The newly appointed president of Russia’s largest carmaker AvtoVAZ, Igor Komarov, has said that the company’s main task was to avoid operating losses.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


AvtoVAZ has developed an anti-crisis plan, which is currently under consideration by federal and regional governments, Komarov said without providing details.


He added that the carmaker’s current debt to banks amounted to 42 billion rubles.


Inventory currently was 58,000 units, down from 83,000as of early August, giving the company additional funds. AvtoVAZ did operate during the entire month of August.


The automaker now plans to focus on the production of cars that are in greater consumer demand, Komarov said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

New executive vice president Vitaly Valchik would be in charge of a new model range as well as production and technical development in general, Komarov said. In addition, Sergei Kogogin, CEO of Russia’s largest truck maker Kamaz, may join AvtoVAZ’s board of directors, Komarov said.