Sollers Auto will start the production of new LCVs at the plant in Yelabuga

Sollers Auto and the Ministry of Industry and Trade of the Russian Federation signed an additional agreement to amend the SPIC, which provides for the implementation of a new project for the production of a line of light commercial vehicles under its own Sollers brand at the Alabuga SEZ site. The company will launch the production of two models of LCV cabover and semi-bonnet layout with a gross weight from 2.5 to 4.5 tons. Production will start before the end of this year, the press service of Sollers Auto reports. The design capacity of the plant is 85 thousand vehicles per a year. The total investment in the new project, taking into account the investments of Sollers Alabuga and the investments of supplier companies, will be more than 5.5 billion rubles. At the same time, the total investment obligations of Sollers Auto under the SPIC will grow from 7 to 9.9 billion rubles.

According to the data of AUTOSTAT agency and Electronic Passport JSC, in August of 2022 the volume of the Russian market of new light commercial vehicles was 5052 units. According to experts, this is 6% higher than in July, but 58% worse than the result of August 2021. As for the results of eight months of this year, a little more than 50,000 new LCVs were purchased in Russia during this period, which is 45% lower than in January-August of 2021.