In July 2023, Russia produced 41,100 cars, a figure that is 2.1 times higher than July of the previous year. This growth is noted in a Rosstat-based report cited by vedomosti.ru, reflecting a rebound in activity for the country’s automotive sector.
Even with the July year-over-year rise in passenger car output, June data showed a 4.3% slower dynamic. Since the start of the year, Russia has manufactured 244,000 passenger cars, a level that surpasses the first seven months of 2022 by 18.6% and points to renewed momentum in production across the period.
July also brought a strong performance from the truck segment, with production up 29% to 12,400 units compared with July 2022. Across January through July this year, truck production climbed 8.7%, totaling 87,400 units and reinforcing the structural importance of light commercial vehicles in the market.
Projections for the coming years outline a substantial path for output in Russia. The forecast for 2024 envisions around 700,000 passenger cars produced, while longer-term plans anticipate total vehicle production reaching about 1.6 million units by 2035. Light commercial vehicle output is expected to reach roughly 84,000 units in 2024 and rise to around 187,000 units by 2035, signaling a shift toward a more balanced mix in the automotive sector.
Earlier statements from the Ministry of Industry and Trade suggested a gradual market recovery for the Russian automobile sector. Officials indicated that sales could climb to approximately 1.3 million vehicles in 2024, a target that would mark a meaningful step forward from prior periods and support broader industrial growth expectations.
These figures and forecasts reflect ongoing adjustments within Russia’s vehicle manufacturing landscape, driven by shifts in demand, investment in plant capacity, and evolving policy climate. Analysts highlight the interplay between production volumes and market appetite, noting that near-term outcomes will depend on external conditions, domestic demand, and the pace of modernization across the industry. Attribution: Rosstat data as reported by vedomosti.ru.