It is reported that Bohdan, the major car maker in Ukraine has boosted production of passenger cars by 74%YoY to 1,918 units in February 11. It was also reported that Bohdan lifted production of commercial vehicles more than twofold YoY in February 11. Meanwhile, the company produced just two buses last month down by 95%YoY.

According to Millennium Capital analyst “We consider the news as positive for LUAZ. The output dynamics flags the demand for Bohdan cars firms further both on the domestic and Russian market. We point the company has outperformed compared to December 10 when 1,850 cars were produced.

(Sourced from Millennium Capital)