India’s largest carmaker, Tata Motors, said it is in talks with Iran’s leading vehicle manufacturer Iran Khodro to set up a joint venture for assembling its petrol cars in Iran.
According to a report carried by the Indian Express, a number of Indian cars, including Tiago, Bolt and Zest, which are powered by Tata Motors’ new Revotron petrol engines, will be jointly assembled at Iran Khodro’s automobile manufacturing plants in the capital Tehran and northeastern city of Mashhad.
The report added that the cars will be imported and assembled at Iran Khodro’s manufacturing facility after adding local contents like tires and batteries.
Tata Motors will also use Iran Khodro’s sales network to sell its cars.
The firm, which is headquartered in Mumbai, is part of India’s massive conglomerate, the Tata Group, which runs a diverse line of businesses ranging from tea to steel.
(Source: Tasnim, under Creative Commons licence)