TOGLIATTI, April 4 (Itar-Tass) —— Prime Minister Vladimir Putin launched the new Lada Largus assembly line at AVTOVAZ on Wednesday, April 4.
Putin familiarised himself with the production facilities, talked with the workers and congratulated them on the launching of a new make.
“AVTOVAZ has an excellent future. It controls 25 percent of the Russian market, and I am sure that it will keep this level,” Putin said at the launching ceremony.
He said 169 billion roubles would be invested in production by 2020.
Speaking of the automobile industry as a whole, Putin noted that it had exceeded the pre-crisis level last year and Russia is second in terms of sales in Europe and fourth in the world.
After the first Lada Largus car had rolled off the assembly line, Putin, and officials from Renault, Nissan and AVTOVAZ signed its hood.
The commercial version of the new car will cost from 319,000 roubles, and the passenger version from 349,000 roubles.