Iran Khodro Joins the More Costly List

Iran Khodro increased factory prices of three models at the weekend including vehicles based on Peugeot 405 and Renault Logan.
The company raised the price of a face-lifted version of Peugeot 405 with automatic gearbox locally known as Peugeot Pars from 540 million rials ($4,820) to 83 million rials ($7,410), a whopping 54% increase.
Factory price of a pickup model based on Renault Logan, called Tondar in Iran has been almost doubled reaching 770 million rials ($6,870) from 390 million rials ($3,480). The state-affiliated firm also increased the price of the Chinese-derived pickup Arisan from 310 million rials ($2,760) to 360 million rials ($3,220)
While experts say IKCO’s decision to jack up prices to such a large extent is illegal and unacceptable, the company has put out a press release claiming that the decision is fully in line with state regulations.