Avtovaz Plan To Export Lada SUV’s To China
Avtovaz CEO Nicolas Maure has stated the company plans to target the China market and expects to export ‘several hundred’ Lada 4×4 autos to China towards the end of this year, in moves designed to offset declining exports to Kazakhstan due to changing regulations in the Kazak market. The Lada Niva 4×4 has fllled the mid-price gap for reliable off-road vehicles following the move by Land Rover to concentrate on up-market models.
The domestic Russia market is also in Avtovaz’s sights, with its sales forecast increased for Russia to more than 300,000 cars, on the back of agreements signed with taxi operators Yandex Taxi and Uber on using the company’s vehicles. “First of all we want Lada cars to be presented in taxi fleets. We are happy to sign agreements with Yandex Taxi and Uber, so this is already on the way,” Maure has stated.
Avtovaz is also undergoing a restructuring that will see its shares be divided between Renault-Nissan with 75% and Russian corporation Rostec who will hold the balance. Russia produced 1,303,989 vehicles in 2016, ranking 16th among car-producing nations in 2016, and accounting for 1.4% of the worldwide production. Eleven foreign carmakers have production operations or are constructing their plants in Russia as the domestic market and access to EAEU markets is expected to improve.
Russia Briefing is published by Asia Briefing, a subsidiary of Dezan Shira & Associates. We produce material for foreign investors throughout Eurasia, including ASEAN, China, India, Indonesia, the Silk Road & Vietnam. For editorial matters please contact us here and for a complimentary subscription to our products, please click here.
Dezan Shira & Associates provide business intelligence, due diligence, legal, tax and advisory services throughout the Eurasian region. We maintain offices in Moscow and St.Petersburg through our Russian partner firm, as well as our own offices in China, South-East Asia and India. For assistance with Russian issues or investments into Russia and Asia, please contact us at email@example.com or visit us at www.dezshira.com
Dezan Shira & Associates´ Russian investment brochure offers an overview of the services provided by the firm – both foreign investment into Russia and Russian investment into Asia. It is Dezan Shira´s mission to guide investors through Russia´s complex regulatory environment and assist with all aspects of establishing, maintaining and growing business operations in the region.
Doing Business in China 2017 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates in January 2017, this comprehensive guide is ideal not only for businesses looking to enter the Chinese market, but also for companies who already have a presence here and want to keep up-to-date with the most recent and relevant policy changes.