Iran Khodro (IKCO) News

Iran Khodro (IKCO) News

Get the latest news about Iran's latgest car manufacturer Iran Khodro (IKCO) including new products, foreign partnerships, output and sales data, exports and prices

  • IKCO, Local Bank Collaborate to Boost Auto Parts Localization
    Iran’s Bank Tejarat has decided to lend 1.5 trillion rials ($6.38 million) to the major automaker Iran Khodro Company (IKCO) to boost localization. Based on the recent agreement between the two...
  • Localization Projects to Curb IKCO Capital Flight by €133m
    Iran's largest automaker, Iran Khodro (IKCO), has implemented 125 localization projects in various fields, which are expected to reduce capital flight by €133 million per year. Adel Pirmohammadi,...
  • IKCO Restarts Bus Production
    Major automaker Iran Khodro Company (IKCO) has restarted bus production lines after a long-drawn lull to meet Tehran’s demand for new public transport vehicles. Mohammad Zali, the CEO of Iran...
  • 40,000 CNG Cabs for 4 Cities
    Major local carmaker Iran Khodro (IKCO), in collaboration with Iran Taxi Union, is replacing 40,000 dilapidated taxis with CNG-hybrid vehicles with Euro 4 and Euro 5 standards. A joint initiative...
  • Gov’t Support, Tech Companies Help IKCO Increase Auto Output
    The state-backed automotive tech localization efforts and the strong role of knowledge-based and technology firms in the past several months have boosted the production rate of Iran Khodro (IKCO...
  • IKCO Arm Works on Advanced Tech to Bolster Car Output
    A knowledge-based company affiliated with major carmaker Iran Khodro (IKCO) is working on localization of auto parts to help curb the sector’s reliance on foreign suppliers. Asghar Rabiei, the CEO...
  • MAPNA, IKCO Form Alliance to Produce Electric Vehicles
    The global electric vehicle race has reached Iran, as the domestic engineering and energy giant, MAPNA Group, and major automaker Iran Khodro Company (IKCO) are gearing up to jointly produce EVs....
  • IKCO, IUST Sign R&D Deal
    Iran’s major automaker Iran Khodro (IKCO) has signed a research and development agreement with the Iran University of Science and Technology to expand cooperation and technologically upgrade its...
  • IKCO Launches 175 Projects for Auto Parts Localization
    In line with efforts to deepen the localization of auto parts production, 175 projects have been launched by Iran’s major carmaker Iran Khodro (IKCO), the company’s CEO said. Farshad Moqimi said...
  • IKCO Launches More Localization Projects
    Carmaker Iran Khodro (IKCO) has launched nine localization projects to curb the company’s capital flight by at least €17.5 million annually. The firm’s CEO Farshad Moqimi has been quoted as saying...
  • Pride, Peugeot 405 to Retire by June 2020
    The longstanding debate over halting the production of poor quality cars in Iran has reached a tipping point with a clear deadline in sight, despite automakers bemoaning a lack of substitute for...
  • Iran Auto Output Down 22%
    Iran’s automotive output fell by 22.4% during the seven months ending Oct. 22 compared to a year earlier. According to data announced by the Persian economic daily Donya-e-Eqtesad, Iran produced...
  • IKCO Releases Two-Month Sale Report
    Iran Khodro Company (IKCO), the country's biggest car manufacturer, has announced that in the past two months, it has sold over 50,000 cars.  
  • Iranian Carmaker Eyes Local Tech Potentials for Developing EVs
    Domestic carmaker Iran Khodro is interested in utilizing the potentials of Iranian tech firms and knowledge-based companies to develop electric vehicles.  
  • Iran Industries Minister: IKCO-SAIPA Debts Reach $8.8 Billion
    By October 2018, the accumulated debts of Iranian carmakers, Iran Khodro (IKCO) and SAIPA, had reached 1 quadrillion rials ($8.8 billion), the industries minister said in a recent interview. In a...
  • Deputy Minister Appointed Iran Khodro Chief
    Iran Khodro’s (IKCO) Board of Directors appointed Deputy Industries Minister Farshad Moqimi, 43, as the automaker’s new CEO.  
  • Iranian Car Production Resumes in Syria
    Syrian Labor Minister Rima Qadiri said the production of Iranian vehicles has resumed in Syria. Speaking to reporters during a visit to Tehran, Qadiri said the sedan Samand designed by Iran Khodro...
  • Gov’t Reiterates Plan to Privatize IKCO, SAIPA
    The Iranian government plans to sell off its share in the two major automotive companies: Iran Khodro (IKCO) and SAIPA.  
  • Iran Auto Production Slides
    Since June 2018, Iran’s auto production has been plummeting.  Data released by the Industries Ministry show that the decline has continued in the second month of the current fiscal year (ended May...
  • Deal to Replace 10,000 Old Taxis
    Iran's major carmaker Iran Khodro (IKCO) and Iran Taxi Union have signed a deal to renovate the capital's aging public transportation fleet, in the latest push to combat air pollution in the city...
  • IKCO, Azad University Sign R&D Agreement
    Iran Khodro Powertrain Company, affiliated to the country’s major automaker Iran Khodro (IKCO), has signed a research and development agreement with Islamic Azad University to use academic...
  • $333m Loan for 2 Carmakers
    The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’ mounting debt to...
  • Car Buyers in Iran Get a Raw Deal
    Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head of Iran Standard and...
  • Iran Khodro Price Appetite Grows, Again
    Local automotive company Iran Khodro has once increased prices of several models by 30%, including the locally designed Samand, Runna, Peugeot models 405 and 206. According to new factory price...
  • Gov’t Support for Knowledge-Based Firms, Startups in Automotive Sector
    Knowledge-based companies and startups active in the automotive sector will get a boost following an agreement signed between the Vice Presidential Office for Science and Technology, and local...

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