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Avtovaz Maps Overseas Assembly Push and Sets Conditional 2026 Output Goal

The strategy reflects currency pressure that has stalled export growth.

Overview

  • Company president Maxim Sokolov said Avtovaz aims to open up to seven foreign assembly sites by 2028, with three in CIS countries, two in Africa and two in the Middle East.
  • Avtovaz targets about 400,000 vehicles in 2026 contingent on Russia’s new-car market reaching roughly 1.5 million units.
  • The board-approved 2025 production plan stands at just over 320,000 vehicles, with output balanced against inventories and sales.
  • Sokolov identified a strong ruble as the main constraint on exports and said 2025 shipments may only match last year’s level of about 20,000 cars.
  • Analysts expect an October surge in demand for new cars and imported used vehicles, following a September peak of 48,400 used-car imports largely by private buyers.