Egyptian automotive corp to exclusively manufacture Russia Lada Granta

Russia's largest carmaker Avtovaz is currently in talks with its Egyptian partner Al-Amal Corp to manufacture and assemble Lada's latest model in Egypt, state-run news agency MENA reported on Friday.

According to MENA, Al-Amal is expected to be the sole manufacturer and assembler of Lada Granta in the Middle East and Africa once it starts production in the fourth quarter of 2014.

Al-Amal, which was known previously as Lada-Egypt, produces Lada automobiles VAZ-2107 and VAZ-2110, selling 37,000 cars since 2002.

In Russia Lada Granta remains the best-selling domestic car, a position it has held for 14 consecutive months.