Russia To Rely On Imported Vehicles As Local Production Struggles To Recover
Autos / Russia / Wed 20 Mar, 2024
Key View
- Russia's automotive market will rely on imported vehicles over 2024-2033 due to sanctions and labour shortages, undoing the progress made in reducing vehicle imports over 2016-2022.
- Russia's passenger vehicle (PV) segment will face the most significant challenges over 2024-2033, as the PV manufacturing industry is starved of