Rayen Automotive Company will be presenting three new models in the Iranian market over the next month.
Omid Reza Taleshian, spokesperson of the company, also said, "For a year, we have been negotiating with major brands to start production in Iran. A deal is close and we hope to start a joint venture with two brands."
The official, however, did not name any of the brands.
Rayen Khodro plans to manufacture 16,000 vehicles this Iranian year (ending March 19, 2016) while "providing high quality cars with minimum depreciation", the spokesperson said.
According to the local automotive website Asre Khodro, one of the models is affordable and will cost under 400 million rials ($12,500 at market exchange rate).
Taleshian revealed that the cars are Chinese (without naming them), but the most important parts such as the engines and gearboxes are made in Japan.
According to the spokesperson, the spare parts for the vehicles have also been purchased and are ready for sale.
Rayen Khodro is a subsidiary of Kerman Automotive Industrial Company and has been operating for over 12 years.
Before the production of Hyundai's sedans Avante and Verna stopped, Rayen Khodro used to sell the two models in Iran. The company now sells the Chinese Voleex C30 manufactured by China's Great Wall auto manufacturing company.
Taleshian explained that western sanctions on Iran over its nuclear energy program are not the main reason for the rise in car prices over the past few years, placing the blame on the depreciation of rial against other major currencies.
"Therefore, we should not expect prices to drop when the sanctions are lifted," he said.
