Related: Russia Lowers Vehicle Safety Standards After Sanctions
Although sales were down by 7% compared with August 2021, it was the best monthly performance for the automaker since Russia sent troops into Ukraine in February. In a statement, AvtoVAZ President Maxim Sokolov said:
“We will successfully overcome the current difficulties and meet demand in the Russian car market.”
According to Sokolov, sales of two Lada models— the Granta and Niva had recovered to “pre-crisis levels,” which he said was an “important achievement” on the company’s road to recovery. The company, which employs about 42,000 people is being greatly helped by a government program that subsidize the purchase of new vehicles.
Related: Russia’s Lada Plans New Models After Renault Exit
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com