MOSCOW (Reuters) -- Lada-maker AvtoVAZ, Russia's biggest car producer, has raised its 2010 domestic market sales forecast to 541,000 cars, 35 percent higher than previously expected.
CEO Igor Komarov said the new forecast was preliminary and based on increased demand from auto dealers.
He also told reporters that total AvtoVAZ sales could amount to 583,000 vehicles this year.
Earlier on Thursday, AvtoVAZ said its loss doubled last year as sales slumped in the crisis, and it booked an asset impairment provision.
Net loss totalled 49.2 billion rubles ($1.58 billion), against a 24.7 billion net loss in 2008, AvtoVAZ said on Thursday.
Revenue fell to 92 billion rubles from 168 billion in 2008, said AvtoVAZ, in which French carmaker Renault holds a one quarter stake.
Komarov said last week the company could return to operating profit this year as it has been the chief beneficiary of a government-sponsored scrappage scheme.
For 2009, AvtoVAZ recorded an operating loss of 45.5 billion rubles, against a loss of 26.1 billion in 2008.
It has also performed a test for impairment of its fixed assets and booked a provision of over 14 billion rubles.