Economy, Auto
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Iran Khodro-Peugeot JV to Mass-Produce Peugeot 301

IKAP to Mass-Produce Peugeot 301IKAP to Mass-Produce Peugeot 301

Iran Khodro is set to launch mass production of Peugeot 301 in the coming months as part of a joint venture agreement with PSA Group’s Peugeot brand.
The €400-million joint venture, which is called Iran Khodro Automobiles Peugeot (IKAP), was formed in June 2016 and each side has a 50% stake in it, IKCO Press reported.
IKAP CEO Mohammad Reza Motamed says prototypes manufactured in Iran will be tested by top-notch European firms. After earning the green light from the foreign quality inspectors, the production will go into full swing.

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