Renault expects Russia to become its main market
in Market News
Published on October 02, 2018
With the recent great results of Avtovaz, owned by the French Company, Renault can expect a bright future in Russia.
Indeed, the historical Russian has recorded an impressive growth of its operational margin since 2016 and its negative -8.8% margin. First half year of 2018 saw the brand reaching 5.4%. New products and markets such as Belarus and Kazakhstan which were forfotten by Lada in the past years until now may be seen as the consequences of the Avtovaz revival.
Russia represents now for Renault an opportunity to increase its figures abroad and estimates that the country will be the main market ahead of France. Carlos Ghosn, Renault's CEO showed his enthusiasm by claiming Russia has become a "cash machine" for the group.
The new Lada Vesta is now expected.
source : Fleeteurope