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 ...

At Tuesday's event, representatives from PwC hobnobbed with senior officials and business figures. - Photos by Saeed Ameri
PricewaterhouseCoopers, a leading multinational professional...
The busiest Iranian airport, Tehran’s International Mehrabad Airport, handles 400 daily flights on average.
An Iranian official said the country’s airport organization...
Melli Bank's Hong Kong Branch Restarts Operations
The Hong Kong branch of Melli Bank London PLC, a subsidiary of...
Production lines of Cherry ‘A5’ and ‘Qq’ along with Lifan X50 and X60 have been halted.
Production lines of four Chinese mid-range vehicles have been...
Fintechs Among Top Iranian Firms
No more than just a few years have passed since Iranian...
IKCO Says Planning  Green Cars
Iran Khodro says it will produce eco-friendly vehicles in the...
TEDPIX Hits 45-Month High
Tehran Stock Exchange’s main index jumped 497.90 points or 0....
Steel production output capacity stands at 37 million tons, with long steel capacity accounting for more than 70%.
The government has turned to various experts for assessing the...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus