The Russian government continues to watch with keen interest the rising demand among buyers for domestically produced vehicles. In response, the Ministry of Industry and Trade is outlining new support initiatives designed to bolster local car production and accelerate the recovery of the domestic auto sector. This was discussed by Albert Karimov, deputy head of the ministry, during parliamentary hearings on the current state and future prospects of the national automotive industry, held in the Federation Council.
Karimov indicated that officials are actively exploring additional policy instruments to stimulate consumer demand for Russian-made cars. He noted that there are two to three new proposals under consideration, with concrete mechanisms expected to be proposed in the near term. The aim is to broaden the range of incentives available to buyers and to ensure that the industry can sustain momentum as production scales up across regions.
In terms of existing programs, authorities stressed that the measures already in place to support domestic demand remain effective. Key tools include preferential car loans and favorable leasing terms, which have helped maintain demand during the current cycle. As part of the budget plan for this year, roughly 20.7 billion rubles are allocated to these state programs, reinforcing the government’s commitment to keeping the domestic automotive sector competitive and accessible to a broad base of customers.
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Source: Prime