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The head of the International Boxing Association (IBA), Umar Kremlev, who is also a business partner of the head of “Rolf” Roman Antonov, spoke about these plans in a conversation with Kommersant. According to Kremlev, the company does not plan to buy one of the factories abandoned by Western automakers – we are talking about its own site, which will be built in Serpukhov, near Moscow.

Rolf has existed since 1991, and currently the holding has three dozen car dealerships throughout Russia and three megamalls in Moscow and St. Petersburg. The company’s portfolio includes 30 automobile brands, including, according to the website, BMW, Audi, Land Rover, Lexus, Hyundai, Kia and others that have left the Russian market, as well as Chinese Geely, Chery and Haval.

As for Kremlev, he has been in the automobile business for a long time – he founded the company “Caprice” in Serpukhov, which provided taxi services, and it still exists. Now the entrepreneur is awaiting a government assessment of Rolf’s business before conducting a transaction to purchase its assets. He spoke about Rolf’s plans to build a plant, and this concerns not only the assembly of cars, but also the production of tires.

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Production is planned in Serpukhov, namely in the future economic zone uniting three cities – Pushchino, Protvino and Serpukhov. The release will be helped by a foreign partner, the Kremlin said, who is being sought in China. Moreover, negotiations have already been held with several Chinese companies, but he did not specify which ones. “We want to make our own brand. If others didn’t succeed, then maybe they don’t have the desire. They do this in order to earn money, and we do it in order to invest money,” he said in an interview with Kommersant.

The Kremlin’s plans are ambitious: according to him, “the main task is to reach an 80 percent market share,” and this applies not only to new cars, but also to used cars and service. “We plan to invest more than 100 billion rubles to implement all this in the near future,” he added.

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