What did AvtoVAZ make investments its cash in after Renault left?

2024-06-30 16:11:00

AvtoVAZ has accomplished preparations for the launch of the brand new Lada Iskra mannequin, which relies on the French platform beforehand used for the third era Dacia/Renault Logan. After Renault left Russia, the corporate invested 37 billion rubles within the challenge, 23 billion of which have been invested instantly after the French carmaker left.

Editor-in-chief of “Behind the Wheel” journal Maxim Kadakov He talked concerning the difficulties in localizing components for brand spanking new fashions. He particularly pointed to the necessity to adapt the transverse reinforcement to Russian manufacturing circumstances, which required vital modifications within the documentation and design of the components.

AvtoVAZ President Maxim Sokolov mentioned that if Lada Iskra entered the market immediately, its value can be about 1-1.2 million rubles. The essential model is predicted to promote for about 1.15 million rubles subsequent yr, and the top-end model is predicted to promote for about 1.5 million rubles.

Lada Iskra not too long ago held a launch occasion and manufacturing is scheduled to start early subsequent yr. Sedan, station wagon and crossover fashions are anticipated to be launched concurrently. After the start-up of the meeting line, AvtoVAZ plans to begin gross sales intensively by way of the supplier community inside one and a half months.

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