Thu Jul 27, 2017 | 00:36
IKCO to boost output by 20 percent
Wed, 06 Apr 2011 14:33:27 GMT
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The sale of Runna, IKCO's second national brand, will begin in September 2011.
The Middle East's auto giant Iran Khodro Company (IKCO) says it plans to manufacturing 850,000 vehicles in the current Iranian calendar year (beginning March 21).

“IKCO will manufacture and market 850,000 high-quality passenger cars in the current year (2011-2012); the company managed to roll out over 700,000 units last year,” Managing Director Javad Najmeddin said in a statement on Wednesday.

The company began work on a new 100,000-unit production plant in the Iranian province of Semnan in February.

In February, IKCO also began work on a plant in East Azarbaijan Province, capable of rolling out 200,000 units of the Peugeot 206 and 207i compact passenger vehicles.

Najmeddin said IKCO will begin manufacturing a pickup truck version of the Samand family sedan as well as diesel and turbocharged engines with better fuel efficiency in the current Iranian calendar year.

In its five-year future growth prospective, the company envisions reaching an annual manufacturing capacity of 3 million units, with exports of a million units per year, according to a statement released by the company.

IKCO was founded in 1962 and is currently regarded as the biggest automaker in the Middle East.

The company received a special trophy at the Third International nanotechnology Festival in 2010, as the leading company in nano-related auto industry.

MSD/HGH/MB
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