Iran signs $300 million MoU for exports of cars to Russia
A $300 million memorandum of understanding has been signed for the export of cars to Russia, the president of the Association of…
Tag Archives: Iran Khodro Co (IKCO)
Iran to set up car production line in Armenia: TPOI chief
The Head of the Trade Promotion Organization of Iran (TPOI) on Friday announced the launch of an auto production line in Armenia…
Iranian, Russian automotive firms sign $700 mln worth of MoUs
Iranian automotive companies and their counterparts in Russia have signed some $700 million worth of deals to expand their cooperation at a…
Iranian companies to attend Moscow fair to export autos, car parts
Iran’s Ambassador to Russia said that big Iranian automakers and over 50 car parts manufacturers will attend MIMS Automobility Moscow 2022 to…
Iran Khodro says prioritizing exports to Russia
Iran Khodro, the Middle East’s leading automaker, is eyeing Russia’s large market which the Europeans have abandoned amid the raging Ukraine conflict.…
Iran’s largest automaker IKCO reports record daily output
Iran’s largest carmaker the IKCO has reported a record daily output figure amid efforts in the company to improve production processes. The…
Iranian government to sell shares in large domestic carmakers
The Iranian government is planning to sell its shares in large automotive companies in the country, a move it deems necessary to…
Iran Khodro resumes car production in Africa
Iran Khodro, the biggest automobile producer in the Middle East, has reactivated its assembly line for production of Samand sedans in Senegal,…
Iran unveils new home-made car amid surge in output
Iran’s leading automotive company has unveiled a new home-made car amid a surge in domestic output of various car models that many…
Tehran Stock Exchange: The end of an illusion
Al-Monitor | Ali Dadpay: Many Iranian investors have recently seen the value of their portfolios drop significantly due to governmental overregulation in…
Will foreign investment return to Iran’s automotive sector?
Bourse and Bazaar | Hassan Karimi Sanjari: Iran produced just 770,000 automobiles in 2019, down from 1,418,550 just two years prior. The…
IKCO launches 175 projects for auto parts localization
Financial Tribune – In line with efforts to deepen the localization of auto parts production, 175 projects have been launched by Iran’s…
Iran’s automakers need a rescue, but face a reckoning
Bourse and Bazaar – Iran’s giant automakers, Iran Khodro and Saipa, are in a tug of war with the Rouhani administration over…
Iran auto output down 32.5%
Financial Tribune – During the month ending April 17, Iran’s two major automakers, Iran Khodro and SAIPA, produced 22,998 passenger vehicles, which…
Iran’s auto output down 14.6%
Financial Tribune – Iran’s automotive output declined by 14.6% during the month ending May 20 compared to a year earlier. According to…
Iran’s 2019-2020 auto output report
Financial Tribune – Iran Khodro produced 393,812 passenger vehicles during the fiscal year that ended in March, recording an 8.1% year-on-year decline…
Iran unveils first domestically-produced 6-speed transmissions
Press TV – Iran’s leading car-manufacturer has unveiled a first domestically-made six-speed transmission as the company plans to mass produce more comfortable…
Iran’s leading carmaker IKCO halts production due to coronavirus
Press TV – Iran’s leading car manufacturer the Iran Khodro Company (IKCO) has decided to halt production at all its plants after…
Iran auto output up 4% in 10 months
Financial Tribune – Iran’s automotive output increased by 4% during the 10 months ending Feb. 19 compared to a year earlier. According…
Iran Khodro company produces home-made car engine
FNA – Iran’s giant car-maker Iran Khodro manufactured a home-made engine named EC5 which can reduce fuel consumption in Peugeot 301 passenger…
Iran ‘determined’ to fully privatize giant carmakers IKCO, SAIPA
Press TV – Iranian government is absolutely determined to give up its remaining shares in the two giants of the country’s automotive…
Iran automakers face rocky road as output falls while demand rises
Bourse and Bazaar | Hassan Karimi Sanjari: Iran’s automakers have pre-sold more than 1 million vehicles, most of which are earmarked for…
Iranian hybrid taxis join Senegal fleet
Press TV – Iran has delivered as many as 30 hybrid vehicles to Senegal to be used in the country’s taxi fleet.…
Iran’s producing over 4,000 cars per day
IRNA – The daily production of Iran’s two main automakers has exceeded 4,000, according to Minister of Industry, Mine and Trade. Reza…
Iran, Azerbaijan to export co-produced auto to Ukraine
IRNA – Iran’s major car manufacturer Iran Khodro (IKCO) is scheduled to export Dena vehicle, co-produced by Azerbaijan, to Ukraine, according to…
TEDPIX snaps winning streak
Financial Tribune – Tehran Stock Exchange broke a six-day winning streak as investors shifted their attention away from commodity stocks. The market’s…
Iran-Syria joint auto-maker to resume production
FNA – SIAMCO, a joint auto manufacturing company of Iran and Syria, will resume its production of mostly Iranian makes of cars,…
Iran using Peugeot’s technology despite its pullout
Tasnim – CEO of Iran’s major car manufacturer Iran Khodro (IKCO) said his company is employing the technology that PSA Peugeot Citroen…
Car prices almost double: SAIPA joins price race
Financial Tribune – After carmaker Iran Khodro jacked up prices twice over the past few weeks, its archrival SAIPA apparently did not…
Car prices double!
Financial Tribune – The Consumer and Producer Protection Organization and major carmakers have reached an agreement that says car prices at the…
IKCO to deliver presold Peugeot 2008 SUVs
Financial Tribune – Extending apologies for the prolonged delay in the delivery of presold units of the SUV model Peugeot 2008, Iran…
Iran Khodro to unveil upgraded models
Financial Tribune – Iran Khodro, the largest auto manufacturer in the country, is reportedly set to showcase three updated versions of its…
Daimler abandons Iran expansion plans as sanctions bite
Reuters – German car and truck manufacturer Daimler (DAIGn.DE) on Tuesday said it has dropped plans to expand its Iran business in…
Auto industry explores ways to address upcoming US sanctions
Financial Tribune- Key players in the Iranian auto industry are pooling all their resources to address the tumultuous state of the industry…
Iran Khodro to export taxis to Nigeria
Financial Tribune- Iran’s largest automaker Iran Khodro is set to offer two of its locally manufactured sedan models, namely Samand and Peugeot…
Iran plans to increase auto exports to Iraq
Xinhua – An Iranian automaker is set to expand its presence in the Iraqi market by exporting vehicles equipped with automatic transmission,…
110 optional parts for Peugeot 2008 offered in Iran
Financial Tribune- Iran Khodro’s Tuning Division is set to offer enhanced versions of the locally manufactured Peugeot 2008. Keivan Vaziri, the division’s…
Senegal’s police fleet upgraded by Iranian-made car
IFP – Iran Khodro Industrial Group, the country’s biggest car manufacturer, has exported the first consignment of its Dena Plus cars to…
Iran Khodro unveils hybrid electric vehicle
Financial Tribune- Iran Khodro unveiled a plug-in hybrid electric version of its Dena+ sedan over the weekend. The hybrid is equipped with…
Peugeot has to procure 30% of parts for Algeria from Iran
Press TV- French carmaker PSA Group has to procure 30% of auto parts at its Algeria site from Iran under its agreement…