Tag Archives | automobile manufacturing

6000 IKCO Cars to Be Dispatched to Iraq

Iraq‘s car market is one of IKCO‘s best export targets and the company is planning on shipping 6000 sets of cars as Samand, Soren, Peugeot Pars and Dena to this market. Hassan Golchubian, IKCO’s Exports Director for Middle East and Africa asserted, “Considering the export markets’ demand for cars with automatic gearboxes, IKCO has set […]

Iran World’s 16th Biggest Car Manufacturer: OICA

Iran’s car output reached 1.515 million units in 2017, the International Organization of Motor Vehicle Manufacturers (OICA) reported. The figure indicated an 18.2-percent rise year on year, according to the report, the Trend news agency reported. The Islamic Republic was the world’s 16th biggest car manufacturer in 2017. In terms of output growth rate, Iran […]

Proton to Return to Iran

By John Lee. Malaysian automaker Proton Holdings will reportedly return to Iran. According to New Straits Times, Proton’s parent company set up Proton Motor Parsian Company (Ltd) (PMPC) on 10th April. The new company will assemble cars with completely knocked down and semi knocked down parts. (Source: New Straits Times)

Iran, Azerbaijan Inaugurate Joint Car Plant, Railway Project

Iran and Azerbaijan have launched a joint car plant and a railroad connecting Iran’s northern city of Astara to its namesake in the Azerbaijan Republic. The inauguration ceremony of the plant and the Astara-Astara railroad was held in Azerbaijan with Iranian President Hassan Rouhani and his Azeri counterpart, Ilham Aliyev, in attendance. The joint car […]

Iran to Open Car Plant in Azerbaijan

Iranian President Hassan Rouhani will inaugurate a car factory in the Republic of Azerbaijan in an upcoming visit, Iran’s economy minister said. Speaking to reporters at the conclusion of a Tuesday session of a joint commission on Iran-Azerbaijan cooperation, Massoud Karbasian said an Iranian automobile factory will open in the Republic of Azerbaijan during President […]

300 Peugeot Pars on their way to Iraq

By John Lee. By the end of this year IKCO will strengthen its presence in Iraq, dispatching 300 Peugeot Pars passenger cars, equipped with automatic gearboxes. “Iraqi market is one of the foremost export markets for IKCO,” said Hassan Golchubian, IKCO Export Director of the Middle East and Africa, adding that as other markets, Iraq […]

Big Growth Expected in Iran’s Car Market

By John Lee. Iranian car maker Iran Khodro (IKCO) expects Iran’s car production to hit 3 million units annually by 2025, of which 60 percent (1.8 million units) would be produced by IKCO, up from 24 percent in 2016. Addressing Iran’s 5th Automotive Industry International Conference in Tehran on Tuesday, company CEO Hashem Yekehzare (pictured) […]

Peugeot 2008 ramps up Production

The CEO of IKCO Supplying Automotive Parts Company (SAPCO) says given a growing demand for Peugeot 2008 in the Iranian vehicle market, the joint venture company between Iran Khodro and France’s Peugeot — Peugeot-IKCO car-manufacturing company (IKAP) — plans to increase its production. In an address to a joint meeting between the managers from Peugeot, […]

PSA Sells 444,600 Units in Iran

By John Lee. French carmaker Groupe PSA, which makes the Peugeot and Citroen brands, has reported that it has sold 444,600 units in Iran in 2017. Consolidated sales in the Middle East & Africa region were up by 61.4% on the previous year. In a statement, the company also made reference to the production start-up […]

Renault’s Iran Sales up 49%

By John Lee. France’s Renault has reported that its vehicle sales in Iran rose 49.3 percent in 2017. With sales of 162,079 units for the year, the company claims a market share of 10.8 percent (up 2.4 percentage points), on the back of the success of the Tondar and Sandero models. The figures include sales […]

Iran Khodro Production Up 14%

By John Lee. Production at Iran Khodro (IKCO) has grown 14 percent in the first seven month of the current Iranian calendar year. The company produced over 390,000 vehicles in the period compared with 342,000 in the same period last year. Its main products were: Peugeot 405: 81,000 units; Peugeot 206: 77,000 units; Peugeot Pars: […]

Renault Will Not Leave Iran in Face of More US Sanctions

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, said the French carmaker would not “leave Iran” even if Washington re-imposed new sanctions against Tehran. “Obviously if it becomes impossible to deal with Iran we will put a plan together for the suspension of our business there, but that’s not at all to say that […]

Proton’s Iranian Subsidiary Dissolved

By John Lee. The Iranian subsidiary of Malaysia’s Proton Holdings has reportedly been disolved. According to Daily Express Malaysia, the wholly-owned subsidiary Proton Motor Pars Co (PMP) was set up to assembly cars and make accessories and spare parts. The company had been dormant since incorporation in August 2011. (Source: Daily Express Malaysia)

Volkswagen starts Automotive Business in Iran

Germany’s Volkswagen will begin the sale of vehicles in Iran in August. Initially, Volkswagen’s Tiguan and Passat models are to be imported under a contract concluded with the Iranian automotive company Mammut Khodro. The Volkswagen brand will thus again have a presence in the Iranian market after more than 17 years, and is systematically developing […]

Pininfarina announces Deal with Iran Khodro

Italian design firm Pininfarina S.p.A has announced the closing of a commercial agreement with Iran Khodro (IKCO). The agreement foresees that Pininfarina will develop a modular automotive platform, able to house at least four different vehicles, and the first passenger car of the medium segment of the  market. Activities will span from the definition of […]

$270m Contract for IKCO

Iran Khodro (IKCO) CEO, Hashem Yekehzare, has announced a $270-million contract and MOU between five Iranian organizations and five major global corporations in car design and development which will lead to introducing 23 cars in 10 years. “In this consortium, Iranian auto parts makers will be present in the process of design and development and […]

Why French Carmakers are real Winners of Iranian Protectionism

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s auto industry is only second to its energy sector, accounting for some 10% of the gross domestic product and 4% of employment. Showcasing the Islamic Republic’s efforts to become an industrial economy, it […]

Why Iran’s Auto Ambitions will Benefit Economy, not Consumers

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In February, Iran hosted an international auto show for the first time in 11 years. Some two dozen European, Asian and Iranian brands, including Iran’s longtime French partners Renault and Peugeot, took part in the […]

Iran Khodro launches new Mini-Truck

By John Lee. Iran Khodro Diesel (IKD), the manufacturer of IKCO‘s commercial vehicles, has introduced its new mini-truck, the Persika (pictured), to the market. IKD CEO Gholamreza Razazi said it will be available in 6-ton cargo and 8.8-ton cargo versions, adding that it is powered by a 141hp engine that meets Euro 4 environment standard […]

Iran Khodro Tabriz nearly Triples Production

By John Lee. Iran Khodro Tabriz, a subsidiary of IKCO that manufactures the Samand and Soren sedans and the Arisun pick-up, has announced a 167-percent increase in production. The company, based in East Azerbaijan province, made 80,198 vehicles in the year starting 20th March 2016. This included 66,172 Samand models (pictured), 12,323 of the Arisun, […]