Iran Khodro Fars, IKCO’s fifth domestic production site, will begin mass production of cars in December, the state-controlled firm has announced. An investment equivalent to US$60m has been made at the site, with the company hoping to export 15,000-20,000 vehicles to other Gulf States markets in 2012.
Mohammad Javad Habibi, Iran Khodro Fars CEO stated, “The site will produce one car an hour that is supposed to get to five cars an hour.”
The production capacity of the new plant will be over 30,000 cars a year. The Peugeot Pars [an update of the Peugeot 405 from the 1980s] will be the first car to be built.
Author: Glenn Brooks