Iranian carmaker Iran Khodro will establish an assembly line with the capacity of 30,000 units per year in the Iraqi city of Iskandariya by the next month.
Preliminary agreements were made three years ago, IRNA quoted Iran Khodro deputy director for exports Abdol’azim Sa’dian as saying.
Iran Khodro has been exporting its products to Iraq for about a decade, he said. Iran plans to manufacture at least three million cars by 2025 and export some one million sets, Iranian Industry, Mines and Trade Minister Mehdi Ghazanfari has said.
Iranian car manufacturers produced 1.648 million cars in 2011, ranking the country 13th in the world, according to a report by the International Organization of Motor Vehicle Manufacturers.
Meanwhile, Iran imported over 44,000 cars, worth more than $1 billion, during the past Iranian calendar year, which ended on March 20. The United Arab Emirates, South Korea, and Kuwait were the main sources of exporting cars to Iran.