TEHRAN (ISNA)- Iranian largest state-run auto manufacturer IKCO plans to support the establishment of 17 car component design companies by the next three years, said the company’s CEO Hashem Yekehzareh.
Yekehzareh emphasized that IKCO would back Iranian private sector in design and development of cars and car parts.
“We are after establishing three car body design companies with the help of foreign consulting companies and we also guarantee purchasing their products up to five years,” asserted the CEO and added, “Regarding die production we need to establish 5 die making companies which will be built up within three years and financed by Iran National Development Fund.”
He noted that IKCO would support the required trainings for these companies, and reiterated that the Iranian car maker would purchase their products right from the start up to five years.
“We also require 5 gearbox making, 10 engine part making and 10 new suspension designing companies or we have to upgrade the existing part makers to be able to meet the demands. 3 new private companies have to take care of car trims,” said the CEO, referring to the necessity of enriching electronics of the cars and assembling engine parts in IKCO.
He also pointed to road test as the last step in car production, and said, “The Ministry of Industries, Mine and Trade has provided considerable help in this field with establishing a road test company.”
The Iran Project is not responsible for the content of quoted articles.