Russia’s largest car manufacturer AvtoVAZ plans to assemble 120,000 vehicles in Ukraine a year in the next two to three years, up from 72,000 vehicles in 2004, Oleg Svinarchuk, chairman of the board of directors of Ukrainian auto producer Bogdan, told Prime-Tass.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
AvtoVAZ expects its annual trade with Ukrainian companies to rise to $US500 million, Svinarchuk reportedly said.
The report noted AvtoVAZ cars are assembled by the Lutsk, Kremenchug and Zaporozhye car plants in Ukraine – Bogdan Industrial Investments Holding owns the Lutsk plant.
New car sales in Ukraine were 211,900 units in 2004, up 37% on the year. AvtoVAZ’s share was more than 30%, Prime-Tass added.
