41789
Hyundai’s CKD Truck Entry Likely
Economy, Auto

Hyundai’s CKD Truck Entry Likely

Hyundai Motor is likely to resume knockdown exports to Iran of its Mighty medium-duty trucks, as the automaker is undergoing the legal review of a deal to export auto parts to SDM, a local company.  
According to Dong News website, the company plans to reach an agreement by next month at the earliest.
“SDM will be able to launch Mighty as its first automobile,” the report said.
Concrete numbers are yet to be fixed, but the annual output is expected to reach between 2,000 and 3,000, given the size of the local market.
Hyundai has already agreed with SDM immediately after the removal of sanctions imposed on Iran that it will supply parts for the model upon SDM’s request.
Prior to sanctions, Hyundai had a contract with Iran Khodro Diesel to produce trucks in their factory, including the Mighty and Chorus models.
The company announced it is still in search of a local partner to conduct a knockdown for sedans.

Short URL : http://goo.gl/AuYeki
  1. http://goo.gl/XCLHe3
  • http://goo.gl/NxQdVY
  • http://goo.gl/vTQVwL
  • http://goo.gl/Yzv0Xh
  • http://goo.gl/YyEgxX

You can also read ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...

Trending

Googleplus