New AVTOVAZ products will be developed on Russian platforms, using Russian engineering competencies and with the maximum involvement of Russian component suppliers. This was stated by the Minister of Industry and Trade of the Russian Federation Denis Manturov. In turn, AVTOVAZ President Maxim Sokolov said that the company would develop consistently engineering competencies and carry out import substitution. The most important goal for AVTOVAZ is the rapid development of the supplier base, primarily domestic, a significant number of which are located in the Samara Region and the Volga Federal District.
Recall that on May 16th, agreements were signed on the transfer of Russian assets of the Renault Group to state ownership. As a result of the transactions, the shares in the assets will be distributed as follows: 100% of the shares of CJSC Renault Russia will be owned by the Moscow government, 67.69% of the shares of AVTOVAZ will become the property of the Russian Federation represented by FSUE NAMI subordinated to the Ministry of Industry and Trade of Russia. The remaining shares of AVTOVAZ will be retained by Rostech. Within the framework of existing licenses, the production of the whole line of LADA cars at the production sites of AVTOVAZ will continue.
In addition, in accordance with the reached agreements, the Togliatti plant will produce Renault Duster crossover and Sandero hatchback under the LADA brand. According to sources, the transfer of production of Renault Arkana and Kaptur models from the Moscow plant in Togliatti was recognized as economically inexpedient. AVTOVAZ will also carry out after-sales service of Renault cars in the Russian market.
