AvtoVAZ plans to allocate about 45 billion rubles each year to modernize its production, according to statements cited by RIA Novosti from the company’s vice president, Sergei Gromak.
Gromak noted that the annual investment level will exceed 45 billion rubles through 2030, a figure the agency relayed as part of the company’s ongoing financial outlook. (Cited from RIA Novosti, with reference to AvtoVAZ leadership)
The executive explained that these funds are directed toward a range of strategic upgrades, including the refresh of the Lada lineup to keep the brand competitive in evolving market conditions. The investments are part of a broader plan to enhance efficiency, update manufacturing capabilities, and align production with new industry standards. (Cited from TASS attribution within the public briefings)
In a related note, AvtoVAZ highlighted that under its special investment contract the company has invested a substantial 78 billion rubles over recent years, underscoring a long-term commitment to modernization and product development. (Cited from TASS reporting of company remarks)
There were earlier reports that AvtoVAZ paused the release of all variants of the Lada Niva Legend as the automaker revised configurations and prepared to introduce new options. This pause reflects the broader industry trend of updating legacy models to meet stricter safety and emission standards while expanding feature sets. (Contextual summary from industry briefings)
In another influence on the market, Russia experienced a notable increase in tire prices across the season, affecting consumer costs and vehicle maintenance budgets. This price shift adds a layer of consideration for both manufacturers and buyers navigating the current supply and demand dynamics in the automotive sector. (Market observations summarized from regional trade reports)
Overall, AvtoVAZ’s ongoing investment cadence signals a sustained push to modernize production lines, refresh the model range, and strengthen competitiveness amid a shifting global auto industry landscape. The company continues to emphasize that capital expenditure remains a cornerstone of its strategy to improve efficiency, diversify offerings, and support long-term growth. (Strategic overview based on company statements and industry analysis)