Tag Archives | IKCO

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 […]

Iran Khodro to Increase Production in Iraq

By John Lee. Iran’s main car manufacturer is set to raise its production level in Iraq by producing 3,000 vehicles per month. Iran Khodro (IKCO)‘s  Deputy CEO for Export, Saeed Tafazzoli, said its Iraqi partner had decided to allocate most parts of its production lines to IKCO’s vehicles. “IKCO’s rivals have failed to grab the […]

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 […]