Including BAIC, Kaiyi, SWM and others
The Ministry of Industry and Trade (Minpromtorg) of Russia advocates tightening the conditions for the participation of cars in the state preferential leasing program by introducing a minimum level for the level of localization of production.
This decision, reported by the Kommersant newspaper, may affect car models assembled at the Kaliningrad Avtotor plant, such as BAIC, Kaiyi, SWM, which were included in the program only this year. As a result of the changes, preferential leasing may be available only for cars produced on the lines of GAZ, Sollers, KamAZ. and «AvtoVAZ».
For the preferential car loan program, starting from 2024, a localization level has been set, and to participate in it, the model must score at least 1.6 thousand points. Currently, the only foreign car that meets these requirements is the Haval Jolion crossover, which is produced in Tula. Other models do not yet meet these standards.
According to Kommersant’s interlocutors, for access to preferential leasing the Ministry of Industry and Trade wants to set a similar bar – at the level of 1.6 thousand points. However, representatives of leasing companies express concerns about the speed of updating the list of models that meet these requirements. Reviewing the list of models quickly will not be easy.
Some leasing companies are no longer concluding deals on some models, citing an insufficient level of localization. This may be due to future requirements that have not yet been officially announced.