The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june 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


Russia has kept the 12th place in the ranking of world automotive markets


AvtoVAZ is ready to establish a joint venture with Chinese suppliers of components

AVTOVAZ is ready to develop cooperation with the Chinese manufacturers of automotive components including the creation of joint ventures in Russia, said the general director of the state corporation "Rosteh", Sergey Chemezov. According to him, AvtoVAZ is interested in suppliers of electrical and electronics, transmissions, suspension parts, components for engines, alloy wheels, seats, bearings and other products. 

The production of these components was already developed in Russia, reminds the executive director of the agency "AUTOSTAT", Sergei Udalov. The Chinese are known as producers of low-cost components, and possibly the plant counts with the help of a joint venture to reduce costs for the purchase of components, says the expert. This is one of the ways of increasing the efficiency of the company in the context of the ongoing fall of the market during the second year and sales of Lada, he recalls. In 2013, the share of costs of AvtoVAZ for the purchase of materials and components in the cost of sales was 120.7 billion Rubles under IFRS (74% of the cost), the loss for the year - 7.9 billion Rubles. In 2014, the company expects to work with a profit, wrote the newspaper "Vedomosti". 

If AvtoVAZ will create a joint venture with partners from China, then these projects will be sporadic, top managers of the two companies-suppliers are sure. A statement of readiness of AvtoVAZ to develop cooperation with Chinese companies in addition to political overtones (in light of improving of Russian-Chinese relations) looks like the trying to improve conditions for the plant of current supplies, they say. Interlocutors of "Vedomosti" remind us that from the beginning of year, AvtoVAZ is trying to get from the suppliers, in addition to various concessions, the reduction of prices by 5%. This decrease was not accepted by mainly companies, they agreed only with the request to increase the delay of payments, they notice. 

Currently AvtoVAZ collaborates with such companies as Ling Long, Mahle China and Toyota Tsusho Corporation (supplier from around the Asian market, including China). These companies supply tires, valves for engines and other parts for automobile production.

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