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Iran-Khodro estimates 200 million dollars worth of car exports this year

Tehran, May 9, IRNA-An advisor to Iran giant car manufacturing concern Iran-Khodro Industrial Group said in Tehran on Sunday that if all the organization's plans are implemented the conglomerate forecasts over dlrs 200 million of car exports in the current Iranian year (started March 21).

Alireza Mirzaei added that the company exported over dlrs 10 million of parts last year saying the figure is expected to double in the current year.

"The management has envisioned plans for making product more competitive in the tough and changing international markets." He said the company also has attractive technical advantages for exports to regional markets which should be exploited.

Mirzaei also pointed to changing domestic laws and regulations, ureaucratic red-tape, and non-membership in regional trading blocks as the main factors hindering exports of cars.

Furthermore, he said, various customs tariffs and fees levied on domestic automobile companies have denied the ability to better compete in world markets.

He said the goal is to export 10 percent of production within four years.

Per an agreement signed in April between the Iran and China on the sidelines of the ongoing 11th International Auto Show in China, Iran-Khodro industrial group is to manufacture samand models in the country.

Commenting on the project, Managing Director of Iran's Investment Corporation Nasser Marzban told IRNA that Iran Khodro is going to supply 30 percent of the needed financial resources while the Chinese part will provide the rest of the capital.

He said the initial amount of the joint investment for production of Samand stood at dlrs 60 million.

According to the official, 20,000 Samand cars are agreed to be produced in China annually in the first year with the number growing to 120,000 in three years.

A company affiliated to Iran Khodro will design and install the machinery needed by the Chinese, he said, adding that 50 percent of car's parts are planned to be manufactured in China in one year's time.

Marzban noted the Samand production line will be officially launched in China in one year.

Managing Director of Iran's auto manufacturing giant, Iran Khodro Industrial Group, Manouchehr Manteqi said here last week that the company would stop Paykan car production in the next two weeks per a directive by Ministry of Industries and Mines.

Manteqi said necessary preparations have been made for enforcement of the directive.

He rejected the rumors that Iran Khodro had opposed or resisted the order for halting production of the car, saying his company had no problem with enforcement of the directive and every thing has been prepared for the purpose.

"Since a few months ago, Iran Khodro has planned to gradually reduced Paykan car production and necessary measures have been taken for using the equipment and facilities of this production line in other sections of the plant," said Manteqi.

... Payvand News - 5/9/05 ... --

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