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In the Name of God بسم الله

Foreign Companies Eying Iran Khodro

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Foreign companies eying Iran Khodro

Sat, 21 Jul 2007 11:11:24

Foreign companies are keen on investment in Iran Khodro.

Managing director of Iran's major auto producer IKCO says foreigners have shown interest in purchasing shares of the car-maker.

Manouchehr Manteqi noted that all production lines of Iran Khodro Co. are equipped with state-of-the-art technology so that big automakers are willing to cooperate with the Middle East's biggest automobile manufacturer, Mehr news agency reported.

He asserted that Peugeot 206 SD, Mercedes, Suzuki Grand Vitara and L-90 (Renault Logan) are produced according to international standards.

"A new model of Iran's popular car Samand named 'Soren' also complies with Europe's quality and safety standards," noted Manteqi.

Pointing to the fact that Iran Khodro has five times more customers than its actual output, he further noted that 80 percent of the vehicles required by the public transportation sector are produced by IKCO.


Manteqi pointed out that the real values of Iran Khodro's stocks in the bourse sector are much higher than what are presently being transacted.

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