Russia's Avtovaz aims to almost double car sales in 2023 By Reuters

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Russia's Avtovaz aims to almost double car sales in 2023

Stock Markets Mar 16, 2023 08:46AM ET

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Russia's Avtovaz aims to almost double car sales in 2023

(Reuters) - Russia's top carmaker Avtovaz said on Thursday it plans to sell at least 370,000 vehicles this year, the TASS news agency reported - almost double last year's sales volumes.

The company sold 188,645 cars in 2022 as Russia's auto industry was hit hard by the fallout of Russia's invasion of Ukraine and imposition of Western sanctions.

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Comments (2)

Brad Albright Mar 16, 2023 9:30AM ET

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Good for them. If they meet their goal they'll be something like the 40th largest car manufacturer in the world. How is EV production coming in dear old Russia nowadays?

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Ken Roth Mar 16, 2023 9:01AM ET

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Fantastic the Russian LADA without any form of technology or security...will love to see the russians driving around in their inventions from the 1970´ies with some extras what they could steal from western car companies. Everything is perfect in Russia, surely they are not affected by the sanctions

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Russia's Avtovaz aims to almost double car sales in 2023

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