Ministry expects sales, output of cars in Russia to rise in Oct - Engineering & Hi-Tech - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Ministry expects sales, output of cars in Russia to rise in Oct

MOSCOW, Oct 29 (PRIME) -- The Industry and Trade Ministry of Russia expects production and sales of all types of new cars to rise by several percentage points in October as compared with the same month of 2019, Denis Pak, head of the ministryТs car industry department, said on Thursday at a meeting with Minister Denis Manturov.

УIn September, the market demonstrated robust growth of 4.5%, while production grew by 5.5%. This is September to September. We will also have growth in October, it will amount to several percentage points as compared with October,Ф he said.

In JanuaryЦSeptember, production of cars in Russia fell by about 25% mainly due to suspension of car plants during the coronavirus quarantine, but now the companies are raising their car outputs, he said.

Pak also said that the ministry planned to issue at least 12.8 billion rubles on support of the car industry in 2021.

УIn 2021, we will continue implementation of systemic state support measures for the car industry. In particular, we plan to allocate about 9 billion rubles to the program of preferential car loans, which would allow us to sell about 90,000 cars, and 3.8 billion rubles on the program of preferential leasing of cars, this is the money that we will start with, and it will translate into around 7,600 cars,Ф he said.

(77.5520 rubles Ц U.S. $1)

End %%md/jst%%

29.10.2020 19:42
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 89.8880 -0.0054 26 nov
USD 75.4727 -0.3419 26 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1224.65 -1.11 14:14 13 nov
micex 3014.25 -0.38 14:14 13 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 179.33 +3.71 13:59 13 nov
lkoh 4854.50 +0.03 13:59 13 nov
rosn 414.30 +0.49 13:59 13 nov
sber 241.46 -0.26 13:59 13 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 91.6275 +0.5075 13:59 13 nov
USDTD 77.4900 +0.2550 13:59 13 nov