Iran Khodro Company to Increase Car Export to Azerbaijan
Mehdi Khatibi, the CEO of Iran Khodro company (IKCO), said that the company’s exports to Azerbaijan are expected to increase to 3,500 units in the next 12 months.
He added that the target will be equivalent to a half of all exports by the Iran Khodro company to Azerbaijan over the past years.
Khatibi said IKCO models, including Dena and Samand, have become increasingly popular in Azerbaijan in recent years.
“You can see many of these products on the streets of this country,” he said during in a visit to a car plant in Azerbaijan’s Neftchala region where the IKCO manufactures its popular models.
Khatibi said, however, that IKCO’s plans for increased exports to Azerbaijan will only cover Tara and Dena models.
The IKCO and second largest Iranian carmaker Saipa have reported boosted domestic and international sales in recent years.
The two companies plan to increase their presence in the Russian market where westerns brands have left because of sanctions on Moscow.
Iran has increasingly relied on its home-grown car industry in recent years to respond to a growing domestic demand that has accumulated because of the US sanctions and their impacts on the presence of foreign brands in the country.
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