Date: 3 months ago   Category: Industry

AvtoVAZ expects the double growth of the Russian car market by 2026 — Rambler News Service


Photo: Интерпресс / PhotoXPress.ru AvtoVAZ predicts growth of the Russian car market new automobile and light commercial vehicles following the results of 2025 according to the optimistical scenario up to 3,1 million pieces from 1,6 million units following the results of 2017, the president of the company Yves Caracatzanis has reported during the automobile forum organized by Association of European Businesses. At the same time according to the pessimistic scenario in 2025 the market will grow to 2,5 million pieces. The general sales at car market in 2018 can make 1,7-1,8 million pieces. The head of the company has noted that growth rates depend on macroeconomic factors, the state measures of support of car makers and the automobile market. "We need joint financing of investments by the state in the separate directions" — Caracatzanis has told. He has reminded that following the results of the first half of the year of Lada has occupied nearly 21% of the Russian car market, and the consolidated revenue in 6 months has grown by 31,5%, to 135 billion rubles. Number of staff of the AvtoVAZ group was 46,5 thousand people for June 30, 2018, including 36,2 thousand in Togliatti. The enterprise in Togliatti has produced in 6 months 2018 210 thousand Lada, Renault, Nissan and Datsun cars, and in Izhevsk — 62 thousand Lada, follows from the presentation of the head of AvtoVAZ. Software localization level to the Lada models exceeds 86%, and taking into account the cars Renault, Nissan, Datsun — more than 75%. The purpose of the company — to increase level to more than 80%. AvtoVAZ produces 5 Lada models in 19 versions.

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