AvtoVaz to increase production by 3,2%
The AvtoVAZ Group, which assembles and distributes cars of the Lada brand leader in Russia, will increase production rates this year by 3.2% compared to the previous annual budget for a total of about 421,000 units.
The news was made official by the Ministry of Industry in Moscow and by the authorities of the Samara region. The newly appointed CEO of the Group, Nicolas Maure, has recently announced that in 2016 the Group produced 408,000 vehicles.
If the Russian market would be able to recover, the target will be further raised.