Peugeot 2008 Priced at 900m Rials

CEO of Iran Khodro (IKCO) has finally announced the price for its Peugeot 2008. Hashem Yekezare told local news website Eghtesad Online that the car will be sold for 900 million to 1 billion rials ($24,000 to $26,600) depending on the options the consumer will choose. Earlier unconfirmed reports put the vehicle’s price at around 750 million rials ($20,000). The production line of Peugeot’s 2008 small crossover was launched in March marking the first new vehicle of a renewed partnership with the French carmaker. The line is set to produce more than 30,000 units in the fiscal year that began on March 21. The car’s body is produced locally by one of the subsidiaries of IKCO, called TAM which makes the vehicle meet the bare minimum 30% localization need. According to Yekezare, the production line of the model will be officially unveiled in the coming weeks.