Tag Archives | Iran Khodro

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 […]

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 […]

Renault steps up Business in Iran, forms new JV

Renault announced on Friday that an agreement has been signed for the creation of a joint venture with the Industrial Development & Renovation Organization of Iran (IDRO). Renault will be the majority shareholder. “The Iranian government wants to attract foreign investment in the Iranian car industry to bring competitive new products benefiting Iranian customers with […]

Peugeot to Sell over 450,000 Vehicles in Iran in 2016-2017

The CEO of PSA Peugeot Citroen said the French carmaker plans to sell over 150,000 Peugeot vehicles in Iran in the second half of this year, a report said. Carlos Tavares (pictured) told reporters at the Paris autoshow on Thursday that Peugeot will sell over 150,000 vehicles in 2016 as well as over 300,000 in […]