Mitsubishi remains bullish in Russia despite declining market

Article by Anita Panait, on July 10, 2013

Mitsubishi is expecting its sales in Russia to continue its growth despite a decline in the market.  The carmaker’s expectation is not without a base, as Mitsubishi managed to post a 24-percent gain in sales in the first five months of 2013, even though the overall market dropped by 4 percent during the period, according to data from the Association of European Businesses.

The Japanese carmaker expects its Pajero Sport mid-sized sports utility vehicle to boost its overall sales in Russia to 90,000 vehicles in the fiscal year ending March 2014, from 80,000 units in the last fiscal year.

Mitsubishi considers Russia as one of its crucial markets, as the country accounted for over three times Germany sold in 2012.

The carmaker added the production of the Pajero Sport at its Kaluga site, where it is being built alongside the new-generation Mitsubishi Outlander SUV from complete knockdown kits. Mitsubishi shares the Kaluga site with PSA/Peugeot-Citroen.

Mitsubishi is planning to produce 25,000 Outlanders and 10,000 Pajero Sports annually at the site, which is located 180km southwest of Moscow. PSA said during a ceremony to open the site in 2012 that it has capacity of 125,000 units.

Mitsubishi would have 40,000 of the output while PSA would have the rest. PSA uses the Kaluga site for kit production of the Citroen C4, C-Crosser as well as the Peugeot 308, 408, 4007.

The Pajero Sport is a basic SUV that is underpinned by the same platform as the body-on-frame L200 pickup. The Japanese carmaker commenced selling imported versions of the Pajero Sport in Russia. Mitsubishi sold over 24,000 units in the first five months of 2013. [source: automotive news - sub. required]

Topics: mitsubishi, russia

If you liked the article, share on:

Pin It

Comments

Recommended

Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Lamborghini has officially offered clear proof that the Huracán Performante was able to set a new record at the Nürburgring Nordschleife with a time of 6:52.01 It was in early...
by - March 25, 2017
Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries