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Main markets for exporting Azerbaijani-Iranian cars named

Business Materials 5 April 2018 16:04 (UTC +04:00)
The Azerbaijani-Iranian joint automobile plant Khazar plans to export about 20 percent of its cars, which will be manufactured within the first stage of production before 2020
Main markets for exporting Azerbaijani-Iranian cars named

Neftchala, Azerbaijan, April 5

By Ilkin Shafiyev - Trend:

The Azerbaijani-Iranian joint automobile plant Khazar plans to export about 20 percent of its cars, which will be manufactured within the first stage of production before 2020, the chairman of the Board of AzerMash, a co-owner of the plant, Emin Akhundov, told reporters on April 5.

He said that the main export market for the plant is the CIS countries. Akhundov added that negotiations are already underway with representatives of foreign countries.

"We are also considering orders on the local market. The Economy Ministry became the first customer," Akhundov said.

Production of Dena, Rana, Soren and Samand brands, as well as a number of Peugeot models is established at the plant. The annual capacity of the plant will be about 10,000 cars. In the future, it is planned to deliver cars to Ukraine, Russia and the countries of Central Asia.

Iran Khodro and Azerbaijan’s AzEuroCar LLC (a subsidiary of AzerMash) signed an agreement on the establishment of a joint automobile plant in the Neftchala industrial park in on Aug.6, 2016. The total cost of the project is estimated at 24 million manats. The Azerbaijani side made 75 percent of investments in the plant, and 25 percent - the Iranian side.

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