Released on = May 31, 2006, 10:10 pm

Press Release Author = RNCOS

Industry = Automotive

Press Release Summary = RNCOS Research: (http://www.rncos.com/Report/IM036.htm)
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.rncos.com/Report/IM036.htm) 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, formed in 2002, offers Market Research Reports 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.

To purchase your copy: http://www.rncos.com/Report/IM036.htm
For more information about the report please visit www.rncos.com


Web Site = http://www.rncos.com

Contact Details = RNCOS
Amit Mishra
PR Distribution Manager
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com