Economy, Auto
0

Iran Khodro (IKCO) Selected Top Automotive Exporter

IKCO Selected Top Automotive ExporterIKCO Selected Top Automotive Exporter

On October 20, Iran’s top exporters were introduced and honored at a ceremony held to mark the 20th anniversary of National Exports Day, which was aimed at helping local companies boost their sales.

President Hassan Rouhani attended the event at Iran’s International Conference Center along with other government officials.

Iran Khodro Company was named as the country’s top automotive exporter, pipping SAIPA group to the position this year, according to IKCO Press, the company’s news wire.

IKCO exported more than 10,000 vehicles in the last Iranian year (ended March 20), registering a 100% growth in exports.

Iraq, Syria, Turkmenistan and Armenia are the biggest markets for the car company’s exports, to which it has now added Kazakhstan and other members of Commonwealth of Independent States.

The car company is also gaining a larger share of the North African market, with Algeria recently importing IKCO’s Dena model.

According to a report in this newspaper, 300 Dena models made their way to an Algerian dealer called Farmavol that intends to produce the car at a later date.

IKCO also aims to export 20,000 units by the end of the current Iranian year (March 20, 2017) to several markets in complete-knocked down form as well as finished products, according to previous statements by the company.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com