Iran News ...


9/1/05

Iran-Khodro's share to increase in regional auto-markets

Tehran, Sept 1, IRNA-Managing Director of Iran giant car manufacturing company Iran-Khodro Industrial Group said here Wednesday that the share of company in the region automobile markets is on the rise.

According to Iran-Khodro Public Relations Department, Manuchehr Manteqi referred to the successful signing of agreements for exports and launching of 'Samand' assembly lines in several regional countries.

He also heralded better times for the company next year.

Manteqi said that the preliminary efforts have been prepared for the company's production to enter the vast Russian car market.

"Getting Russian standards are not easy and many of the international automobile concerns have not been able to achieve the required prerequisites."

He said that the Iran-Khodro in the latest achievements abroad has been able to obtain 11 different Russian standards for Samand as well as receiving permits for exports of Peugeot 206 recently.

"The first batch of Peugeots have been dispatched to Russia," he added.

Several Samand assembly lines will also be inaugurated in Syria in the next few months, he added.

Other nations with which Iran-khodro has entered into talks or has inked contracts for setting up assembly lines are Venezuela, Egypt, Senegal and Azerbaijan republic, Manteqi underlined.

He added that the company aims for gaining 30 percent of Syrian and Persian Gulf markets.

"With some countries we have signed contracts for export of 6,000-7,000 cars by the end of the current year (March 20)." He further said that the approximate value of Iran-Khodro's exports to Syria will be dlrs 40 million which is about 10-fold compared to the previous year.

Iran Khodro will deliver 4,000 light and heavy vehicles to Syria by March, making it the second major car exporter to the Arab country, Samand' production line will also be set up in suburban Damascus by this fall. "At least 4,000 Iran's national sedan will be released to the Syrian market in the first year," he said.

Iran's major car producer has said if all go according to plan, the conglomerate predicts over 200 million dollars worth of car exports in the year to March 2006.

The company also exported over 10 million dollars worth of spare parts last year, adding the figure is expected to double this year.

Constantly changing laws and regulations, red-tape and non-membership in regional trading blocs are the main factors hindering exports.

Furthermore, high customs tariffs and duties levied on domestic automobile companies have denied them the chance to compete in global markets.

The company has been entering into joint ventures with reputable international automobile manufacturing companies.

Iran Khodro and the French automobile manufacturing giant Renault Company have formed a new car manufacturing company to produce light passenger vehicles in Iran. The joint venture is called Renault-Pars.

Under the terms of the agreement, French company Renault-Nissan Alliance will hold 51 percent of the company's shares while Iran Khodro will own the rest.

It is estimated that 1.1 million cars will be manufactured in Iran by the end of the current Iranian year (stared March 20, 2005) and 1.5 million by 2008.

... Payvand News - 9/1/05 ... --



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