AvtoVAZ will invest €378 million in engine production

AvtoVAZ will invest €378 million in engine production

Vedomosti – AvtoVAZ is getting ready to invest €378 million in a project, proposing engine production in Russia, under the licence of Renault-Nissan.

In accordance with the project, the production of two different models of 1.6 l petrol engines will start in Togliatti in 2015. The annual production capacity of the project is planned to be 500,000 units. The engines will be used in Renault, Nissan and Lada model vehicles manufactured in Russia.

As is known, within the frame of the Industrial Assembly Regime, the automotive companies, who signed agreements with the Russian government, are obliged to use locally manufactured engines in at least 30% of the vehicles they produce.