Kerman Motor assembled 4,217 Hyundai cars during the first seven months of the current fiscal that ends in March 2018.
Kerman Motor assembled 4,217 Hyundai cars during the first seven months of the current fiscal that ends in March 2018.

Kerman Motor Makeover a Welcome Sign

Kerman Motor Makeover a Welcome Sign

Local automaker Kerman Motor is trying to shift focus from its Chinese-derived cars to South Korean vehicles – a move welcomed by car buyers and market observers.
According to local automotive website Asbe Bokhar, the carmaker will attend the upcoming International Tehran Auto Expo in late November showcasing only its Hyundai models.
Kerman Motor assembles Hyundai i10, i20 and Accent in collaboration with the South Korean company and imports several other models including Tucson, Santa Fe, Sonata and Elantra.
The company has two specific websites for its Korean and Chinese products. The portal kermanmotor.ir is used for the first and kermanmotor.com for the second.
Based in southern Kerman Province, Kerman Motor is one of the important carmakers in Iran and has joint venture deals with prominent foreign manufacturers, namely two Chinese companies JAC and Lifan Motors and Hyundai Motors.
Prior to the current fiscal that started in March, Kerman Motor’s production was limited to its collaboration with JAC and Lifan.
According to statistics released by the Ministry of Industries, during the first seven months of the current fiscal, the company assembled 4,217 Hyundai cars.
During the period 7,255 units of Lifan vehicles were produced by the company indicating an 11% year-on-year decline. The company produced 15,617 units of JAC models -- a 43% YoY increase
While Kerman Motor is seemingly trying to downplay its collaboration with Chinese carmakers infamous for low quality in the domestic market, so far Hyundai cars have had a meager 15% share in its total annual output.

Short URL : https://goo.gl/Kv1v4B
  1. https://goo.gl/eRQTWS
  • https://goo.gl/Aykced
  • https://goo.gl/GfVbJC
  • https://goo.gl/7DWqUS
  • https://goo.gl/YWuR8d

You can also read ...

Close to €14.78 billion worth of commodities were exchanged between Iran and all European Union states during Jan.-Sept.
The latest Eurostat data shared with Financial Tribune show...
President Hassan Rouhani hands the budget bill for the upcoming fiscal year (March 2018-19)  to Parliament Speaker Ali Larijani on Dec. 10.
President Hassan Rouhani presented the budget bill for the...
Apple to Acquire Music Identification App Shazam
Apple Inc is in talks to acquire Shazam Entertainment Ltd,...
MSC Selected Asia’s 11th Most Admired Knowledge Enterprise
Iran’s largest steelmaker, Mobarakeh Steel Company, has been...
Sharif University Holding Entrepreneurship Event
Sharif University of Technology will hold a conference on the...
The device, called GPhone, is built into a smartphone case with a companion app which lets patients record and track their glucose readings.
A new re-useable glucose-monitoring smartphone case developed...
Currency Gains in  FX Market
Most foreign currencies in Tehran’s market gained against the...
The expenses of banks have been predicted to match their incomes at 820.2 trillion rials.
The total projected income of eight Iranian state-owned banks...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.