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Iran Khodro annual car production to hit 650,000 by March 2007: executive

TEHRAN, July 21 (Mehr News Agency) -- Iran Khodro Executive Director Manuchehr Manteqi said here on Thursday that the company plans to produce 650,000 passenger cars in the current Iranian calendar year of 1385 (ends March 21, 2007).

"Over the past ten years, the Iranian car-manufacturing company has enjoyed an annual growth rate of 23 percent," Manteqi said at a meeting of the Iran Khodro management.

"The rate has risen 5.5 times faster in the truck and bus production divisions during the past seven years," he noted.

The company's sales volume in 1384 (March 2005-March 2006) was $7.3 billion, a $666.66 million increase compared to 1383 (March 2004-March 2005), he noted.

Iran Khodro employs high-quality systems and, with the help of expert forces, has improved the quality of its products to international standards, he explained.

"Three car models manufactured by the company, the Samand, the Peugeot Pars, and the Peugeot 206, meet the Euro 3 quality standard and the Peugeot 206 sedan and the Suzuki Grand Vitara meet the Euro 4 quality standard," he said.

In 1384, about 62.5 cars were produced for each factory worker, indicating that the company is approaching major car companies' production level, he stated.

Despite the fact that the Peykan has been phased out of Iran Khodro's production cycle, the company accounted for 54 percent of the production volume and 60 percent of the sales market share in Iran, he said.

No company in the Third World has been able to launch a production line beyond its national borders except for Iran Khodro, which has managed to secure some joint investments overseas, he added.

... Payvand News - 7/22/06 ... --

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