Economy, Auto

Car Deals With Algeria Roll

Car Deals With Algeria Roll
Car Deals With Algeria Roll

Iran Khodro has begun exporting vehicles to Algeria based on a memorandum of understanding signed by the two sides.    

Saeed Tafazzoli, IKCO's deputy for export, said the MoU includes exporting 15,000 vehicles to Algeria and establishing a production line in that country.

He noted that by the end of 2016, all IKCO’s commitments would be accomplished, including exports.

Tafazzoli noted that as of the beginning of 2017, the Algerian government will ban importing vehicles assembled outside the country.

“As a result, IKCO would supply Algeria with vehicles assembled in that country. To this end, we have three options: First and foremost, moving our production line from Senegal to Algeria, moving Bardo (IKCO's previous pickup) production line to Algeria and finally establishing a new production line in the country,” he said.

Speaking at a joint press conference with IKCO’s dealership head in Algeria, Tafazzoli said IKCO’s new production line would be established in a region about 300 km from the capital Algiers with an annual production capacity of 30,000 vehicles using CKD technology.

  ISACO's New CEO Appointed

Iran Khodro's CEO has appointed Reza Hosseini as the head of ISACO and a member of the company’s board of directors.    

Iran Khodro Deputy CEO Abbas Maleki Tehrani confirmed the appointment by saying IKCO’s "customers deserve better services."

“We should function as per international standards and offer our after-sales services speedily,” he said.

Hosseini has an MA in mechanical engineering. He started his career in Fath Industrial Group since 1996. From 1999 to 2003, he served at Iran Khodro and from 2003 to 2013, he was Iran Khodro Diesel Company's deputy manager for design and production engineering. He was also a member of the board of directors of Top Khodro and CEO of Setareh Iran.