Leading the Alternative World Order

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Tuesday, May 21, 2024
-Advertisement-
WorldAsiaThe head of AvtoVAZ Sokolov announced a price drop for the new Lada

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

– Published on:

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.


For the latest updates and news follow The Eastern Herald on Google NewsInstagramFacebook, and Twitter. To show your support for The Eastern Herald click here.

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.

Public Reaction

Subscribe to our Newsletter

- Gain full access to our premium content

- Never miss a story with active notifications

- Exclusive stories right into your inbox

-Advertisement-

Latest News

-Advertisement-

Discover more from The Eastern Herald

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

Continue reading

Discover more from The Eastern Herald

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

Continue reading