Sollers Group expects sales growth, aims to increase market share
Quick Look
Sollers Group CEO Nikolay Sobolev announced plans for sales growth this year, targeting over 40% market share in pickups and around 30% in light commercial vehicles, despite a stable market.
AI-generated summary
Why It Matters
Sollers Group is a Russian automotive company. The CEO, Nikolay Sobolev, provided an update on the company's market position and future plans.
MOSCOW June 16. /TASS/. Sollers Group reckons upon the rise in sales this year and plans to increase its shares in the pickup truck market and in the light commercial vehicles segment, CEO Nikolay Sobolev told reporters.
"We are more focused on the short term. Our market share will be above 40% in the pickup truck segment (it is already above 40% for the time being with partners’ products included). In the light commercial vehicles segment, traditionally with the UAZ brand, we believe the market share should be about 30%," Sobolev said.
"We plan our sales will grow, although the market will be more or less at the last-year level," he added.
What to Watch
AI outlook — possibilities, not facts
Sollers Group market share to exceed 40% in pickups and reach 30% in LCVs.
Likely · Short term
Sollers Group sales to grow.
Likely
Open Questions
- Specifics of market share increase strategy
- Impact of market conditions on growth
