Privatization and transfer of large companies and factories is a very good and auspicious event, but experience has shown that large companies in Iran's economy are not transferred to the private sector, and an example of this can be seen in the handover of petrochemical companies, Kerdari noted. The country does not face problems in privatization,...

An official with Iran's Securities and Exchange Organization declared that If the situation of Iran Khodro (IKCO and Saipa is not revised by the end of July this year, they will be subject to the provisions of Article 141 (liquidation or reduction of capital).

Recently, the video of a private sector manager's talk with Iran's Supreme Leader has been published online. A film, in which the founder of Crouse Production Industries Company pledges to the Leader to reform and save Iran Khodro (IKCO). What experience and abilities does this person enjoy that can fulfill this promise? Will Hamid Keshavarz be the ...

Iran’s largest automaker the Iran Khodro Company (IKCO) announced that the National Competition Council has not accepted its request for the car price increase.

Iran’s largest carmaker the Iran Khodro Company (IKCO) has said there would be no problem in the production and delivery of electric buses if Tehran municipality registers an order.

The head of Iran's Securities and Exchange Organization says SEO is seeking to solve the fundamental problems of the two largest car manufacturers, Iran Khodro and SAIPA.

A $300 million memorandum of understanding has been signed for the export of cars to Russia, the president of the Association of Homogeneous Powertrain Industries and Parts Manufacturers says. So far, 1,000 Iran-made cars have been exported to Venezuela, with more shipments planned in the future given the popularity of automobiles built in Iran,...

The Head of the Trade Promotion Organization of Iran (TPOI) on Friday announced the launch of an auto production line in Armenia aimed at exporting manufactured cars to the Eurasian Economic Union (EAEU) states. Alireza Payman-Pak said that a leading Iranian car manufacturer and also an Armenian investor have expressed their readiness to launch ...

Iranian automotive companies and their counterparts in Russia have signed some $700 million worth of deals to expand their cooperation at a time the two countries are shoring up their defenses against Western sanctions. Irans official IRNA news agency said in a Wednesday report that Iranian and Russia carmakers and parts manufacturers had signed ...

Irans Ambassador to Russia said that big Iranian automakers and over 50 car parts manufacturers will attend MIMS Automobility Moscow 2022 to export automobiles and car parts. In an interview with IRNA on Sunday, Kazem Jalali said that participation of this number of Iranian companies in an international exhibition is unprecedented. The MIMS Automobility ...

Iran Khodro, the Middle Easts leading automaker, is eyeing Russias large market which the Europeans have abandoned amid the raging Ukraine conflict. Mehdi Khatibi, Iran Khodros managing director, says the carmaker is prioritizing exports to Russia which has a lot to learn from the Islamic Republic about how to take the Wests expanding sanctions ...

Irans largest carmaker the IKCO has reported a record daily output figure amid efforts in the company to improve production processes. The Iran Khodro Companys news service said on Thursday that the combined production of cars and heavy-duty vehicles had reached an all-time high of 3,616 units on May 11. The registered output record in the fields ...

The Iranian government is planning to sell its shares in large automotive companies in the country, a move it deems necessary to create competition and to boost quality of home-made cars. Iranian deputy industries minister Manuchehr Manteghi said on Saturday that the government had set an ultimatum of six months for the ministry to finish divestment ...

Iran Khodro, the biggest automobile producer in the Middle East, has reactivated its assembly line for production of Samand sedans in Senegal, its deputy director for exports and international affairs says. The company began assembling cars in Thies, Senegal's second largest city 70 km from Dakar, in 2008 through a local joint venture named Seniran ...

TEHRAN, Sep. 11 (MNA) Hashem Yekkeh Zare has been appointed as the new CEO of Irans carmaker Iran Khodro Company (IKCO). He replaced Javad Najmeddin. IKCO (public joint stock) was founded in August 1962. The role of IKCO in boosting car production volume in the country was quite tangible in 2009. Focus on global sales led to a 40% growth in IKCO ...

Irans leading automotive company has unveiled a new home-made car amid a surge in domestic output of various car models that many attributes to the growing indigenization of the industry as a result of US sanctions. Irans minister of industries Alireza Razm Hosseini was at a production plant of the Iran Khodro Company (IKCO) on Saturday to unveil ...

Al-Monitor | Ali Dadpay: Many Iranian investors have recently seen the value of their portfolios drop significantly due to governmental overregulation in times of market growth. In an economy besieged by sanctions and handicapped by corruption, the Tehran Stock Exchange offered a rare opportunity for making profits and creating wealth. That opportunity,...

Bourse and Bazaar | Hassan Karimi Sanjari: Iran produced just 770,000 automobiles in 2019, down from 1,418,550 just two years prior. The re-imposition of U.S. secondary sanctions interrupted new investment in Irans automotive sector, particularly by European automakers such as Renault, Peugeot, and Volkswagen. The median age in Iran is just 32....

Financial Tribune - In line with efforts to deepen the localization of auto parts production, 175 projects have been launched by Irans major carmaker Iran Khodro (IKCO), the companys CEO said. Farshad Moqimi said the projects are expected to slash demand for auto parts imports and curb capital flight by 246 million, the automakers website Ikcopress....

Financial Tribune - Irans automotive output declined by 14.6% during the month ending May 20 compared to a year earlier. According to a report published by Irans Securities and Exchange Organization on Codal.ir, the semi-state Iranian automakers, Iran Khodro (IKCO) and SAIPA, produced 78,190 passenger vehicles during the month, which is 13,436 less ...