Investments in the transfer of Lada Vesta production from Izhevsk to the plant in Tolyatti will amount to about 1 billion rubles, informs “Prime” with reference to Maxim Sokolov, head of “AvtoVAZ”.
“Resources in the investment program of AvtoVAZ, despite the difficult period and the consolidation of financial resources, of course, despite a certain tension, which we consider that we have committed about 1 billion rubles for these purposes, but this is a Maxim Sokolov, in an interview with the TV channel Rossiya-24, Lada Vesta’ Answering a question about the investments made to transfer the production of Tolyatti to Tolyatti, it will reach profitability by the end of next year.”
Equipment installation for the production of the updated Lada Vesta at the main factory in Togliatti will be completed by March 2023. The release of the model will begin at the same time. In Izhevsk, they will continue to produce components for innovation, especially body parts.
Previously reportedAvtoVAZ has increased the cost of Lada Largus from August 1, 2022. The increase in recommended retail prices for all modifications of the model amounted to 65 thousand rubles.
Source: Gazeta
