Tag Archives | Peugeot-IKCO car-manufacturing company (IKAP)

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 […]

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 […]

300 Peugeot Pars on their way to Iraq

By John Lee. By the end of this year IKCO will strengthen its presence in Iraq, dispatching 300 Peugeot Pars passenger cars, equipped with automatic gearboxes. “Iraqi market is one of the foremost export markets for IKCO,” said Hassan Golchubian, IKCO Export Director of the Middle East and Africa, adding that as other markets, Iraq […]

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 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 […]

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 […]

Iran to be Peugeot’s Manufacturing Hub in ME, Africa

By John Lee. Tehran Times reports that Peugeot will try to make Iran its manufacturing hub in the Middle East and Africa. Jean Christophe Quemard, Executive Vice-President of Middle East and Africa, said Peugeot plans to offer 30 percent of its joint products with Iran Khordo Company (IKCO) in markets across the region, adding: “After […]