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Russia’s largest carmaker may start promoting its cars in Europe

State delivery subsidies are required for Avtovaz’ Lada Xray crossover to appear on the German market

© Alexandr Demyanchuk/TASS

MOSCOW, February 18. /TASS/. Russia’s largest carmaker Avtovaz may start promoting its cars in Europe, a senior federal official told reporters.

For this purpose special subsidies can be allocated for the delivery of cars to the ports, the official added.

"If you look at the car industry, now with the current exchange rate there is an opportunity at to conquer foreign markets. We should do it. It will probably require a special decision on subsidies for the delivery of products to ports,"- the official said, adding that "there are opportunities on the EU market."

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According to the source, the company will receive support from the state in 2016.

"Avtovaz will receive the support of the state. There are different options, "- he added.

As previously reported, Avtovaz’ Lada Xray crossover will go on sale on the German market in early 2017.

Overview of the Russian car market

The like-for-like car production in Russia dropped 40.4% in January 2016 to 48,400 vehicles according to the Russian statistical agency Rosstat.

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Analysts: hard-hit Russian car market will take years to recover

Production of trucks (including chassis but net of dump trucks) fell 11.1% to 2,400 during the reporting period. Production of buses swamped 14.2% year-on-year to 684 within the same period, Rosstat said.

Russia’s car production fell 27.7% year-on-year as of 2015 year-end to 1.2 mln.

Autovaz and Kamaz are the largest national manufacturers of cars and trucks in Russia respectively.

According to Russian Prime Minister Dmitry Medvedev, the government will allocate 140 bln rubles ($1.8 bln) to support the car industry.

Read also

Russian economy in lingering recession, hoping for recovery

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