News ID: 217875
Published: 0253 GMT July 06, 2018

Iran Khodro plans to boost output in Azerbaijan

Iran Khodro plans to boost output in Azerbaijan

Iran Khodro Group (IKCO) plans to open new production line in neighboring Azerbaijan to increase its annual production there, said deputy minister of industry, mine and trade.

Mohsen Salehinia further told Trend News Agency, "Iran Khodro is equipping its production line in Azerbaijan and plans to increase its daily output from 4 to 8 cars."

Noting that a second production line is scheduled for launching in Azerbaijan in the near future, he said that IKCO will produce 2,500 cars a year.

In 2016, Azerbaijan's AzEuroCar LLC and Iran Khodro signed an agreement to create a joint car plant in the Neftchala Industrial Area. The plant with a capacity of about 10,000 cars per year is currently producing only four Iranian models including Dena.

The first cars from the plant came out in May. Some 20 percent of the vehicles was expected to be exported to other CIS countries including Georgia and southern Russia.

The cars produced at the Azerbaijani plant meet Euro 5 standard in accordance with Azerbaijan's laws.

   
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