OREANDA-NEWS. August 10, 2015. Car production in Russia in 2015 could be reduced by 23% - to 1.4 million units, said First Deputy Minister of Industry and Trade, Gleb Nikitin, at the working meeting of Russian President Vladimir Putin with members of the government.

According to the agency "Prime", the operating state support measures managed to slow the rate of decline in the car market. They are, above all, measures to support demand, that reached 33.4 billion rubles, he said.

Three of them –the program of parc renovation, subsidized car loans and car leasing – are the budget-effective, said Mr.Nikitin. Per 1 ruble support there is 1.7 rubles in tax revenues in the form of VAT and excise duties. Without government support measures, the fall of the Russian car market could exceed 50%. However, it managed to escape and to reach the recovery trend better than in 2009, he said.

There were proposals in the meeting for the extension of programs to support the automotive industry, in particular the program of vehicle parc renovation and the program of preferential leasing. "It will allow the car industry at the end of 2015 to reach the level of production of 1.4 million units, which is less by 23% than in 2014", - said Mr.Nikitin.