Iranian carmaker to double exports to 80,000 vehicles

Business Materials 11 December 2012 15:09 (UTC +04:00)

Azerbaijan, Baku, Dec. 11/ Trend G.Mehdi/

Iranian carmaker Iran Khodro (IKCO) will double exports to 80,000 vehicles in the next Iranian calendar year which begins on March 20, 2013, the Fars News Agency quoted IKCO deputy CEO Mirjavad Soleimani as saying.

He added that the company's annual output will reach 1.5 million cars by 2025.

The company has established a broad presence in the global target markets by designing and manufacturing new and fuel efficient cars as well as improving the quality and safety standards of its products.

Belarus, Russia, Syria, Tajikistan and Venezuela are among the target markets for IKCO.

Founded in 1962, IKCO is currently regarded as the biggest automaker in the Middle East.

Iran plans to manufacture at least three million cars by 2025 and export some one million, trade minister Mehdi Ghazanfari said on June 16.