Asian Cities News

Domestic car production increased by a third in 2024

Source of photo: unsplash.com
Source of photo: unsplash.com

Krasnodar, June 18. In 2024, the production of domestic cars increased by a third. This was achieved thanks to government support.

In 2024, domestic manufacturers produced 830,000 vehicles, a third more than the previous year. This includes not only passenger cars but also commercial vehicles, buses, and trucks.

To stimulate consumer demand for subsidized loans and leasing, 43 billion rubles were allocated in 2024. The government directed 350 billion rubles to subsidize productions, including those that remained without foreign investors, resulting in the launch of 10 modern facilities.

The head of the government declared the necessity to increase the production of domestic transport, including those operating on alternative fuels. He also mentioned the importance of creating a modern ecosystem around the automotive sector, improving the level of

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