Released on = June 6, 2006, 9:46 pm

Press Release Author = RNCOS

Industry = Automotive

Press Release Summary = RNCOS Research:
(http://www.marketsmonitor.com/category/IM036.html) Russia contributes a major sales
share in the world automotive industry. Although competition among domestic
manufacturers is stiff yet the demand exceeds supply. The future holds good for OEMs
as well.

Press Release Body = RNCOS Research:
(http://www.marketsmonitor.com/category/IM036.html) In the automotive industry, the
Russian market has made major sales over the last few years. Situated in an
advantageous location, it has had a successful output growth. Moreover, with a
comparative advantage for highly qualified personnel, cheap labor and attractive
overall conditions, the country has been able to draw a good number of auto makers
and suppliers to its ambit.

Russia expects a growth in its annual sales by 1 Mn vehicle units as it approaches
the new decade. With this rapid growth in automotive market the country would rank
next to China. Other countries stand to lose from this growth to some extent.

Russian domestic manufacturers face a stiff competition. While only 2-3 percent of
the population can afford luxury cars, most car sales are of mid-to-low range
prices. The imported cars, which carry high duty tags, are segregated from the
market. The competition that the Russian manufacturers of mid-to-low range priced
cars face is against the low priced foreign imports. In spite of all these the
Russian demand for automobile exceeds its supply.

Russian automotive market can continue to grow under two considerations. One, the
companies must have employable strategies and a focused management and two Russia
must stabilize its economic and legal framework. Much potential lies with Russia to
become a major exporter of vehicles and components to the rest of the world. Studies
have shown that its OEMs and suppliers too hold a bright future.

RNCOS in its recent market research report namely "Russian Automotive Industry
Forecast (2006-2011)" handles the following aspects of the market:
· Growth in income levels;
· Declining automotive costs;
· Increasing availability of auto financing schemes; and
· Growing demand for comfort and safety of the cars.

The report also discusses about the world automotive industry, which can benefit the
investors and industry players. There is a compact analysis of plans and strategies
adopted by the key players while industry's opportunities and challenges are
covered.

The market research report covers a Forecast and Analysis section, which provides
the market sizing in detail along with a three-year forecast of the Russian
automobile market divided into two parts - technology and feature.

About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports via MarketsMonitor for
your business needs and aims to put an end to your information pursuit. Our
expertise in gathering global business information for industry research, corporate
training, growth consulting, and business consulting, brings reputed companies and
firms to us for business enhancement solutions. We can be your one-stop-shop for
Industry research information and niche market analysis.

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Contact Details = RNCOS
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