IRAN NEWS ECONOMIC DESK

TEHRAN – Acting Industry, Mine and Trade Minister Hossein Modares Khiabani says when South Korean and French auto-making giants left Iran two years ago, nobody thought that Iran’s auto-making industry could have produced this amount of vehicles and to stand on its feet but it happened and the production trend of two Iranian auto-making giants have come back to their heyday.

Mr. Modarres Khabani said that it is natural that after focusing on the quantity and circulation, the auto-makers should be focused on improving the quality for international competition and regional market and all should move towards improving quality and customer’s satisfaction.

He further said that auto-makers should also work on the after sale services simultaneously with working on the look and technical aspect of their productions.

Modarres Khiabani added that currently the country is active in exporting auto parts, expressing hope that it can provide its need domestically and produce vehicle with competitive quality.

He noted that the production of vehicles in the country has grown by 18 percent in the first two months of the current year comparing to the same period last year.

He added that in this period, delivery of products of two giant auto-makers Iran Khodro and SAIPA have increased by 55 percent and 50 percent, respectively.

He added that the ministry is currently focused on providing the raw material to increase the auto production.

Modarres Khaiabani stated that despite restrictions, five million people registered for buying cars through lottery, adding that this amount of demand equals to production of cars in 2 to 3 countries. He said even in countries like South Korea, the number of produced cars stands at 3.6m annually while in Iran,five million people have applied for it.

The post Iran’s Auto-Making Industry Back to Its Heyday appeared first on Iran News Daily.

IRAN NEWS ECONOMIC DESK

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.

The post IKCO Seeks 150 Euros Damages From Peugeot appeared first on Iran News Daily.