Tag Archives | automobile manufacturing

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 […]

Iran Stops Producing 11 Truck Models

During the Iranian calendar month to 21st December, the production of 11 heavy duty vehicles and pickup trucks in Iran has been stopped. Iran Khodro Diesel (IKD), a subsidiary of Iran’s largest car manufacturer, stopped production of two heavy duty vehicles — the Mercedes-Benz tipper truck LK 2624 and Mercedes-Benz Axor K3335 — and the recently-introduced […]

Iran Khodro Unveils New Models

By John Lee. Iran Khodro (IKCO), Iran’s largest carmaker, has announced that two new products — the Peugeot 207i and Dena Plus — will enter mass production in the second quarter of 2017. Keyvan Vaziri, IKCO Deputy CEO in New Product Development told the press that the Dena (pictured) is the first Iranian sedan with […]

Iran’s Auto Production up 39% in 9 Months

The number of four-wheeled motor vehicles manufactured in Iran during the first nine months of the current Iranian calendar year, which started on March 20, shows a 39.1 percent increase compared to the same period last year. From March 20 to December 20, nearly 950,000 four-wheeled vehicles of various types, including automobiles, buses and trucks, […]

Iran to Produce Cars in Algeria

The largest car manufacturer in the Middle East, Iran Khodro (IKCO), has taken the first step in establishing a production site in Algeria by launching a joint venture with the African country called IKCO-ALGERIA, and dispatching the required equipment for setting up a production line there. In a meeting with the CEO of Algerian industrial […]

How Iran’s Auto Industry became a Political Football

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. Iranian hard-liners have launched a new attack on the administration of President Hassan Rouhani, this time focusing on the country’s automotive industry. At an Oct. 25 parliamentary hearing, the Industries and Mines Committee grilled […]

Iran to be Peugeot’s Manufacturing Hub in ME, Africa

By John Lee. Tehran Times reports that Peugeot will try to make Iran its manufacturing hub in the Middle East and Africa. Jean Christophe Quemard, Executive Vice-President of Middle East and Africa, said Peugeot plans to offer 30 percent of its joint products with Iran Khordo Company (IKCO) in markets across the region, adding: “After […]

Production up at Iran Khodro

Iran Khodro (IKCO) produced 57,879 sedans and pick-ups in the last Iranian month i.e. July 22 to August 21, the highest volume in the past 5 months. Comparing to the same month last year, production increased 36 percent from 42,449 to 57,879 units. The company produced 244,265 units in the first 5 months, up 11,000 […]

Iran’s Auto Market Promising: Japanese Trade Adviser

The adviser in charge of the Middle East at the Japan External Trade Organization in Tokyo said automotive demand in Iran is promising due to its population. “Iran is a country which has been already producing automobiles and is not an export market for completed cars,” said Yoichi Yamamoto as cited by the Japan Times […]

IKCO to build Plant in Azerbaijan

By John Lee. Iran Khodro (IKCO) is to set up a new production line in Naft Chaleh in Azerbaijan to make its Dena, Runna, Samand and Soren models. The project is expected to be finished by the first half of next year, and employ 300 people. The vehicles are expected to be put on sale in […]

Iran Khodro in talks with LG to make Electric Vehicles

By John Lee. Iran Khodro‘s CEO Hashem Yekke-Zare has told Bloomberg that his company is in talks with South Korea’s LG International to develop electric vehicles for the Iranian market, adding that a deal may be reached by autumn. The Korean company would supply batteries and other components and install charging stations, while Iran Khodro would […]

€300m Deal to Build Citroëns in Iran

France’s PSA Group, and SAIPA, Citroën‘s historic partner in Iran since 1966, have signed a framework agreement to create a joint-venture to produce and sell Citroën vehicles in Iran. The French company says this 50/50 joint venture lays the foundations for a strategic partnership between the two companies. It will cover the entire value chain, […]

Peugeot-Citroen, Iran Khodro in $450m Iran Deal

France’s PSA Group — maker of Peugeot and Citroen — and Iran Khodro (IKCO) signed the final joint venture agreement on Tuesday to produce latest-generation vehicles in Iran. Commenting on the agreement, Jean-Christophe Quémard, Executive Vice-President, Middle East & Africa, said: “Today marks a crucial milestone in our project with Iran Khodro. The two partners […]

German Carmakers Resume Cooperation with Iran

Iranian Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh has said major German automakers intend to resume their activities and investments in Iran. Speaking to reporters after his meeting with German Economy Minister Sigmar Gabriel in Berlin on Monday, Nematzadeh pointed to the presence of German carmakers in Iran, saying that the two countries […]

India’s Tata Motors in JV Talks with Iran Khodro

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’ […]