Plans Devised to Make Iran Region’s Top Automaker: Minister

ASre Khodro: Iran’s industry minister unveiled a 10-year plan aimed at giving a major boost to the country’s auto industry and leading it to the first place in the region and 5th in Asian rankings.

Tuesday 01 March 2016 - 22:30:00

Plans Devised to Make Iran Region’s Top Automaker: Minister

Reporting "Asre Khodro", According to the 10-year plan, Iran should top the list of the region’s auto makers, take the 5th place in Asia and the 11th place in the world, Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh said at the 3rd Iran Auto Industry International Conference in Tehran on Tuesday.

Under the plan, he added, Iran should manufacture 3 million light vehicles and 120,000 heavy ones each year, with 1/3 and 1/4 of the produced light and heavy vehicles allocated for export, respectively.

Nematzadeh noted that the plan also includes initiatives for joint investment, rise in exports, production of hybrid and electric cars, technical upgrade in homegrown engines, as well as the administration’s non-interference in pricing to allow the free market to set the prices.

He noted that under the plan half of the vehicles are expected to be designed inside the country, while the other half will include foreign brands.

Earlier this week, Iran signed three memorandums of understanding (MoUs) with three automakers from Sweden, Turkey and India.

Back in January, Iran Khodro and French carmaker PSA Peugeot Citroen signed an agreement over a joint-venture to produce cars, worth 500 million euros ($545 million).

According to the deal, Peugeot 2008 crossover, 208 supermini and 301 compact cars will be manufactured inside Iran under the 50-50 joint venture.

The new contracts follow the implementation of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) that took effect on January 16.


Source: Tasnim

برچسب ها

Iran Automotive Industrythird Iran Automotive Industry International ConferenceIran Automotive Industry’s Capabilities Exhibition
مطالب مرتبط بیشتر
Construction of Chinese-Persian car in Semnan France to update firms on doing business with Iran S. Africa-Iran Business Forum Next Week Iran, Turkey to Hold Meeting of Joint Economic Commission Next Month French Businesses, Officials to Preempt American JCPOA Walkout Lack of Iran Khodro Capital Impedes Peugeot Plans Auto Parts Makers Demand Tougher Regulations on Imports Istanbul Automechanika Conference with the participation of the senior director of the exhibition European carmakers on the road back to Iran after nuclear deal Car from the new minister's perspective Iran Automakers Need Logistical Spread Iran Auto Output: All That Clamor for Naught French Leverage in Iran Auto Industry Iran Industrial Agency Kicks Starts Another Car Factory Iran Automotive Production Up 20% y/y With Sanctions Behind, Iran Looks Ahead Iran Carmakers Obliged to Offer 2-Year Guarantees Iran Auto Companies Not Raising Prices Iran to hit two car industry accords soon Turkey keen on investment in Iran's auto industry PSA to carry out Iran plans despite US threats Peugeot, Citroen Will Uphold Localization Segment in Iran Iran to release Euro V passenger cars next year Production surges in Iran's car industry Iran Khodro Group Retains 39% Market Share Iran to sign 5 auto deals with intl. companies by Mar. 20 Iran talks with Germany’s VW to produce passenger car Car Import only through Investment Iran’s Vehicle Initial Quality Study Released Iran has potential to be top-10 auto market by 2020 Iranian, Turkish companies discuss auto parts Coop. The 4th Vehicle Conference "Sales and After-sales Service Approach” Iran Car Sales Slump Despite Loans Iran’s Auto Import Report by MSD Iran Targets 80% Auto Localization Effects of Automotive Ties With China Faurecia builds on Iran ties to secure major deals - CEO Renault signs MoU with Iran to create new joint venture Peugeot to try for making Iran its manufacturing hub in Middle East, Africa Iran to ink new deals with foreign automakers Pakistan-Iran cooperation in auto sector discussed Iran to open car factory in Azerbaijan Auto Sector Recovery to Buoy Steel Consumption New Automotive Decisions Announced Iran's Automotive Advantages Friends with many benefits Encouraging foreign investment to revitalize Iran’s car industry - expert Iranian car output down 2.5% Y/Y Algeria-Iran: 15 cooperation and agreements for automotive industry Automotive Targets Highlighted How to seize Iran’s automotive opportunities VW In Iran Iran ranked 13th in world passenger cars sales of 2015 Bavaria eyes major auto supplier potential with Iran Old commercial vehicle will be replaced by SCANIA truck soon Joint production of Benz and Iran Khodro from June 2016 Latest News From Volvo Investment In Iran Two Decades of Cooperation Between France and Iran in Auto Part Manufacturing Gestamp Is Ready To Direct Cooperation With Iranian Auto Part Manufacturers Rouhani vows to privatize Iran’s car industry Iran Seeks Foreign Partnerships to Boost Auto Industry Our new contract is different Scania to establish new JV in Iran Mercedes-Benz Trucks to reestablish business in Iran Volvo on the Final Decision to Manufacture Car in Chabahar 3rd Iran Automotive Industry Int'l Confab opens in Tehran Iran Inks 3 MoUs with Foreign Carmakers Iran signs three deals with foreign automakers Iran to become a hub for automotive manufacturing: OICA President Iran, Germany Ink MoU to Boost Cooperation in Automotive Industry How Iranian Cars Are Viewed Around the Region Peugeot to Compensate for Iran’s Losses in New Contract: Minister Minister Calls for Japanese Automakers’ Investment in Iran Iran seeking Japanese investment in autos, water Iran in Talks with Germany, Italy to Boost Cooperation in Automotive Industry Three Europe carmakers to return to Iran soon Iran to become world's 8th automotive manufacturer Iran suspends car loan programme on soaring demand Iran to export 30% of domestically produced cars French firms trail in economic rush to Iran - executive Iran interested in cooperating with German, Italian carmakers Nematzadeh defends automotive sector Changing Automotive Perception Italy to broaden cooperation on auto industry with Iran Iran: The next automotive hotspot in Middle East? Iran's car market ready to zoom in on the action Japan explores opportunities in Iran's auto industry Thailand hopes for boost in trade with Iran after sanctions get lifted
Back to top