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Iran’s largest carmaker the IKCO says automotive exports to Azerbaijan are anticipated to hit a brand new file of three,500 items within the subsequent 12 months.
IKCO’s CEO Mehdi Khatibi mentioned on Tuesday that the goal shall be equal to a half of all exports by the Iran Khodro Firm to Azerbaijan over the previous years.
Khatibi mentioned IKCO fashions, together with Dena and Samand, have change into more and more well-liked in Azerbaijan in recent times.
“You possibly can see many of those merchandise on the streets of this nation,” he mentioned throughout in a go to to a automotive plant in Azerbaijan’s Neftchala area the place the IKCO manufactures its well-liked fashions.
Khatibi mentioned, nevertheless, that KCO’s plans for elevated exports to Azerbaijan will solely cowl Tara and Dena fashions.
He mentioned his go to to Azerbaijan was aimed toward negotiating costs with manufacturing associate the Khazar Car Firm, including that the IKCO eyes elevated profitability from gross sales within the Azerbaijani market.
Iran has more and more relied on its home-grown automotive business in recent times to reply to a rising home demand that has collected due to the US sanctions and their impacts on the presence of overseas manufacturers within the nation.
The IKCO and second largest Iranian carmaker Saipa have reported boosted home and worldwide gross sales in recent times.
The 2 firms plan to extend their presence within the Russian market the place Westerns manufacturers have left due to sanctions on Moscow.
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