IKCO Production Grows by 53%

With the production of 174,695 cars from the beginning of the current fiscal year (March 21) to July 11, the CEO of Iran Khodro Company (IKCO) announced a 53% increase in the production of complete cars compared with the same period of last year.
"Delivery to customers during the period has reached 169,487 vehicles, registering a 30% year-on-year increase," Mehdi Khatibi was also quoted as saying during the meeting with the employees of TAM Company.
He also mentioned that during the same period, deeds were issued for 161,256 cars, which is 41% higher compared with the same period of last year, Donyaye Khodro reported.
"By achieving the goal of producing 750,000 passenger and commercial vehicles this year, the production of complete vehicles will result in saving 70 trillion rials. In addition, it will prevent a decline in the quality of products and reduce social concerns among people due to the decline in supply,” he said.