Local Korean media sources report that Ssangyong Motor Co. will export US$170 million worth of its Musso/Rexton sports utility vehicles to Iran. More than 9,000 complete knockdown (CKD) kits will be sold to Moratabb of Iran by the end of 2010, the reports said.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The firm said the Iranian health ministry will use IBRD funds to buy the vehicles, which will be altered for medical use before export.


Analysts say that the Iranian market is seen as one with big automotive demand potential, but some makers have been deterred by an unstable political climate and the country’s still rocky relations with the US which maintains a trade embargo.


Ssangyong was recentlt acquired by Chinese company SAIC.


This year, Renault has concluded a wide-ranging deal to make its Logan model in Iran.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now