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07-30-2012

NAPAC: Business Seminar

A business seminar organized by the National Association of Automotive Components (NAPAC), the Association of Automotive Component Manufacturers of India (ACMA) and the Trade Delegation of the Russian Federation in India brought together Russian manufacturers of automotive components to discuss the prospects of the mutually advantageous cooperation in the production and supply of auto components in Russia. Particular attention was paid to the analysis of the world, Russian and Indian automotive industries as drivers of the market of auto components.

The results of 2011 show that the volume of production of vehicles in Russia grew by 40% compared with 2010, reaching nearly two million units. The bulk of production (87.4%) accounted for the production of passenger cars, whose production increased by 44.8% compared with the 2010 production of vehicles totaling 204.4 thousand units. Thus in 2000, 93% of all new cars in Russia were accounted for in the domestic brands, and only 7% were imported. However, the arrival of foreign manufacturers in Russia has completely changed the picture. In 2010, they accounted for 30% of new cars. According to experts at NAPAC, this segment has the highest potential for growth in the Russian automotive market.

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