Tag Archives | automobile manufacturing

Iran revs up for Auto Revolution

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. The auto giant PSA Peugeot Citroen has become the first foreign company since the Jan. 16 implementation of the Joint Comprehensive Plan of Action to obtain a license from the Iranian government to invest […]

Iran ‘Must Privatise Car Industry’ – Rouhani

By John Lee. President Hassan Rouhani said on Tuesday that Iran’s car industry “must be completely privatised” to meet the government’s goal of turning it into a global competitor. The Iranian state currently controls roughly half of the auto sector. He added that Iranian carmakers, which form the second biggest sub-sector of the economy behind oil, […]

Chinese Carmakers to be Pushed Out of Iran?

A deputy industry minister has been quoted by the media as saying that the Chinese car manufacturers will have to leave Iran if they fail to increase the share of local content. PressTV quotes Mohsen Salehi-Niya as saying: “The Chinese should speed up their activities to increase the share of local content in their car […]

16 Foreign Automakers to come to Iran

By John Lee. The head of a recent auto industry exhibiton has said that 16 foreign car and truck companies, want to set up operations in Iran. Sassan Qorbani said the companies included Volvo, Scania, Peugeot, Fiat and Kia, along with five Chinese manufacturers. He said in addition to the two major domestic auto manufacturing […]

Will French Carmakers rev up Iran’s Auto Industry?

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 his first trip abroad following the Jan. 16 implementation day of the Joint Comprehensive Plan of Action, Iran’s President Hassan Rouhani toured Italy and France, where he signed major deals with Airbus SAS […]

Russia to Assemble Trucks in Iran

By John Lee. KAMAZ, Russia’s biggest truck maker, intends to re-enter the Iranian market this year, and want to start assembly in the country by 2017. The thirteen-time winner of Dakar Rally for trucks left the Iranian market in 2010. The head of KAMAZ sales division, Rafail Gafeev, said: “We are entering the Iranian market […]

Peugeot Returns to Iran in 400m EUR Deal

During President Hassan Rouhani’s state visit to Paris, PSA Peugeot Citroën, which has operated in Iran for more than 30 years, and Iran Khodro (IKCO) signed a joint venture agreement to produce latest-generation vehicles in Iran. This 50/50 joint venture lays the foundations for a strategic partnership between the two companies. This joint venture is […]

Suzuki Eager to Return to Iran

By John Lee. The President of Japan’s Suzuki Motor Corporation said on Thursday that it is considering re-entering the Iranian market: Toshihiro Suzuki told reporters: “We signed a licensing deal with Iran Khodro Industrial Group for local production in 2005. With the recent easing of sanctions, we’d like to consider restarting our business there.” Under […]

Daimler sees ‘Huge Demand for Commercial Vehicles’

By John Lee. BBC News reports that Daimler Trucks has wasted no time in reentering the Iranian market, with the announcement that it plans to restart sales and local production. The company, which left Iran in 2010, says there is “huge demand for commercial vehicles, especially trucks“, and says it will produce engines and and […]

Renault-Nissan ‘Ready’ for Iran

By John Lee. The head of the Renault-Nissan alliance has said the company is ready to expand its manufacturing footprint in Iran once sanctions are lifted. Carlos Ghosn (pictured) told reporters that the company will be “extremely careful” in how it proceeds, but added, “Iran is a very promising market … Today it’s more than […]

Fiat in Talks for Auto Production in Iran

Iran’s Minister of Industry, Mine and Trade, Mohammad Reza Nematzadeh, has said that Italy’s Fiat is in talks with Iran Khodro to produce commercial vehicles, buses and gas-fueled engines in Iran. Around 370 Italian traders, including representatives of steel group Danieli, energy company Enel, agricultural machinery maker CNH Industrial, Telecom Italia and several banks, recently […]

Sweden’s Leax Group Considers Iranian Market

Swedish mechanical components manufacturer Leax Group is reported to be eyeing the Iranian market for potential major new business. Following a recent visit to the country organised by Scandinavian automotive supplier association, FKG, Leax Group president and CEO Roger Berggren (pictured) told just-auto: “Iran used to be a very good market for Volvo and Scania […]

IKCO Vehicle Production Slumps

Vehicle production at the Iran Khodro Company (IKCO), Iran’s largest auto manufacturing company, has fallen below 1,000 units a day. Tasnim News Agency reports that as recently as last May the company was producing 2,400 units per day, but this fell to 910 units per day for the month ending 22nd October. An unnamed official […]

Can Iran Shield its Embattled Auto Sector?

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. Last week, a group of lawmakers from the Iranian parliament’s Industries and Mines Commission introduced a motion to further raise import duties on passenger cars. The underlying assumption is that Iran’s 48-year-old auto industry […]

Will Boycott Stifle Iran’s Auto Industry?

By a Correspondent in Tehran, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Will boycott campaign put the brakes on Iran’s auto industry? Just as Iranian authorities are preparing for a post-sanctions economic revival, another problem has emerged. A group of Iranian citizens has launched […]