AvtoVAZ raised prices for all Lada models

Prices for the entire Lada model range have grown by an average of three percent since December 1

the entire model range of Lada, on average the cost of cars increased by three percent. According to Drom, Lada Granta has risen in price by 28 thousand rubles, Lada Vesta – by 40 thousand rubles, and Lada Largus – by 32 thousand rubles.

This is the seventh price increase since the beginning of the year. In total, since the beginning of 2021, Lada Granta has risen in price by 20 percent, Lada Vesta – by 23 percent, Lada Xray – by 21 percent, Lada Largus – by 24 percent. Earlier, the head of Rostec, Sergei Chemezov, noted that AvtoVAZ increased the cost of cars by an average of 9-12 percent over the year, that is, at the level of competitors.

According to the head of Rostec, the growth in the cost of cars influenced by global inflationary processes. “We do not invent all these figures ourselves, they are provided by the market,” Chemezov said. He said that prices for almost all raw materials have risen: steel, plastics, metals and electronic components. In turn, the vice-president of AvtoVAZ for external relations and interaction with shareholders Sergey Gromak explained that cars will rise in price due to the “explosive growth” in steel prices after the expiration of export duties.

Deputy Head of the Ministry of Industry and Trade of Russia Vasily Shpak stated that the gap in supply chains in the supply of electronic components for the automotive industry will grow, and the related problems will be more and more. He believes that the most important thing for the car market is import substitution and the transition to Russian components.

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