Iranian carmaker Saipa to launch assembly line in Iraq
Azerbaijan, Baku, Apr. 18/ Trend F.Milad/
Iranian carmaker Saipa will establish an assembly line in Iraq with the nominal capacity to roll out 40,000 cars per year.
After commissioning a production site in Syria, Saipa is now planning to launch an assembly line in Iraq which has the capacity to boost output to 120,000 cars per year through increasing working shifts, Fars news agency reported.
Iranian car manufacturers produced over 1.498 million units of different kind in the first 11 months of the past calendar year which ended on March 19, Mehr news agency reported.
Iran has developed its domestic car industry for five decades and produced 1.6 million vehicles last year, about half of them made by Iran Khodro, which aims to export around 10 per cent of its production this year, Reuters reported.
Even with sanctions which have scared off some suppliers from exporting to Iran, Iran Khodro says sales rose 18 per cent in 2010 and plans a 13 per cent output increase this year to 860,000 vehicles.