Iran Khodro Makes Inroads Into Azerbaijan Car Market

Since March, and through a joint venture between Iran Khodro and the Azeri automotive company AzEuroCar LLC, over 300 units of family sedan model Dena have been produced in the Republic of Azerbaijan.
The two automotive companies have established a joint venture dubbed Khazar Car Factory located in southeast Azerbaijan in the Neftchala Industrial District.
Head of IKCO operations in Asia, Europe, America and Commonwealth of Independent States, Sabina Nobari says, “Arrangements are being made to initiate the export of Khazar Car Factory’s products,” IKCO Press reported.
Currently all the cars produced at Khazar factory are sold in Azerbaijan, however, future target markets include Russia, Ukraine and the Commonwealth of Independent States.