Economy, Auto
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Local Dealer Says Will Start Car Production With Foreign Firm

Local Dealer Says Will Start Car Production With Foreign Firm  Local Dealer Says Will Start Car Production With Foreign Firm

A local auto importer Datis Khodro said Tuesday it is on the verge of signing a joint venture auto production deal with an unnamed international company.

CEO of Datis Khodro Milad Alinaghi says the agreements are being finalized and will be signed in the coming weeks, ILNA reported.

Financial Tribune contacted Datis but its public relations office refused to provide information on the prospective foreign deal. Datis Khodro imports Volvo cars and has ties with the Scandinavian company. It also has a deal with Heico Sportiv, a German-Swedish business which offers automotive tuning services.

Alinaghi was quoted by local media as saying that production and sales of  quality vehicles with low emission rates are on the Datis agenda.

He says the company is also planning to offer a wide range of hybrid and electric motorbikes and vehicles in Iran.

He has said that the hitherto unknown vehicle to be made by the JV “will roll out of the factory in the first half of the next fiscal that starts in March 2018.

Last week the dealer said it is in the process of importing solar-powered electric bicycles. Alinaqi said Datis has reached a deal with the Italian bicycle producer LEAOS and has been appointed exclusive agent of the company’s e-bikes.

In addition to being environment-friendly, LEAOS bikes can be charged by their solar panels or plugged-in and recharged from an outlet.

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