AvtoVAZ said it would hold Lada prices until the end of the year

AvtoVAZ does not plan to raise prices for Lada cars until the end of the year. This was reported to Izvestia on November 22 by the press service of the company.

AvtoVAZ said that on Friday a number of mass media published information about the allegedly planned price increase for Lada in December 2024, which does not correspond to reality.

In addition, as the domestic automaker noted, there are no plans to index prices for the Lada Vesta model in December 2024 and January 2025.

On November 19, on the sidelines of the forum-exhibition "Transport of Russia" the head of the company Maxim Sokolov said that in 2025 AvtoVAZ may continue to index prices for Lada cars.

As the top manager pointed out, now the main factor in the growth of production costs is the interest rate, which is based on the key rate. Since November 2023, the indexation of average prices of Lada cars amounted to 4.3%, reminded the head of AvtoVAZ and noted that the indexation of car prices is below inflation. He cited the suppliers of component base for cars as a merit of this.