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Iranian carmaker Iran Khodro says 30 pct of products can be exported if sanctions lifted

Business Materials 12 January 2014 17:08 (UTC +04:00)

Baku, Azerbaijan, Jan.12

By Fatih Karimov - Trend:

Iran's largest carmaker Iran Khodro says it can export 30 percent of its products if the international sanctions on the country's automotive sector are lifted, IRNA reported on January 12.

IRNA quoted Iran's Khodro deputy director for exports Ali Elmi as saying that products of the company can compete in world markets thanks to their high qualities and low prices.

He referred to the international sanctions, national economic problems, and changes in regulations as the main causes of drop in the country's exports.

On December 1, 2013, the Managing Director of Iran Khodro, Hashem Yekke Zareh, said that the company will start cooperation with Germany's Mercedes-Benz Company once the sanctions on Iran's car industry are completely lifted.

"We will start negotiations with French Peugeot Company in the coming days in order to restart the two companies' cooperation," the Mehr News Agency quoted Yekke Zareh as saying.

Iranian carmakers produced around 72,000 cars in the past Iranian calendar month of Azar (ended on December 21), IRNA reported on December 27, 2013.

Although the output rose significantly compared to the month ago, but it was lower than the figure correspondent to the same month last year.

According to Iranian deputy industry minister Mohsen Salehnia, the national car production has reached 520,000 since the beginning of the current Iranian year (March 21), which shows 24.5 percent decline year on year.

The national car production is projected to hit 900,000 units by the end of the current year, he noted.

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