Lada increased its participation in state recycling programs and a “trade-in”. Buy Lada in January can take advantage of 50 thousand roubles under the program of recycling and 40 thousand under the scheme “trade-in”.
MOSCOW, 30 Dec. One of the largest Russian car manufacturers — AVTOVAZ — has extended its recycling program in January of 2016, the company said on Wednesday.
“Lada will continue to participate in state programs fleet renewal in January 2016 — the recycling program and the scheme “trade-in”. Thus, buy Lada in January can take advantage of 50 thousand roubles under the program of recycling and 40 thousand under the scheme “trade-in”, — stated in the message.
Sales of AVTOVAZ in Russia was largely determined by the action programmes to support the demand. Company President Bo Andersson in September, told journalists that about 40% of Lada were sold in Russia under the recycling program.
AvtoVAZ is one of the largest automakers in the Russian Federation. Production capacities of the enterprise allow to produce about 1 million vehicles and car kits annually. A joint venture of Rostec and Renault-Nissan Alliance Rostec Auto BV, which owns and 74.51% of the capital of AVTOVAZ (81.4% of ordinary and 47% of privileged shares). Now the share of Renault-Nissan JV is 67,13% (Renault — 50,1%, Nissan — control an additional 17.03%), Rostec — 32,8%.