Business
July 16, 2023
3 min

Iran aims to expand its automobile sale internationally, Indian market on cards - Devdiscourse

Iran's largest automobile manufacturer, Iran Khodro Industrial Group (IKCO), plans to expand its automotive business to additional nations despite US sanctions. The company has successfully exported cars to Russia and is now targeting the Indian market. IKCO's logistics manager, Leila Yusufi, expressed confidence in entering the Indian market if permitted. The company currently has the capacity to produce 43 cars per hour and is aiming to meet the demand of its partner countries. Yusufi also mentioned IKCO's plans to acquire new technologies from other countries to aid the development of Iran's automotive sector.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry