MOSCOW, November 13. /TASS/. Avtovaz launched sales of cars of the new Lada Granta family of local assembly in Egypt, the company said on Wednesday.
Sales started on November 12 in Cairo. Cars are manufactured at the Al Amal factory.
Managing Director of Lada Export Max Missana said that with the release of a new model Avtovaz expects to strengthen the brand's position in Egypt.
It was reported earlier that Avtovaz sales on the Russian market increased by 1.5% year-on-year to 295,437 cars in January – October 2019. "295,437 Lada cars and light commercial vehicles were sold in Russia as of the end of 10 months 2019, up 1.5% against the like period of 2018," the company said.
Car sales in October declined by 5.5%, the carmaker reports. 30,240 Lada cars were sold.
The market share of Lada in the segment of cars and light commercial market is about 21% as of the end of 10 months 2019, according to the company's estimate.
Avtovaz is the largest producer of cars in Russia. The Avtovaz Group is part of the Renault-Nissan-Mitsubishi alliance.