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IAA Russia Day 2008

The Russian automotive market is one of the most dynamic in the world, and this applies both to passenger cars and commercial vehicles. In Russia the German vehicle manufacturers are recording especially fast growth and in the current year they will increase their passenger car sales by one third. The Russian commercial vehicle market is also strategically important. It is one of the world's fastest growing markets and is an absolute heavyweight in sales of trucks over 6 t in Eastern Europe; last year alone it recorded a huge leap in growth of 48 per cent, to over 152,000 units.

A few days ago the German Association of the Automotive Industry (VDA) presented the strong growth by German manufacturers and suppliers in Russia at the Moscow International Motor Show, where it and the suppliers were represented at a joint German pavilion. Now the Association is holding its own "Russia Day" dedicated to the commercial vehicle market, at the 62nd IAA Commercial Vehicles in Hanover.

In doing so it provides the necessary conditions for new cooperative projects by German and Russian firms. In addition to the exhibitors from Russia, the Russian automotive industry is expected to send a high-ranking delegation led by the presidents of the Association of Russian Automakers (OAR) and the National Association of Automotive Component Producers of Russia (NAPAK).

The event is supported by the Committee on Eastern European Economic Relations. Detlef Wittig, Executive Vice President, Group Sales and Marketing and fully authorized representative of Volkswagen AG, and member of the presiding board of the Committee on Eastern European Economic Relations, will welcome the participants.

Presentations at the "IAA Russia Day 2008" will provide "first hand" information about the prospects on the Russian commercial vehicle market and German-Russian cooperation. They will be followed by round table meetings with an opportunity for cooperation talks, which will be coordinated in advance by the VDA. This is a special service offered by the VDA to representatives of manufacturing companies in the automotive industry.

The event is aimed principally at suppliers in the automotive industry with an interest in the Russian automotive market or in cooperating with a Russian manufacturer or supplier. Journalists and other parties interested in the Russian automotive market are also cordially invited to the presentations. Last year alone deliveries of parts and accessories from Germany to Russia rose by 30 per cent, to over 1.5 billion euro. Five years ago the figure was only around 370 million euro. The future growth prospects are also promising. By the year 2012 the Russian components market will expand by 50 per cent to 9 billion euro, and similar growth rates are expected on the market for spare parts.

The "IAA Russia Day 2008 Commercial Vehicles" will take place on Friday, 26 September 2008, from 10.00 to 14.00 h in Room 13/14 of the Convention Center on the Hanover Exhibition Grounds. The program includes the following presentations: Sergey Kogogin, President of the OAR and CEO of Kamaz, the largest Russian producer of commercial vehicles, will speak about "The Future of the Russian Commercial Vehicle Sector"; Sergey Zanozin, Chairman of the Management Board of the GAZ Group, will describe development strategies for the Russian commercial vehicle market. NAPAK President Alexey Ipatov will report on cooperation perspectives for the Russian and German automotive industries. Finally, the International Finance Corporation (IFC), a member of the World Bank Group, will provide information about financing activities and opportunities in Russia.

The world's most important trade fair for mobility the 62nd IAA Commercial Vehicles in Hanover is organized by the VDA and is setting new records for the number of exhibitors, the number of countries represented and the amount of exhibition space occupied. The number of exhibitors is around 2,000, which is 25 per cent more than in the record year 2006, while the 275,000 sq m of exhibition space is 10 per cent more than two years ago. This impressively reinforces the IAA's worldwide leading position among trade fairs showcasing mobility. This year again, the commercial vehicle fair is the ideal platform for exhibitors and professional visitors to initiate business and conclude contracts.



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