Tag Archives | IKCO

Autoneum enters Iran Growth Market

Swiss-based company Autoneum has concluded an exclusive license agreement with Iranian automotive supplier Ayegh Khodro Toos (AKT) for the production and distribution of its multifunctional components for acoustic and thermal management in Iran. In the future, Ayegh Khodro Toos will produce carpet systems and inner dashes at its plant in Mashhad (Razavi-Khorasan province) for IKAP, […]

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: […]

Iran Eager to Work with German Entrepreneurs

An Iranian minister expressed the country’s willingness to develop a close partnership with German entrepreneurs and industry leaders. In a meeting with a group of German business people in Tehran on Monday, Iranian Minister of Cooperative, Labor and Welfare Ali Rabiee said Iran is ready for trade interaction with German entrepreneurs and industry owners. Highlighting […]

Mercedes-Benz, Iran Khodro to Launch Joint Venture

Representatives of Iranian automobile manufacturer Iran Khodro Company (IKCO) and the German automaker Mercedes-Benz signed a contract to launch a joint venture. According to the contract signed in Germany on Tuesday, the two firms will establish a joint company working in the field of sales and after-sales service of commercial vehicles. IKCO and Mercedes-Benz, which […]

Renault signs EUR 660m Deal with Iran

France’s Groupe Renault has announced the signature of a joint venture agreement with the Industrial Development & Renovation Organization of Iran (IDRO) and PARTO NEGIN NASEH Co, an importer of Renault products in Iran. According to a report from Tasnim, the contract is worth 660 million euro. The proposed joint venture company, of which Renault […]

Iran Khodro signs Deal with Hyundai

The CEO of Iran Khodro Diesel (IKD) has announced that his company has restarted cooperation with Hyundai of South Korea. Aliraza Sajedi said: “As one of the oldest partners of Hyundai Company in commercial vehicles, Iran Khodro Diesel Company is going to produce Hyundai’s latest vehicles for Iran’s market. “As always, cooperation with prominent carmakers […]

Iran Khodro Kermanshah Launched

Iran Khodro Kermanshah Company with a nominal capacity of 30,000 units per annum and two working shifts launched in the presence of the first Vice President, Minister of Industry, Mine and Trade, the Company’s CEO and a group of senior managers of Iran Khodro Industrial Group. The site is supposed to give a hand in […]

Spain’s SERNAUTO in Discussions with IKCO

Spanish Auto Parts Manufacturer Association SERNAUTO has expressed its readiness to cooperate and interact with the largest Iranian Automaker Iran Khodro (IKCO). Iranian automakers and part manufacturers of IKCO supplier, SAPCO, in a joint meeting with a high-ranking delegation of Spanish Parts Manufacturers Association, traveling to the Islamic Republic of Iran on behalf of top […]

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 […]

Iran Khodro ups Capacity at Iraq Plant

By John Lee. Iran Khodro (IKCO) has said that 2,500 units of its Samand model (pictured) are expected to be produced this year in its Iraq plant. The site at Iskandariya has been upgraded with new equipment, and now has the capacity to make 45 to 50 cars per day. (Source: IKCO)

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 […]

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, […]

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 […]

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 Khodro Sells Taxis to Ivory Coast

Iran’s leading car manufacturer, Iran Khodro Industrial Group (IKCO), has taken the first step to renew the taxi fleet of Ivory Coast by exporting a number of its vehicles to the African country. The delivery of a number of Samand and Runna vehicles to Ivory Coast’s Taxi Syndicate was made in a ceremony attended by […]