Lada Granta, Vesta and Niva production will be reduced in Russia

The main news of the Transport of Russia forum was the statement of Maxim Sokolov, President of AvtoVAZ, about a possible 10% reduction in the production of Lada cars in 2023.

“We will reach roughly the targets we talked about a year ago, but in a completely different environment. <…> It will be a little less than 401.6 thousand, the correction will be within 10% for the obvious reason that because of sanctions <…> there was even a repeated failure of logistics and financial chains,” – said Maxim Sokolov.

“We will reach approximately the same target figures that we said a year ago, but under completely different conditions.

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Despite the existing sanctions, the company managed to produce 293,000 cars in the first ten months of this year.

At the same time, the company has managed to produce 293,000 cars.

In addition, the head of the company said that the firm’s development strategy until 2030 should be defined in the period from 2023 to 2024:

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“It is clear that on September 14 there was a significant change of conditions in the status of AvtoVAZ, so we took some time to finalize our strategic plans, without changing them dramatically, the main directions have already been approved. And we plan to report to the Board of Directors in December (maybe the Board of Directors will meet in late December or early January), at the turn of 2023-2024, and expect approval of the full-scale strategy of AvtoVAZ.

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It was previously reported that prices for all Lada models may be raised to accommodate the production of new cars.