Tag Archives | Iran Khodro

IKD to make 15,000 Commercial Vehicles this Year

According to Iran Khodro Diesel‘s CEO, 15,000 commercial vehicles will be produced to join Iranian commercial fleet this year. Referring to the sanctions’ conditions this year, IKD CEO highlighted the ability and capacity of his company to domestically produce vehicles and added: “The commercial vehicles’ powertrains will be supplied by Iranian companies including IDEM, Charkheshgar, […]

Peugeot-Citroën to Pull Out of Iran

French car maker PSA Group has said it will pull out of two joint in Iran following Washington’s withdrawal from the Iran nuclear deal. In a statement, the maker of Peugeot and Citroen cars said: “After signature of the Joint Comprehensive Plan of Action (JCPOA) on July 14th, 2015 and the lifting of international sanctions […]

6000 IKCO Cars to Be Dispatched to Iraq

Iraq‘s car market is one of IKCO‘s best export targets and the company is planning on shipping 6000 sets of cars as Samand, Soren, Peugeot Pars and Dena to this market. Hassan Golchubian, IKCO’s Exports Director for Middle East and Africa asserted, “Considering the export markets’ demand for cars with automatic gearboxes, IKCO has set […]

IKCO to supply Nigerian Taxi Fleet

Iran Khodro (IKCO) is to sell 310 IKCO Samand and Peugeot 405 cars to supply Nigerian taxi fleet. “Since Nigeria is developing economically, IKCO can win a good share of its car market by dispatching its products to this country,” said Hassan Golchubian, IKCO Export Director for the Middle East and Africa. Given the fact […]

Iran Supplies Senegal Police Fleet

Iran Khodro (IKCO) has supplied its first export cargo of Dena+ police cars to Senegal. The bi-fuel cars are equipped with special extras for police cars, and according to the company, have “prepared the ground for re-export of IKCO cars to the West African countries.” (Source: IKCO)

Big Growth Expected in Iran’s Car Market

By John Lee. Iranian car maker Iran Khodro (IKCO) expects Iran’s car production to hit 3 million units annually by 2025, of which 60 percent (1.8 million units) would be produced by IKCO, up from 24 percent in 2016. Addressing Iran’s 5th Automotive Industry International Conference in Tehran on Tuesday, company CEO Hashem Yekehzare (pictured) […]

Peugeot 2008 ramps up Production

The CEO of IKCO Supplying Automotive Parts Company (SAPCO) says given a growing demand for Peugeot 2008 in the Iranian vehicle market, the joint venture company between Iran Khodro and France’s Peugeot — Peugeot-IKCO car-manufacturing company (IKAP) — plans to increase its production. In an address to a joint meeting between the managers from Peugeot, […]

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 […]

Iran’s New Industrial Policy to “Transform Political Economy”

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. New Industrial Policy Poised to Transform Iran’s Political Economy This past summer, the Industrial Development and Renovation Organization of Iran (IDRO) concluded landmark agreements with French automaker Renault and transportation giant Alstom as well […]

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 […]