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IKCO or Iran Khodro Company (or Iran Khodro Industrial Group) is the largest automobile producer in Iran. Founded in 1962 by members of the Khayami family, the company's original name was Iran National.
[edit] History and development[edit] FoundingIran Khodro was founded with registered capital of 100,000,000 Rls. on 18 August 1962 by Aliakbar Khayami, Ahmad Khayami, Mahmoud Khayami, Marzieh Khayami, and Zahra Seyedi Rashti in Ekbatan Street in Tehran. [edit] StructureIran Khodro (IKCO) is a public joint stock company with the objective of creation and management of factories to manufacture various types of vehicles and parts as well as selling and exporting them. IKCO produces vehicles under 11 brand names.[2] [edit] Size and productionThe company has become the largest vehicle manufacturer in the Middle East, Central Asia and North Africa[3]. In Iran, it is the largest vehicle manufacturing company, having an average share of 65 percent of domestic vehicle production.[citation needed] In 1997, IKCO broke its own production record by producing 111,111 units of various passenger cars and vans. By 2006 Iran Khodro was producing 550,000 vehicles (for the Iranian year 1384, starting on 21 March 2006). The opening of the country’s largest car assembly plant in Khorassan in July 2008 is expected to increase capacity with the ability to turn out 100,000 vehicles per annum by late 2009. However, it will not necessarily increase production. Export opportunities are restricted to relatively low volumes ($60 million worth of cars were exported in 2007).[4] Iran Khodro Wagon Factory in Abhar, Zanjan Province was inaugurated in 2008 and will manufacture 200 rail bus, urban subway, urban light train and monorail wagons, saving $300 million each year on imports.[5] [edit] CertificationIran Khodro has qualified for ISO 9001 from RW-TUV, Germany, as well as many other health, safety, and environment certificates including ISO 14001 and OHSAS 18001.[6] [edit] Products and relationshipsIran Khodro produces Iran's first "national car", the Samand, which is based on the Peugeot 405 platform. The firm has a long-term relationship with PSA Peugeot Citroën, and assembles a number of Peugeot models under licence from the French firm. In 2009, Peugeot 206, Peugeot Pars, Peugeot 405, Peugeot Roa, and Samand sedans were IKCO's export-bound cars sent to Iraq, Armenia, Uzbekistan, Turkmenistan, Syria and Afghanistan.[7] It also makes trucks and buses under license from Mercedes-Benz. For more than three decades, Iran Khodro produced the Paykan, a car developed from the Rootes Group's Rootes Arrow range, best known as the Hillman Hunter. Paykan saloon car production was discontinued in 2005, almost thirty years after the end of Arrow production (latterly as the Chrysler Hunter) in Britain. A pick-up version is still in production.[8] In a joint-venture with Daimler AG, Iran Khodro is soon to start production of sophisticated 900-class Mercedes-Benz engines; Daimler states that Iranian-made engines will be exported to Germany. [9] [10] [edit] Passenger car range IKCO Runna
[edit] Future plans
In July 2008 Iran Khodro's CEO Manouchehr Manteqi announced the Iranian auto giant's goal of designing and mass producing more national cars, in the forthcoming years. [edit] Models currently under development
In October 2008 IKCO announced that it would start producing a car specially designed for women, though no date was given for its availability.[15] In 2010 Iran Khodro is expected to unveil and produce:
In 2011/12 IKCO is expected to unveil and produce:
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