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Iran's top automakers to make affordable cars

Business Materials 27 August 2022 09:10 (UTC +04:00)

TEHRAN, Iran, August 27. Iran's top automakers, SAIPA and Iran Khodro (IKCO) have signed a cooperation agreement to produce an affordable vehicle, Trend reports citing IRNA.

The two automakers signed an agreement to establish a joint production unit with modern technology and infrastructure to manufacture an economic vehicle.

The agreement would include the study and design of the product, building a prototype, establishing a production line, and after-sale services.

Iran Ministry of Industry, Mine, and Trade is supporting the two automakers to produce high-quality and economic products affordable for the middle class that is also proper for export.

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