AVTOVAZ plans to increase production by 30% in 2015

AVTOVAZ plans to increase production by 30% in 2015

Avtostat – AVTOVAZ chairman Bo Andersson has announced plans to manufacture 692,000 automobiles in 2015. The automobiles to be manufactured for Renault-Nissan alliance are included in this figure. The company had announced the 2014 production plan as 530,000 automobiles (390,000 Lada). In other words, a 30% production increase is planned for the next year.

The company aims to sell 450,000 Lada this year.

Andersson has made the following statement to Voljskiy Avtostroitel newspaper: “The analysts predict a decline in sales. According to the optimistic scenario 3%, to the pessimistic scenario 15%. We will manufacture 452,000 Lada, 40,000 Nissan, 110,000 Renault and 90,000 Datsun automobiles next year. A total number of 692,000. This is our plan for 2015.”

Andersson has also spoken about AVTOVAZ’s development plan for the next five years. Accordingly, the company will use 70% of investments in the production of XRAY, XRAY Cross, Vesta, C and Lada models, such as the new 4×4 and the design of new engines:

“We are getting the credits necessary for the investments from VneshEkonomBank (VEB). The credits are issued on project basis and ten of our projects have already been approved by the bank.”

Tags: Avtovaz, Lada