Saturday, July 4, 2015

Media reported about a possible increase in scrapping subsidies – RBC

The Russian government may increase the program of state support the Russian automobile industry after separation on the eve of an additional 5 billion rubles, wrote on Saturday, the newspaper “Kommersant”. According to the newspaper, the issue of increasing state support the domestic auto industry will be presented at a meeting with Dmitry Medvedev in mid-July.

According to the published in the government’s decision on Friday, an additional 5 billion rubles allocated under the compensation autoconcerns “part of the cost on production “in the framework of the subprogram” Automotive “state program” The development of industry and increase its competitiveness. ” We are talking about compensation plants discounts provided under the program of recycling and trade-in.

The newspaper reminds that in March, the government has allocated for the program of 10 billion rubles, which were calculated only for the first quarter. But in late March, the head of the Industry and Trade Denis Manturov said that the program develops “not as dynamic as last year” and 10 billion rubles “enough” until mid-May.

Sources of publications on the market claim that the isolated an additional 5 billion rubles will be spent to cover the discounts to those producers who have coped with the sales plan in the first quarter and for the informal guarantees for compensation Minpromtorga discount program continued in the second quarter. According to the newspaper’s sources, primarily the allocated funds will be directed factories AvtoVAZ, Nissan, Renault, UAZ, GAZ Group and Hyundai.

As previously wrote RBC, in July, several automakers have reduced or even turned the recycling program and trade-in . The reason was that some of them have already reached their limits of the allocated budget, and some close to it.

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