TEHRAN (Iran News) This transition aims to improve the quality of IKCO products, services, rebuild the production and economic infrastructure of IKCO, and ensure consumer satisfaction in the near future. To address the various challenges that have arisen from unprofessional and incompetent management over the past four decades, we invite industry and economic experts to join us in our efforts so that Iranians can once again take pride in our automobile industry.

The employees of IKCO Industrial Group, along with our strong supply chain, our sales and after sales network throughout the country, will support us in this endeavor. After thoroughly identifying the existing issues, we will publicly announce our comprehensive plan.

We are committed to informing the people of Iran about the complete financial report, which will include the total debts of the company to the banks and financial institutions, as well as to suppliers, along with consumer obligations.

This report will be provided within two weeks after we commence our work. Our goal is to repair the past dissatisfaction of Iranian People and to prioritize their satisfaction in the future activities of IKCO Industrial Group.

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MIMT figures released on Saturday showed that car production had reached a total of 903,800 units at the end of the past fiscal year, up against 758,900 units reported for the year to March 2020.

However, a breakdown of figures related to total vehicle output in Iran over the same period showed that pickup truck production had risen by 6.5% to 80,364, while output of trucks, small trucks and truck cabs had climbed by 53.6% to 6,395 units.

Automotive companies had produced 7.8% fewer buses minibuses and vans compared to the year to March 2020 as output declined to 1,873, showed the report.

Tractor output surged by 15.9% to 21,666 units while production of combine harvesters reached 6,395 units, up 44.5 percent year on year.

Increased vehicle production has come despite weeks of closures imposed by the two main Iranian car manufacturers since March 2020 when the spread of the coronavirus pandemic caused the government to introduce lockdown measures across the country.

However, car manufacturers ramped up production last year to respond to growing demand in a domestic market where major international brands have almost no presence.

A senior MIMT official said the ministry has set a car output target of 1.25 million for the calendar year to March 2022.

Bahman Salehinia said that the Iran Khodro Company (IKCO) and Saipa would be responsible for a bulk of production at nearly 1.1 million vehicles.

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He added that in this unilateral breach of the contract this was the French side which was a loser, adding that one of the main parts of cars has been manufactured by young Iranians whose result will be unveiled by October.

Yeke Zare added that IKCO wants to become a car-making company and it relies on the domestic knowledge-based companies and Iranian talents.

He added that after the JCPOA, the company signed a good contract with Peugeot, adding that due to the previous unsuccessful contract with Renault company, this time IKCO signed a wise and better contract with Peugeot and manufacturing of major parts of the vehicles were decided to be manufactured domestically. He went on to say that after Peugeot pullout of the contract, activities for manufacturing cars continued without any halt.

Yesterday and in a ceremony, Peugeot ‘301’ production line was inaugurated in Iran Khodro Industrial Group (IKCO) in the presence of Vice President for Science and Technology Sorena Sattari.

Accordingly, 60 percent of parts needed for manufacturing Peugeot 301 will be provided through domestic production, expandable to 80 percent in upcoming programs, VP Sattari said, adding, “some 300 Iranian parts suppliers have been employed for manufacturing parts of this passenger car.”

He went on to say that Peugeot 301 sedan fully observes requirements of international standards.

Peugeot 301 is manufactured in IKCO while France’s Peugeot Company left Iran in the wake of U.S. sanctions, he said, adding, “earlier, it was supposed that all parts and equipment needed for manufacturing this passenger car would have been provided by French companies.”

After France’s Peugeot left Iran, this giant project was handed over to domestic manufacturers, the vice president added.

According to the scheduled program, Peugeot 301 passenger car will hit the domestic car market by the yearend.

Some 2,123 parts are required for manufacturing this passenger car, 565 of which have been indigenized by Iranian manufacturers, Vice President for Science and Technology added.

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 Iran’s largest car manufacturer Iran Khodro Company (IKCO) is planning to offer its Dena model, co-produced by Azerbaijan, in the Ukrainian market, a senior official at the company said.

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