During a state visit to Baku President Hassan Rouhani and his Azeri counterpart Ilham Aliyev inaugurated the Iran Khodro-Azermash OJSC joint venture on March 29.
With initial annual production capacity of 10,000 units, the Khazar Car Factory will increase output to 15,000 units.
Two sedan models designed by IKCO namely Dena and Dena+ will initially be manufactured in the neighboring republic, President.ir reported.
The plant is located in southeast Azerbaijan in Neftchala Industrial District that was inaugurated in September 2017 by the Azeri leader. During the Khazar factory opening Aliyev said the joint venture is “a manifestation of Iran-Azerbaijan relations”.
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