Russian AvtoVAZ aims to raise Lada output in 2024

Russian state-owned automobile manufacturer AvtoVAZ aims to raise output of its Lada cars to 550,000 units in 2024 from 400,000 units in 2023, Business World reported referring to the group’s president Maxim Sokolov.

The manufacturer is now assessing the possibilities of launching the facilities in different countries as its Russian entities can make about 500,000 cars in total.

In the long term, AvtoVAZ plans to stop manufacturing the Lada Granta cars after 2026-2027 and to launch new line Lada Iskra at the end of 2024. The sales of cars of the new line are scheduled for the first quarter of 2025, Business World noted.

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