IKCOIran Khodro Company
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Iran Khodro, which is known as IKCO, is an Iranian automaker headquartered in Tehran.
The certificate is combination of a number of strict European and American standards which IKCO has achieved as the first Iranian company in auto industry.
Censuring IKCO's lack of transparency about its deal with the French carmaker, the secretary of the Iran Auto Parts Manufacturers Association, Maziar Beiglou said, "IKCO expects suppliers to pay for the auto parts molds.
As he announced in a joint press conference with IKCO Managing Director Hashem Yekke-Zare, Peugeot's manufacturing plan for its market of Middle East and North Africa is one million cars in 2025, 75 percent of which would be produced in the region.
Laying out a strategy that will ultimately see IKCO develop not just assembly, but production in Oman, Hashem Yeke-Zare, CEO and president of IKCO, noted: "Based on the strategy, the number of our products would reach to three million vehicles for national and international markets."
Attending the ceremony, Gholamreza Sadeghian, IKCO Tabriz CEO said his company had produced 562,000 sets of Paykan pickups, creating 1.5 job opportunities per a car and employing 150,000 personnel.
Iran Khodro Industrial Group, an Iran-based automaker, has completed the first trial assembly of the Peugeot 206 sedan-based IKCO Runna from an SKD kit at its plant in Iraq in the week beginning May 19, 2014.
"Iran-Khodro is supposed to improve its car making capabilities in a four-year plan; to achieve this it needs to present a new car with IKCO brand every other year," he added.
IKCO's strategy is to increase the production of diesel engines to 100 thousand sets by 2016 that would be 10 percent of the company's total production.
Following previously presented Samand and Runna, Dena is considered as IKCO 's third domestically-built car.