The Chief of Avtovaz: Renault will not be able to buy his part for the ruble

“In 2023, our investment amounted to more than 27.5 billion rubles, and in 2024 this figure was about 40 billion rubles, and in our plan this figure will probably be at least 45 billion rubles. That is, it is clear that these investments when they return must be compensated in some way. Therefore, the entrance price will not be equal to the departure price, in a ruble, ”said Sokolov.

He pointed out that Renault, being a shareholder of Avtovaz, in the early 2020s invested between 20 and 22 billion rubles in the development of the company, which is less than the current amount of money that Avtovaz invests.

Context. The CEO of Renault, Luke de Meo, said last week that the company does not exclude the return to Russia. The mayor of Moscow, Sergei Sobyanin, in response to this, said that it is unlikely that the French company in the Russian market shines.

• In 2022, Renault assets, including the plant in Moscow and almost 68% in Avtovaz, were transferred to the state for ruble. Renault received the option to return his participation in Avtovaz, which can be implemented within six years after the time of the transaction. The authorities decided to resume car production under the Moskvich brand in the company’s old factory.

• The production in the exentprise Renault was launched in November 2022. According to last year’s results, Moskvich sold more than 23 thousand cars in Russia.