TagAZ will start production of Ssangyong SUVs at its plant in Rostov, Russia, from early next year.
According to local press reports, TagAZ has bought equipment and the rights to produce the Korando, Musso and Musso Sports. All three models were discontinued in South Korea in 2005.
TagAZ already assembles cars from CKD kits for Hyundai, namely the Accent, Sonata and Santa Fe. Earlier this month Hyundai said it planned to build its own factory in Russia, though the location of the plant and size of the investment remain undecided.
It is not clear whether the TagAZ assembled SUVs will be distributed under the Ssangyong brand name or under TagAZ own brand. Neither is it clear how the vehicles will be distributed.
According to one press report, capacity at the plant is for aound 35,000 Ssangyong vehicles.
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By GlobalData