According to the press service of the Ministry of Industry and Trade, as part of the implementation of AVTOVAZ’s development strategy, the aim is to maintain LADA’s leading position in the Russian automotive market. “This will be facilitated, among other things, by the release of 12 new models in different segments, as well as the development of partnership projects,” the statement said. The participants of the meeting reviewed the preliminary results of the production and economic activities and budget implementation of the automotive giant Tolyatti in the previous year, and also outlined plans for 2024.

Despite the pressure of the sanctions, AVTOVAZ has ensured the continuity of new car production and will produce more than 374,000 LADA cars by the end of the year. For the Russian brand, this volume is a record for the past ten years, notes the Ministry of Industry and Trade. “Given that the company successfully resisted the pressure of sanctions, the approved production plan for 2024 implies a significant increase in car production volumes – up to 500,000 units,” said Denis Manturov, head of the Ministry of Industry and Trade and chairman of the board of directors. Directors of AVTOVAZ.

According to the press service of the Ministry of Industry and Trade, as part of the implementation of AVTOVAZ’s development strategy, the aim is to maintain LADA’s leading position in the Russian automotive market. “This will be facilitated, among other things, by the release of 12 new models in different segments, as well as the development of partnership projects,” the statement said. The participants of the meeting reviewed the preliminary results of the production and economic activities and budget implementation of the automotive giant Tolyatti in the previous year, and also outlined plans for 2024.

Despite the pressure of the sanctions, AVTOVAZ has ensured the continuity of new car production and will produce more than 374,000 LADA cars by the end of the year. For the Russian brand, this volume is a record for the past ten years, notes the Ministry of Industry and Trade. “Given that the company successfully resisted the pressure of sanctions, the approved production plan for 2024 implies a significant increase in car production volumes – up to 500,000 units,” said Denis Manturov, head of the Ministry of Industry and Trade and chairman of the board of directors. Directors of AVTOVAZ.