Lenin’s Hometown Wants Its Off-Road Vehicles in Africa and Latin America
- Sollers unit UAZ aims to double exports in 3-5 years
- Russian auto sales off lows but no consumer boom seen
This article is for subscribers only.
Russia’s Ulyanovsk Automobile Plant (UAZ), which specializes in off-road vehicles designed to survive tough conditions, is looking to Soviet-era export markets in Latin America and Africa to help offset slow domestic sales as the country climbs out of the longest recession in two decades.
A unit of industrial holding Sollers PJSC that’s based in Vladimir Lenin’s hometown of Ulyanovsk, UAZ aims to increase the share of output destined for export from about 14 percent to 30 percent within the next three to five years, said its financial director, Mikhail Belobrov.