Russia’s SOK Group has confirmed that production at carmaker IzhAvto could be halted soon, ITAR-TASS reported. Exchange rate problems have compounded difficulties arising from a collapse in the Russian car market.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


IzhAvto is a unit of SOK Group.


The report said that the price of assembly kits that IzhAvto buys from Kia in foreign currency has risen 40% in rouble terms since last autumn.


Despite the higher cost of assembly kits, prices for IzhAvto’s cars have not increased,  SOK Group’s Public Relations Director Dmitry Rumyantsev said.


SOK Group has repeatedly asked KIA Motors to lower the price of its assembly kits, but the Korean company has not complied with these requests, Rumyantsev added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Rumyantsev also attributed the possible closure of the plant to a 40%-60% decrease in demand for cars in Russia, as well as the failure of talks to sell IzhAvto to AvtoVAZ.