RUB 1,980,000,000 (about € 49,000,000).

The plant “Avtoframos” was created in 1998 on the parity basement as the joint venture of Renault and Moscow city. In 2004 Renault bought 26% of shares that were belonged to Moscow and in 2006 the share of Renault group in capital of “Avtoframos” was increased to 94,1% by the results of corporative re-organization. 

In 2005 it was opened the plant of full cycle in Moscow, its capacities were doubled in 2010 to 160,000 cars per a year. Renault invested about € 480,000,000 in the development of plant in Moscow. At the present time Renault produces six models in the Russian plant: Logan, Sandero, Fluence, Duster, Latitude and Koleos. The work over production capacities increasing to 188,000 cars per a year is being continued. 

 

 

30.11.12 AUTOSTAT
Source: www.autostat.ru