Tag Archives | automobile manufacturing

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, […]

Russian Firm to Assemble Vehicles in Iran

By John Lee. Russian automobile manufacturer UAZ is reported to be planning to set up a vehicle assembly plant in Iran in 2018. According to Russian Construction, the company will assemble the UAZ Patriot (pictured), UAZ Pickup and UAZ Cargo vehicles in partnership with local company Tavan Khodro Jey. (Source: Russian Construction)

New US Sanctions Could Help Peugeot in Iran

New US Sanctions Could Help Peugeot Extend Its Lead in Iran’s Car Market A senior official with the giant French automotive Peugeot Citroen said recent new US sanctions against Tehran could play to the vehicle manufacturer’s advantage. “This is our opportunity to accelerate,” Peugeot Africa and Middle East chief Jean-Christophe Quemard said at a recent […]

S. Korean Envoy Sees Bright Future for Iran’s Auto Industry

South Korea’s ambassador to Tehran dismissed the notion that Iran is just a suitable market for selling cars and auto parts, predicting a bright future for the Iranian automobile industry’s presence in global markets. Iran is not just a place for the sale of vehicles and automobile components, and will become a “serious rival” for […]

Iran to Finalize Deal with Renault in Weeks

The Iranian Minister of Trade and Industry Mohammad Reza Nematzadeh said a much-awaited contract with French automaker Renault is going to be signed by March 20. The deal with Renault is in the final stages, Nematzadeh told  the Tasnim News Agency on Monday. “They (Renault officials) have promised that it (the deal) would be signed […]

Belgian Gearbox Factory Opens in Iran

By John Lee. The Financial Tribune reports that the Belgian firm Punch Powertrain has opened a factory to make continuously variable transmissions (CVTs) in Zanjan, northwestern Iran. The company will have an 80-percent ownership of the plant, with Iran’s Industrial Development and Renovation Organization (IDRO) taking 20 percent. 160,000 automatic gearboxes will be manufactured in the […]

Iran Khodro signs three Contracts with Mercedes-Benz

featuredThe CEO of Iran Khodro (IKCO) has announced that his company has recently signed three contracts with the German automaker Mercedes-Benz to launch joint ventures. Speaking to reporters in Tehran, Hashem Yeke Zare said three cooperation agreements have been signed between the IKCO and Mercedes-Benz. He added that two more contracts between the two companies […]