TEHRAN, Nov. 28 (Mehr News Agency) - The plant to produce Iranian passenger car of Saipa 141 came kicked off in Venezuela on Sunday. Venezuelan high-ranking officials and the managing director of Iranian auto-maker SAIPA attended the inauguration ceremony of the plant dubbed "VEN.IR.Auto".
"VEN.IR.Auto is planned to produce 5,000 units of Saipa 141 by the end of this year. Its final capacity is estimated at 20,000 units per year, which is expected to be fulfilled within the next three years," Ahmad Qalebani, SAIPA managing director, said.
Noting that Saipa 141 is the first Iranian passenger car produced at the Latin American state, he added that it is supplied at the price of $7500 to 8000.
Qalebani further explained, "Iran is providing all parts of the vehicle; however, Venezuelan part-makers, under the supervision of their Iranian counterparts, will supply 35 percent of parts by the next three years."
He added that the remaining 65 percent will be supplied by Iran.
SAIPA is planning to produce the passenger car of right-hand-drive Pride in Sri Lanka, the managing director noted.
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