The IZh 2125 "Kombi" (Russian: ИЖ-2125 Комби, short for "combination") is a compact car produced by the Soviet automobile maker IZh from 1973 to 1997. It was based on an Izhevsk-modified Moskvitch 412, with the first prototype released in 1972 as a small family car. It was considered to be the first Soviet hatchback (released about a decade before the well-known Lada Samara), though the car actually possesses a station wagon body wherein the "D" pillar has its own support and does not gain from weight reduction (which would position the model more in the liftback family).

In 1982, the Kombi received a facelift, along with the IZh-produced Moskvitch 412 and IZh 2715 panel van and was then rebranded as a 21251. Among notable features, the car borrowed the dashboard from the Moskvitch 2140 and featured improved seats and headrests.

The IZh 2125 sold into the 1990s. As the Soviet Union collapsed, IZh was first privatized as "OAO Izhevsk" and slowly started converting their automotive production lines to other kinds of manufacture, such as firearms. In 1995—96, when AZLK's revenue decreased drastically, the company was partially reacquired by AutoVAZ and renamed "IZhAuto". Vaz then discontinued all of IZh's previous models and run their own ones into production. A new hatchback version was branded IZh 2126 "Oda" and ultimately replaced the Kombi.