COSKUNOZ HOLDING TO MANUFACTURE PARTS OF RUSSIA’S FIRST LUXURY CAR

After launching mass production at the Alabuga Special Economic Zone in the Tatarstan Republic of the Russian Federation in 2014, Coskunoz Holding will now manufacture various auto body parts for Russia’s first luxury vehicle, Aurus. The new project carries considerable weight for the company in terms of prestige, according to Erdem Acay, CEO of Coskunoz Holding. The company’s subsidiary, Coskunoz Alabuda, will manufacture molds and sheet metal for the Sports Utility Vehicle (SUV) and Multi-purpose Vehicle (MPV) models of Aurus. “These vehicles will enter the automotive market as a strong player and reshape competition in the luxury vehicle category,” said Acay. Coskunoz Holding has invested nearly EUR 60m in the Alabuga Special Economic Zone so far and the company aims to further invest EUR 15m in 2021 and 2022 in order to expand its investment reach in Russia. Mass production of the Aurus began on May 31.