AvtoVAZ talked about spending on modernization

AvtoVAZ Group reported positive performance in terms of both operating and net profit. The proceeds will be used to finance investment programs, which in 2026 will amount to more than 40 billion rubles, the company's press service reported on July 9.

Currently, AVTOVAZ's investment obligations have already been exceeded by 57%. The total volume of investments exceeded 157 billion rubles, instead of the planned 100 billion rubles by 2030, the press service recalled.

In the first half of 2026, AvtoVAZ managed to increase production by 3.3% and fulfill its sales plan — in total, more than 154 thousand cars were sold together with the Xcite brand. Positive financial results were achieved thanks to large-scale programs to optimize production and logistics, automate key processes, and reduce marketing costs.

AvtoVAZ explains the growing popularity of its products with a stable pricing policy, the introduction of new options, a general increase in consumer activity and government programs of preferential loans. The ruble exchange rate, possible adjustments to monetary policy and the key interest rate, as well as the foreign policy situation are indicated as factors influencing further sales.

If the current market and macroeconomic situation persists, AvtoVAZ will be able to achieve positive financial results for the whole year, said Maxim Sokolov, president of the company.

"We will also continue the continuous modernization of the production complex and the deepening of the robotization of processes," he said.

He recalled that in the second half of the year, production and sales of the new Lada Azimut crossover will begin, the new power plants of which will be used on Vesta and Iskra. These new items will ensure that the planned sales rates are maintained.

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