UK automotive component manufacturers took part in the Autoinvest 2014 exhibition, a major event for the automotive industry in Russia.
Opportunities in Russian automotive sector
Russia is the world’s fastest-growing automotive market today, and is one of the fast emerging automotive component markets in Europe. According to forecasts, the Russian automotive market may come up to 6th place among the top-ten world markets, outputting four million vehicles annually by 2020.
Taking into account the automotive production localisation programmes, implemented with Russian government support, there are a huge number of business opportunities for British companies. Among them:
participation in implementation of Euro 5
exports of engines and their components
cooperation in hybrid technologies
promotion of composite materials and alternative fuels cooperation
implementation of energy efficiency programmes
UKTI Russia organised a visit of British manufacturers to the Autoinvest 2014 international fair in Saint-Petersburg. Also, a round table «UK Automotive cluster: market overview and cooperation opportunities» was held, allowing the Autoinvest 2014 participants to discuss various issues, including:
modern trends of the automotive market development
current state of joint projects
new potential areas of partnership between Russian and British manufacturers
St Petersburg Consul General Keith Allan, British industrial enterprises and their Russian partners took part. He welcomed all participants of the British Round Table and encouraged cooperation between the UK and Russian companies in the automotive sector.
Feedback from participants
Stuart Whitehouse of Pamargan Products Ltd:
The Autoinvest programme was very informative and I believe gave all concerned an insight to the opportunities which exist within the Russian market place.
Robin Sheppard, EMR Group:
The whole process was very professionally organised by UKTI and the most useful part were the factory visits and the contacts that we have been able to make. We will continue to develop our Russian business and are confident that we can do much more both in the Automotive and Construction plant sectors.
If you are looking to develop your business in Russia’s automotive sector contact:
Svetlana Bukanova , UKTI Russia