Tehran, Baku to Produce 4 Sedans in Neftchala
Tehran, Baku to Produce 4 Sedans in Neftchala

Tehran, Baku to Produce 4 Sedans in Neftchala

Tehran, Baku to Produce 4 Sedans in Neftchala

Iran’s Ambassador to Azerbaijan Javad Jahangirzadeh has said the first cars in a joint venture named Azeurocar are expected to be produced in late September.
The groundbreaking ceremony for the plant located in Neftchala Industrial District was held in mid-2016. The production center will start the assembly of Iran Khodro’s cars in the neighboring country.
Jahangirzadeh stressed the impact of economic cooperation between Azerbaijan and Iran, and expressed confidence in further strengthening economic relations between the two countries.
The Neftchala plant will have an annual capacity of about 10,000 cars and produce four Iranian car brands: Dena, Runna, Soren and Samand. The project is worth $15 million.
Earlier, Azeurocar’s representative noted that the price of new cars will be 10,000-12,000 manats ($5,800-7,000), adding that the cars produced at the plant will meet Euro 5 standards.
Production of some spare parts is also planned in local factories. The plant intends to cooperate with Sumgayit Industrial Park and Baku’s energy supplier SOCAR’s new plant.
Some 20% of the vehicles will be exported to CIS and Central Asian countries.
Trade turnover between the countries hit $15.77 million in January 2017, while the index of last January stands at $9.56 million. In 2016, Azerbaijan’s trade turnover with Iran amounted to $210.76 million, which is 70% more than in 2015.


Short URL : https://goo.gl/uVXFBK
  1. https://goo.gl/74CzSF
  • https://goo.gl/7H4LHr
  • https://goo.gl/iGVDP7
  • https://goo.gl/nF6rZR
  • https://goo.gl/C1mPM4

You can also read ...

Airbus, Boeing Executives to Visit Next Week
Executives from aircraft manufacturers Airbus and Boeing are...
TEDPIX gained 1,076.50 points or 1.18% to end trade at 92,628.9, the highest it has ever been.
Tehran Stock Exchange's main index broke above the 92,000...
Tehran to Host Chandeliers Expo
The 25th International Exhibition of Chandeliers and...
t-Lounge by Dilmah was officially launched in Tehran’s Sam Center by Dilmah Founder Merrill Joseph Fernando.
Dilmah Tea, the world-renowned producer-owned tea brand,...
The rial had weakened to its all-time low in the past week, reaching 42,000 per dollar before gaining some ground.
Governor of the Central Bank of Iran Valiollah Seif tamped...
The 11th World Trade Organization meeting concludes in Buenos Aires, Argentina, on Dec. 13.
An Iranian delegation attended the 11th World Trade...
HP has issued a software patch for its customers to remove the keylogger.
Hidden software that can record every letter typed on a...
Reportedly Samsung is on target to expand the iris scanner  to its budget phones by late 2018 or early 2019.
Samsung will reportedly bring several upgrades to the iris...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.