AvtoVAZ to Release 2 Brand New Models by 2019

AvtoVAZ to Release 2 Brand New Models by 2019

 

The largest Russian automobile manufacturer AvtoVAZ has unveiled a presentation according to which the company is going to release 2 brand new models and to restyle 4 other ones by 2019.

Besides, the company's plans include presenting 10 new models and restyling 7 other ones by 2026. Therefore, the auto giant is going to start operating at full capacity by this time: 3 production lines in Tolyatti and the forth one in Izhevsk will produce Lada and Renault-Nissan Alliance models.

Let us recall that the day before AvtoVAZ announced 9M 2017 IFRS results. The manufacturer has increased LADA vehicle sales in Russia by 16.5% up to 221,207 passenger cars and light commercial vehicles) and Group revenues by 21.5% up to rub 158.6 billion.