Baku, Azerbaijan, Aug. 3
By Fatih Karimov – Trend:
Iran’s leading car manufacturer Iran Khodro and the German automotive parts manufacturer MAHLE GmbH signed a deal for jointly design and manufacturing of three-cylinder car engine.
Under the deal, worth 5000 billion rials (one USD makes 30,958 rials) three-cylinder engines with power output of 120-160 HP (Horsepower) and fuel consumption of 4.7 litres per 100 kilometers will be manufactured jointly, the official website of Iran Khodro reported.
Almost 350,000 engines which correspond to the Euro 6 standards will be produced per year in Iran.
Under the deal, the manufacturing technology and know-how will be transferred to Iran step by step.
The design and manufacturing process is scheduled to be completed within 30 months.
MAHLE is one of the largest automotive suppliers worldwide. As a manufacturer of components and systems for the combustion engine and its periphery, the company is one of the three largest systems suppliers worldwide for engine systems, filtration, electrics, mechatronics, and thermal management.
Iran Khodro is Iran’s leading car making company.
It was one of the first Iranian companies to sign a foreign deal in the wake of the removal of international sanctions on Iran last January.
The company’s representatives travelled to France with President Hassan Rouhani a few days after the sanctions were lifted. There they signed a joint venture deal with Peugeot.