IKCO Restarts Bus Production

Major automaker Iran Khodro Company (IKCO) has restarted bus production lines after a long-drawn lull to meet Tehran’s demand for new public transport vehicles.
Mohammad Zali, the CEO of Iran Khodro Diesel, an IKCO subsidiary, said the production lines are running at lower capacity to deliver 620 buses and minibuses to Tehran Municipality, YJC reported.
The delivery is part of an agreement worth 4 trillion rials ($15.56 million) signed by Tehran Mayor Pirouz Hanachi and IKCO’s CEO Farshad Moqimi in June.
As per the contract, IKCO is to deliver Euro-4 diesel buses with catalytic converters and Euro-6 liquid petroleum gas buses, along with high-quality minibuses. TM and Tehran Bus Company have bankrolled the project.
Zali said the automaker is committed to delivering the vehicles in phases. 
“By early November, 40 LPG and diesel buses were inducted into the capital’s transport fleet. Domestic production of the vehicles cuts capital flight and creates jobs for 1,700 people,” he added.