64315
New Chinese-Iranian MG Goes for Tests
New Chinese-Iranian MG Goes for Tests

New Chinese-Iranian MG Goes for Tests

New Chinese-Iranian MG Goes for Tests

Iranian-Chinese joint venture MG Pars has begun testing its new vehicle, the MG360 in Tabriz this week. The company will soon take pre-orders of the new sedan.
It will be priced at 530 million rials ($14,130) for the manual transmission vehicle and 630 million rials ($16,800) for the automatic version, according to local car website Asbe Bokhar.
The price for the base version of the MG360 was 170 million rials ($5,000) cheaper than previously reported on April 18.
The 50-50 joint venture was created three years ago between China’s SAIC Motors and AZVICO— a subsidiary of Iran Khodro Group based in the northwestern city of Tabriz.
Last September, CEO of AZVICO Nasser Naqdi had announced the production of the model saying “MG360 is the newest car to be produced in Iran.”
Naqdi said the price and production rate will be “determined by the market.”
At the time, he also said the two firms would invest $20 million each in the JV and in future direct investments would increase to $400 million later (2017-18).
The first units have been assembled from completely knocked-down parts. However, sources close to the company say the firm is aiming to increase its share in the production by launching spare part factories.
MG Pars already has an import distributer by the name of Media Motors, who sells other vehicles by the former British brand including the MG3, MG6, GT and GS models.

Short URL : https://goo.gl/45ng3U
  1. https://goo.gl/ij6wvg
  • https://goo.gl/pqPGkz
  • https://goo.gl/pHlEZq
  • https://goo.gl/6T3lcg
  • https://goo.gl/2Zsabm

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Two-Month Auto Parts Import Bill: $468m
Iran’s auto parts import bill for the first two months of the...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
IRIR Unveils Suburban Rail Expansion Plans
The Islamic Republic of Iran Railways plans to expand suburban...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus