MOSCOW, October 26 (RIA Novosti) - Russian automaker GAZ Group [RTS: GAZA], announced on Friday it would start producing medium-sized buses with Brazilian bus manufacturer Marcopolo in November.
The plant, in which $3 million has been invested, will have annual production capacity of 1,000 vehicles and will be located in Pavlovo, in the Nizhny Novgorod Region.
Production of buses at the plant under the 'Real' brand will reach over 100 by the end of the year, the GAZ press office said.
"The Real bus, built on a Hyundai chassis, with 22 seats, is intended for city and suburban roads," the statement said.
GAZ supplies vehicles to 29 countries in the former Soviet Union, Central Europe, Southeast Asia, Africa, Latin America and the Middle East. The company produces around 200,000 vehicles annually.
