AvtoVAZ plans to sell around 600,000 cars in Russia in 2009, Boris Alyoshin, the company’s president, told reporters Monday.
In 2008, AvtoVAZ sold 622,000 cars in Russia, down 6% on the year, the company said earlier.
The plan looks optimistic given that analysts are saying that the market could fall 25-50% this year. Russia’s market has gone into sharp reverse due to the financial crisis and a lack of credit availability for car loans.
However, AvtoVAZ cars are around 20% cheaper to buy than foreign brands built in Russia.