Gross sales of AvtoVAZ’s Lada automobiles rose sharply in August because the business continues to grapple with the fallout of Russia’s invasion of Ukraine.

The model mentioned it offered 18,087 passenger automobiles throughout the month – up 75 % on July.

Whereas gross sales had been down 7 % in contrast with August 2021, it was the most effective month-to-month efficiency for the automaker since Russia despatched tens of hundreds of troops into Ukraine in February.

AvtoVAZ President Maxim Sokolov mentioned gross sales of two Lada fashions – the Granta and Niva – had recovered to “pre-crisis ranges,” which he mentioned was an “necessary achievement” on the corporate’s street to restoration.

“We’ll efficiently overcome the present difficulties and meet demand within the Russian automobile market,” he mentioned in an announcement.

The corporate, which employs about 42,000 individuals, mentioned a authorities program to subsidize the acquisition of recent automobiles was serving to help buyer demand.

Russia’s auto sector, closely reliant on overseas elements and world provide chains, floor to a halt after the West hit Russia with an unprecedented bundle of sanctions following the invasion of Ukraine, and worldwide producers wound down their Russian operations.

AvtoVAZ’s long-time shareholder, Renault, offered its stake within the firm in Could.

Additionally in Could, Russian automobile manufacturing collapsed by 97 % as a number of factories, together with AvtoVAZ, shut their doorways, furloughed employees and began providing workers money bonuses to stop.