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The Ministry of Industry and Trade has summarized the results of car production in 2023

  • January 15, 2024
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Production of vehicles from all segments increased by 16% in Russia last year – to more than 720,000 vehicles. At the same time, dealers sold more than 1.3

The Ministry of Industry and Trade has summarized the results of car production in 2023

Production of vehicles from all segments increased by 16% in Russia last year – to more than 720,000 vehicles. At the same time, dealers sold more than 1.3 million new cars.

As TASS reports, the head of the Ministry of Industry and Trade, Denis Manturov, announced these figures during a meeting of Prime Minister Mikhail Mishustin with deputy prime ministers, to which he also belongs. At the end of last year it was announced that after the introduction of sanctions, 50% of car factories in Russia are still idle without work. Despite the increase compared to 2022, the total volume of car production is currently still below the level of the previous crises of 2009-2010 and 2015-2016.

In 2022, there were 21 major car factories operating in Russia; the companies produced both mass production and premium models. Of these, ten assembly sites were controlled by car manufacturers from countries later recognized by Russian authorities as unfriendly. Another six, including AVTOVAZ and Avtotor, assembled cars from foreign manufacturers. The sanctions led to the closure of almost all production. Soon the production of Russian cars resumed, and the places of foreign players who left our market were taken by domestic investors.

As TASS reports, the head of the Ministry of Industry and Trade, Denis Manturov, announced these figures during a meeting of Prime Minister Mikhail Mishustin with deputy prime ministers, to which he also belongs. At the end of last year it was announced that after the introduction of sanctions, 50% of car factories in Russia are still idle without work. Despite the increase compared to 2022, the total volume of car production is currently still below the level of the previous crises of 2009-2010 and 2015-2016.

In 2022, there were 21 major car factories operating in Russia; the companies produced both mass production and premium models. Of these, ten assembly sites were controlled by car manufacturers from countries later recognized by Russian authorities as unfriendly. Another six, including AVTOVAZ and Avtotor, assembled cars from foreign manufacturers. The sanctions led to the closure of almost all production. Soon the production of Russian cars resumed, and the places of foreign players who left our market were taken by domestic investors.

Source: Avto Vzglyad

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