• Kerman Motor’s production lines (File Photo)

    Iran’s largest private automaker Kerman Khodro is hoping to raise capital by a public stock offering, an initiative that can shake things up and alter the status quo of Iran’s auto market.
    According to Mizan Online, the corporation is not setting any restrictions for the purchase of stocks by the public or other companies, meaning the stock sales can lead to other auto manufacturers of the country claiming a share of the firm. Hamed Shadkam, deputy for the automotive group’s subsidiary Kerman Motor outlined the plan.
    The move can reshuffle the status of automakers as SAIPA is racing toward the title of the largest auto manufacturer in the country and Iran Khodro is sparing no effort to sustain the prevailing state. Both firms are expected to be among eager bidders for Kerman Khodro shares.
    Kerman Automotive Industries Group first engaged in the globally accepted practice the previous year, issuing one trillion rials ($23.8 million) of Murabaha bonds to finance its projects.

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Read the latest news about Iran’s automotive industry, market trends, output figures, & import data, along with updates about Iran Khodro, Saipa and Pars Khodro

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  • Kerman Motor’s production lines (File Photo)
    04/24/2018
    Iran’s largest private automaker Kerman Khodro is hoping to raise capital by a public stock offering, an initiative that can shake things up and alter the status quo of Iran’s auto market....
  • Car Market Under Majlis Scrutiny
    04/24/2018
    The Iranian Parliament on Sunday advanced plans to directly engage in monitoring and moderating the country’s turbulent auto market. A total of 142 lawmakers voted for urgently pushing through the...
  • JP Morgan Sees Headwinds for Tesla Shares
    04/22/2018
    Tesla’s electric car sales will suffer due to increased competition from German automakers, according...
  • In an ongoing trip to China, Managing Director of SAIPA Mohsen Jahroudi (2nd R) visited Brilliance and Changan’s factories.
    04/22/2018
    SAIPA, Iran’s second-largest auto manufacturer, is revealing plans for expanding ties with two of its Chinese partners, Brilliance and Changan, to further grease the wheels for the company’s ascent...
  • Opel’s owner PSA aims to eliminate 3,700 jobs under a program of voluntary departures.
    04/22/2018
    Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group’s turnaround...
  • Several lines of the subway network are still under construction.
    04/22/2018
    Allocation of 7 trillion rials ($166.6 million) worth of bonds for completion of Line 7 has helped speed up the construction, Head of Tehran Urban and Suburban Railway Operation Company told...
  • IKAP to Mass-Produce Peugeot 301
    04/19/2018
    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...
  • China’s state planner said on Tuesday it would remove foreign ownership caps for companies.
    04/19/2018
    China will scrap a limit on foreign ownership of automotive ventures by 2022 in a major policy...
  • Parts makers assert their expenses have risen by 30%.
    04/19/2018
    In light of the massive disturbance in Iran's forex market, automotive industry insiders are anticipating that car prices will skyrocket when the Competition Council gives the green light to...
  • Tesla Sets Aggressive Production Target
    04/19/2018
    Tesla CEO Elon Musk has set an aggressive new target for production of the Model 3, and it will...
  • Nostalgic VW Golf Back on Road
    04/17/2018
    Volkswagen distributor in Iran, Mammut Khodro, is set to offer Golf GTI in the country in the coming months. The company already has Tiguan and Passat on sales in Iran. According to the latest...
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    On March 18, one of the cars in Uber’s self-driving vehicle pilot program hit and killed 49-year-old...
  • During the 11 months of the last fiscal which ended in March, IKCO recorded a 653,703-unit output.
    04/17/2018
    Iran Khodro is looking to expand its footprint in the new Iranian year which started in March by taking steps toward the optimization of the enterprise. According to local automotive websites and...
  • Tesla Cutting Corners on Safety
    04/17/2018
    A new report by RevealNews.org says electric vehicle maker Tesla failed to record workers’ serious...
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    04/15/2018
    US trade negotiators have significantly softened their demands to increase regional automotive...  
  • Bus, Taxi Fare Rise Afoot
    04/15/2018
    Tehran Municipality submitted a bill to the city council on Wednesday, proposing a rise in bus and taxis fares. Mohammad Karroubi, secretary of Tehran City Council’s Transportation Commission, says...
  • auto parts have a 5.35% share in Iran’s total imports in terms of value.
    04/15/2018
    Import of auto parts stand at the top of the list of goods imported into the country according to data published by the Islamic Republic of Iran Customs Administration. During the year ending in...
  • France has passed a new taxi law, which says only official taxis could use geolocation technology to show available cars.
    04/12/2018
    France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber for...
  • Clunkers Fined $50m in Tehran Last Year
    04/12/2018
    Vehicles that fail to earn a technical inspection certificate and are used for commute can be fined in Iran. The total fines collected in Tehran over the matter amounted to 2.13 billion rials ($50....
  • Volkswagen to Replace CEO
    04/12/2018
    Volkswagen plans to replace CEO Matthias Mueller as the German automaker takes another step to...
  • A few hybrid models are currently imported into the country, including Toyota Prius.
    04/12/2018
    Hybrid car import tariffs have been reduced in Iran after a long, heated fracas between the private sector and the Ministry of Industries. The government introduced an amended version of import...
  • Iranian Foreign Minister Mohammad Javad Zarif (L) and Senegalese President Macky Sall, Dakar, Senegal, April 9
    04/12/2018
    After meeting with Senegalese President Macky Sall in Dakar, Iran’s Foreign Minister Mohammad Javad Zarif said automotive ties between the two countries will be bolstered. Accompanied by an...
  • Speeding, illegal overtaking and driver fatigue account for 85% of the car crashes.
    04/10/2018
    The immediate deaths arising from accidents during Norouz, the Iranian New Year holiday season (March 21 to April 2) regrettably rose compared to the same period of last year. Statistics released...

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