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Taganrog Automobile Factory
Industry Automotive
Founded 1997[1]
Defunct 2014
Headquarters Taganrog, Rostov Oblast, Russia
Key people
M. Y. Paramonov, CEO of the financial-industrial group Doninvest
Products Automobiles and commercial vehicles
Number of employees
Website tagaz.ru

TagAZ (Russian: ТагАЗ, Таганрогский автомобильный завод) is an automotive assembly plant located in Taganrog, Russia. Affiliated enterprises are the Rostov Truck Factory.

On January 21, 2014, the company was declared bankrupt.[2]


Construction of the Taganrog Automotive Plant began in spring 1997, under license and technology of South Korean Daewoo Motors, and was fully financed by Doninvest Finance & Industry Group, with investment volumes surpassing US$260 million. In 1998, Doninvest launched pilot semi-knocked-down production of the Daewoo Lanos and Daewoo Nubira models.[3]

From 1999 to 2002, the company assembled the Citroën Berlingo Mk I model under the name Orion M.

In 2006, it produced the Hyundai Accent, Hyundai Sonata, as well as the Hyundai Porter light truck.

In 2010, TagAZ announced the construction of a third automotive manufacturing plant in Bangladesh, with an initial $2 billion investment. According to TagAZ officials, the decision to build cars in Bangladesh was made because of its low labour costs and the export advantages it enjoys with neighbouring countries and Europe. TagAZ had already purchased land in the Kishoreganj District and aimed to sell the first car assembled there by 2012.[4][5][6]

In October 2010, TagAZ started assembling the BYD F3, Vortex Corda (a modified Chery Amulet), and Vortex Tingo (modified Chery Tiggo) models.

The company currently has the capacity to simultaneously produce up to 20 different models at its facilities.

Owners and executives

TagAZ's owner is Russian entrepreneur M. Y. Paramonov, CEO of the financial-industrial Doninvest group. One-fifth of TagAZ shares are held by Sapor Invest Inc., Ikaria International Technologies Aktiengesellschaft, Pemberton Establishment, Asha Holding, and Dl Technologies GmbH.

Production capacity

The TagAZ factory at Taganrog covers an area of 60,000 m2 and is divided into 5 departments:

  • Welding body shop
  • Paint shop
  • Assembly shop (4 lines)
  • Electroplating shop
  • Functional testing shop

The conveyor line is laid out vertically over four floors of the main plant building, with a network of elevators and lifts linking the different levels. Each level is equipped with a monorail as well as compact lifting and transporting equipment.

All completed vehicles undergo a road test on a track made up of varied road surfaces.


The current yearly production regime is 180,000 units of six different vehicle models.

Year 1999 2000 2003[nb 1] 2004 2005 2006 2007 2008 2009
Production 586 298 3,810 25,602 45,417 55,900 79,620 106,322 29,240

Model lineup

TagAZ-owned brands


Hyundai brand

BYD brand


  1. For 9 months.


  1. История Донинвест — официальная история марки автомобиля (in русский).<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  2. http://ras.arbitr.ru/PdfDocument/86f101f5-528c-4358-be9f-e984e0b8f412/%D0%9053-14973-2012__20140131.pdf
  3. "Taganrog Automobile Assembly Plant TAGAZ".<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. "Tagaz team looks into technicalities before setting up car plant".<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. "Tagaz Korea plans $2b investment in Bangladesh".<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  6. "South Korean company to manufacture cars in Bangladesh".<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>