It sold its plant, now renamed the Moscow Automobile Factory Moskvich, for another rouble.
[1/6] A view shows a car under the Soviet-era brand Moskvich during a ceremony marking the launch of the production at the Moscow Automobile Factory Moskvich in Moscow, Russia, November 23, 2022.
The government's ultimate target of producing 100,000 Moskvich vehicles a year, some of which will be electric, is far below the industry average for a car plant of 200,000-300,000.
"The first Moskvich cars will come off the production line in December 2022," Kamaz (KMAZ.MM) said in a statement.
The car goes on sale in Russia next month, it added, although the price has yet to be disclosed.