The report in focus

Truck component and spare part market in Russia

Truck component and spare part market in Russia

Exit date 09.07.2018

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Price 1690 eur.

AUTOSTAT analytic agency presents the report “Truck component and spare part market in Russia”, covering results of 2017.

09 july more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

News

AvtoVAZ purchased IzhAvto for 1.7 billion roubles

On 27 October 2011, AvtoVAZ bought in 100% share of Joint Automotive Group, which managed the Izhevsk car plant. The transaction costs were 1.7 billion roubles, which is 100 million roubles less than JAG paid for IzhAvto during auction in September. According to AvtoVAZ, the bargain was made in conformity with memorandum of understanding about long-term development and modernization of IzhAvto, signed by Rostechnology state corporation , AvtoVAZ, and Sberbank, major creditors of IzhAvto, in December 2010. 

According to Kommersant newspaper, the total debt of the Izhevsk car plant came up to 13.5 billion roubles. 8.2 billion of them was the debt to Sberbank, which ceded 5.2 billion roubles of this debt to Rostechnology and will write off the rest 2.7 billion roubles. Other debts (for AkBars, Uralsib and Alfa-bank should be paid off as a result of IzhAvto non-core assets sales.

Meanwhile, AvtoVAZ intends to invest up to 7 billion roubles in modernization of the Izhevsk car plant till 2016. The money will be invested with Sberbank loan with the period up to seven years. IzhAvto capacity is planned to be increased from the current 220,000 up to 360,000 cars per year in 2014.

At present the enterprise assembles the Lada 2107 and the Lada 2104, as well as the Izh-27175 van. Next year IzhAvto is planning to start production of the new low-cost Lada Granta. Moreover, the model lineup of the Udmurt enterprise should be added with some Renault-Nissan models. As Igor Komarov, AvtoVAZ president, informed earlier, IzhAvto development program, including model lineup, should be agreed with Renault-Nissan alliance during 5-6 months.

31.10.11 AUTOSTAT
Source: www.autostat.ru

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News on this topic

  • 15 february 2019 AVTOVAZ brought Renault 204 million Euros in 2018

    The consolidated financial results of Renault Group for 2018 indicate that AvtoVAZ’s contribution to the French shareholder’s operating margin was 204 million Euros, which shows a significant increase compared with 55 million Euros in 2017.

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  • 11 february 2019 KAMAZ launched the first truck with a new cab

    KAMAZ produced the first pre-production truck of K5 generation, the KAMAZ-54901, the mass production of which should start in 2019.

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  • 8 february 2019 Russian car market grew by 1% in January

    Sales of passenger cars and light commercial vehicles grew by 0.6% in January in Russia and they were 103,064 cars, according to data of the Association of European Businesses.

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