The report in focus

Passenger car market in Russia. Results of 2021, trends and prospects

Passenger car market in Russia. Results of 2021, trends and prospects

Exit date 29.03.2022

Format PDF

Price 900 eur.

The report contains detailed information on the last year’s passenger car sales, their dynamics and structure, market capacity, its price parameters, segmentation, etc.

29 march more info


Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info


How the share of brands from different countries has changed in the Russian market in 2021


Great Wall will begin the construction of the plant in Tula region in August

Chinese automaker Great Wall Motors (GWM) in August will begin the construction of the plant in Tula region. Enterprise with a capacity up to 150 thousand cars will be built in the territory of industrial park Uzlovaya”, where the Chinese automaker will receive benefits for ten years - zeroed property tax and income tax at 15.5%.

GWM and the Government of Tula region signed an agreement on the construction of plant on May 20th. Investment in the project is estimated at 18 billion rubles, wrote the newspaper “Kommersant”. The launch of plant is planned for 2017; it will be completed finally by 2020. The plant will include stamping shop, welding, painting, assembly and manufacture of parts. Number of new jobs -is about 2500. At the plant in Tula region Chinese automaker intends to produce cars under the brand Haval. It is expected that at the end of 2016 Great Wall will launch the production of engines in the Tula region.

Now GWM assembled in Russia SUVs Great Wall Hover H3, H5 and Wingle pickup by CKD assembly mode at the plant in the village Gzhel of Moscow region. In March of 2014, there were launched additional production facilities in Lipetsk region. But businesses are owned by distributor of GWM in Russia “Irito”. According to the AEB, the share of the Chinese automaker in the Russian market in January-May was 0.7%. For five months sales of brand were 7,000 vehicles, while sales decreased by 21% compared with the same period of the last year. 

Analysts agree that the Chinese have prospects in the Russian market, despite the overall negative trend in sales. Managing Partner of EURussia Partners, Ivan Bonchev, notes that the Chinese brand has opportunities for development, given that GWM is going to move in the popular SUV segment. Sergey Litvinenko of PricewaterhouseCoopers notes that now the SUV segment is the “most relevant market segment”, and he explains that, in assessing of the prospects of the Chinese exit to the Russian market, it is also important to consider the “rapprochement with China at the political level”. Vladimir Bespalov from “VTB Capital” adds that the Chinese automaker will find its “niche among budget cars”, but it will be difficult for GWM to bring immediately the plant to full capacity, the Chinese will be able to sell about 20-30 thousand cars at the initial stage, the analyst believes.

23.06.14 AA "AUTOSTAT"
Source: www.autostat.ru