Iran Khodro to Strengthen Foothold in Iraq

Iran’s largest automaker, Iran Khodro, is set to expand its presence in the Iraqi market by exporting vehicles equipped with automatic transmission.
According to IKCO Press, in the first phase, the company will send 300 units of locally manufactured Peugeot 405 with automatic gearbox to Iraq before the end of the current fiscal (March 20).
Hassan Golchubian, IKCO’s exports director for the Middle East and Africa, said Iraq is one of the major export destinations of IKCO.
The company seeks to gain a foothold in the Iraqi market, as different automakers are making investments in post-invasion Iraq.