AvtoVAZ says it offered twice as many vehicles over January-July as in the identical interval in 2022
Major Russian vehicle producer AvtoVAZ has doubled its gross sales thus far this yr, the enterprise every day RBK reported on Wednesday, citing a report by the corporate.
Between January and July, AvtoVAZ offered 172,996 vehicles of its top-selling model LADA, which is twice the quantity it offered over the identical interval in 2022, RBK wrote.
AvtoVAZ’s Granta, the best-selling mannequin from the LADA vary within the home market, confirmed a 162.5% leap in gross sales final month in comparison with July 2022, the report provides.
The firm reported that whole manufacturing elevated by 59% within the first seven months of this yr in comparison with 2022.
AvtoVAZ is the biggest automotive producer in Russia and Eastern Europe, producing over a million autos per yr.
The Russian automotive trade, which was closely reliant on overseas funding and gear, suffered a disaster final yr because of the exodus of overseas producers in mild of Western sanctions imposed over the Ukraine battle.
In 2023, nonetheless, AvtoVAZ says it’s seeing regular progress in demand for domestically produced vehicles. In June, it launched meeting operations at a plant in St. Petersburg that previously belonged to the Japanese automaker Nissan.
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(RT.com)