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Avtovaz to produce around 1 mln cars per year by 2030

In 2025, output volumes will be seriously higher than those expected in 2024, Maksim Solomon noted

ST. PETERSBURG, June 5. /TASS/. The volume of production of Lada cars may reach 1 mln units per year by 2030 under the optimistic scenario, though everything will depend on the market, President of the company Maksim Sokolov told reporters on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"Considering the fact that according to our strategy, as has been decided by the board of directors, in the near future we should produce 12 new products, including restyling of the existing model range, we believe that this target (of 1 mln cars - TASS) from the viewpoint of the number of cars produced by Avtovaz may be met. The more so as the range of partner projects where we supply SKD sets is expanding and covers not only territories in our country but a number of CIS countries as well," he said.

This is suggested by the optimistic scenario, and the result depends on demand, Sokolov added.

In 2025, output volumes will be seriously higher than those expected in 2024, he noted. Earlier reports said that Avtovaz would produce around 500,000 cars this year.

The St. Petersburg International Economic Forum (SPIEF) is being held on June 5-8. This year’s theme is "The Formation of New Areas of Growth as the Cornerstone of a Multipolar World." Scheduled events include meetings for small and medium-sized businesses, creative industries, the SPIEF Youth Day, as well as the Drug Security, SPIEF Academy and SPIEF Junior forums. SPIEF is organized by the Roscongress Foundation. TASS is the information partner of the event.

Price freeze on Russian fertilizers extended, producers push for 15% increase

Companies have submitted a respective request to the Industry and Trade Ministry, the source said

Hezbollah reports over 100 Israeli troops eliminated in south Lebanon since October 1

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Trump's planned key appointments

Trump appointed Congressman Michael Waltz (Republican, Florida) as national security adviser

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African countries realized that "this pressure contradicts their own national interests", Russian Deputy Foreign Minister Mikhail Bogdanov said

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Houthis say they attacked US aircraft carrier in Arabian Sea

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Ukraine aims to call up 1 mln people in eastern areas by end of 2024 — official

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Defense enterprises in Ukraine hiding their employees from mobilization

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Lavrov to lead Russia’s delegation to G20 summit in Brazil

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Medvedev characterizes Great Britain as eternal adversary of Russia

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Russian naval aircraft hit targets by missiles in drills over Barents Sea

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