New York Fashion Week 2025-26, redefining luxury, creativity, and venue storytelling

New York — At New York Fashion Week 2025, Coach unveiled a groundbreaking...

Ralph Lauren unveils Spring 2026 collection at New York Fashion Week with timeless luxury

Ralph Lauren launched New York Fashion Week with an intimate studio show that...

Gun violence and domestic terrorism in the US – Experts call for safety

The Minneapolis Catholic school shooting has thrust gun violence and domestic terrorism back...

Nevada’s two-day shutdown shows how fragile state cyber defenses still are

The Nevada cyberattack, a Nevada ransomware attack detected on Sunday, August 24, forced...

The head of AvtoVAZ Sokolov announced a price drop for the new Lada

legion-media Russia

AvtoVAZ head Maxim Sokolov said in an interview with RBC that the company may reduce prices for new Lada cars. He distinguished two possible directions for reducing prices: reducing the cost of cars produced in cooperation with Chinese partners and changing working methods with official Lada dealers.

Sokolov believes that with the localization of production, it will be possible to compensate for waste collection, which will lead to a decrease in the cost of Chinese models under the Lada brand, produced in Russia. In addition, maximum resale prices will be set for official dealers, which will also reduce the cost of cars for buyers.

However, if dealers continue to inflate prices, AvtoVAZ can take economic measures, up to terminating the dealership contract. The new rules are expected to come into force in May.

It should be noted that from May 1, prices for Lada cars, such as Granta and Niva Travel, will increase. Currently, AvtoVAZ has 308 dealerships, of which 297 belong to private companies and 11 belong to the automaker itself.

Read the Latest Government Politics News on The Eastern Herald.

More

Show your support if you like our work.

Author

News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Comments

Editor's Picks

Trending Stories

Discover more from The Eastern Herald

Subscribe now to keep reading and get access to the full archive.

Continue reading