28 Nov 2013 18:49

GAZ launches output of new Vector buses

PAVLOVO (Nizhny Novgorod region). Nov 28 (Interfax) - GAZ has launched commercial production of new mid-class Vector buses at the Pavlovo Bus Plant (PAZ), which is part of GAZ, an Interfax correspondent reported from the launch Thursday.

GAZ investment in the bus division is around 1.3 billion rubles with "half of that going on development at PAZ," Andrei Vasilyev, the managing director of PAZ, said.

Vasilyev said the Russian bus market is expected to drop 16% to 17% in 2013. PAZ plans to produce over 10,000 buses in 2013, 75% of which will be small and the rest medium. PAZ plans to manufacture 400 Vector buses in 2014.