70170
Baku is increasingly interested in Iranian auto parts producers.
Baku is increasingly interested in Iranian auto parts producers.

Auto Parts Makers Building Azeri Ties

Auto Parts Makers Building Azeri Ties

An official with the Iranian Automotive Parts Manufacturers Association has expressed readiness of its members to cooperate with Azerbaijani counterparts.
Head of the association, Mohammad Reza Najafi-Manesh, told Trend News Agency that Iran Khodro is in the process of increasing cooperation with AzEuroCar, an assembler of Iranian cars in the neighboring republic.
Collaboration between Iran’s leading carmaker, Iran Khodro and AzEuroCar, is already underway following an agreement signed last year.
He said Iranian and European firms now have more than 50 joint ventures for producing car parts in Iran.
According to the official, there are about 1,200 auto parts makers in Iran.
Iran’s ambassador in Baku, Javad Jahangirzadeh, had earlier told the Azeri news agency that Iranian and Azeri carmakers are expected to launch a joint venture in September.
 The first products of the auto plant in Azerbaijan’s Neftchala Industrial Quarter are expected in autumn.
In 2016, AzEuroCar and Iran Khodro signed an agreement to set up a joint car plant in the Neftchala region.
With a capacity of about 10,000 cars per year, the company  will produce four Iranian brands – Dena, Runna, Soren and Samand. The project is worth $15 million.

Short URL : https://goo.gl/k3bzrn
  1. https://goo.gl/4VfbEC
  • https://goo.gl/LAZH2q
  • https://goo.gl/6B77ed
  • https://goo.gl/9cAiKx
  • https://goo.gl/SvdUYR

You can also read ...

Iran-Afghanistan Trade Corridors to Bear Fruit for Both India, China
A strategic deployment of trade corridors is taking shape...
EIB Casts Doubt on European Plan to Salvage Nuclear Deal
The European Investment Bank’s global operations would be put...
India Says Iran Economic Ties Not Affected by US Sanctions
Less than three weeks before the first wave of US sanctions...
MTN Halts Iran Fiber Optic Investment
South Africa’s MTN has halted collaborations with Iranian...
Think Tank Recommends Ways of Overcoming JCPOA Challenges Facing EU
European efforts to keep Iran in the nuclear deal (formally...
Majlis Think Tank Calls for  Regulating Cryptocurrency
The research arm of Iran's Parliament has conducted a study on...
Stocks Bow to Systematic Risks
Systematic risks have caught up with the Iranian stock markets...
Warning to Banks Withholding Customer Data
The Iranian National Tax Administration’s special prosecutor...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus