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05 Apr
13:51

Russia eyes increasing car production in 2024

Russia’s Ministry of Industry and Trade expects automotive production in Russia will exceed 800,000 units in 2024 and sales will surpass 1.32 million, industry and trade minister Denis Manturov told Russian state media. Automotive sector production in 2023 rose 16% on-year to 724,000 units, meaning 2024 should see 16% on-year growth, Kallanish notes. The first quarter saw production of around 214,000 cars and sales of 350,000. “I think that if we move…
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