Iran’s IKCO restarts exporting cars to Russia
Tehran, Iran, June 29
By Milad Fashtami - Trend:
Iran's giant automaker, Iran Khodro Company (IKCO), has restarted vehicle exports to Russia.
The managing director of IKCO, Ali Elmi, attended the official ceremony in Moscow, Iran's Tasnim New Agency reported on June 29.
"Russia is a big country that sold 2.76 million cars in 2013. The figure is expected to reach 3.3 million by 2016, so the country can be considered a good market for IKCO vehicles," Elmi said.
He went on to note that based on the signed agreement, Iran Khodro will deliver 10,000 vehicles to the Russian side by late 2015.
Iran's car production has been on the rise on the past few months.
Some 135,901 cars have been produced in Iran in the first two months of the current calendar month (March 21 - May 20).
The figure shows 92.5 percent increase compared to the same period of time previous year, Iran's IRNA News Agency reported on June 2.
Sedan cars accounted for 115,589 percent of the mentioned amount, some 92.3 percent more than previous year.
Iran also produced 19,332 pickup trucks, 955 trucks, 17 buses, and 8 minibuses in the mentioned period.
Iran produced 989,110 cars in 2012, which made the country Asia's eighth largest car manufacturer.
Iran also stood at the world's 18th place.
China, Japan, South Korea, India, Thailand, Turkey, and Indonesia were Asia's seven largest car manufacturers.
Iran's automobile output faced 40 percent decrease in 2012. The country was Asia's 5th largest car manufacturer in 2011, with a total output of 1,648,505.
Increasing prices of raw materials and foreign currencies are the main problems that the car manufacturers are facing.