Great Wall Motor exports just 14 vehicles to Russia in H1
Published: 23 Jun 2009 22:29:35 PST
Shanghai, June 24 (Gasgoo.com) Great Wall Motor Co,
China's largest manufacturer of
sports utility vehicles (SUV) and pick-up
trucks, said it only sold 14 vehicles in
Russia so far this year, Xinhua
reports on Wednesday.
Zhang Xinguang, general manager of Great Wall Motor's
Russia unit, attributed a lack of sales to tough
industry protectionist measures introduced in the country. Since last November the
Russia government began to levy 15 percent
import tax on complete vehicles and no less than 5,000 euros on each imported
car body part.
"As most of Great Wall Motor's products are assembled in
Russia in semi-knocked down kit forms, we were inevitably affected by the new tax
policy," said Zhang.
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