In 2023, the net loss of the Moskvich automobile plant increased by 3.6 times to 8.6 billion rubles. In this respect reports interfax.ru with reference to published reports of the company.
The company’s revenue increased by 38.9% to 59.2 billion rubles. Gross profit decreased by 74.6% to more than 1.6 billion rubles. Moskvich’s total debt last year increased by 2.5 times to 42.6 billion rubles.
Before that, General Director of KamAZ PJSC and manager of Moskvich Sergei Kogogin statedIt was stated that the loss of the Moskvich factory in 2023 is 160 million rubles.
The senior manager admitted that in the current situation, Moskvich should not try to realize the previously announced plan to produce 50 thousand cars per year. Plans can be reduced to 40 thousand vehicles because this is already the break-even level. It is expected that 30-35 thousand cars will be assembled this year.
The company currently produces the Moskvich 3 urban crossover, the Moskvich 3e electric car and the Moskvich 6 sedan. Moskvich shipped approximately 19 thousand cars to dealers in 2023, of which 15.3 thousand cars were sold to customers.
The plant will move into full-cycle production in 2024 and launch at least one more model: the Moskvich 8 D-class crossover, the company reported. The “Moskvich 5”, a converted JAC Sehol X6, is also expected to appear.
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Source: Gazeta
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