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auto industry

Iranian carmaker unveils first all-electric car

The Iran Khodro Compnay (IKCO), the largest carmaker in Iran, has unveiled a first electric car that could reach mass production in two years time.

Mine and Industry

Iranian ministry, car manufacturers seal $60m deal to produce spare parts

The Ministry of Industry, Mine and Trade (MIMT) says the agreement will stop a capital flight of $85m per year as Tehran moves to cushion the effect of unilateral US sanctions.

Mine and Industry

Iranian, Italian auto parts producers to exchange through barter trade

Manufacturers of auto parts from Iran and Italy have proposed that through barter system they can have trade exchanges to offset the effects of unilaterla US sanctions.

Mine and Industry

SAIPA launches car parts domestic production initiative to fend off sanctions

The Iranian automaker says the initiative is part of its plans to reduce the effect of unilateral US sanctions that have disrupted production lines. It will also help boost production, the group says.

Mine and Industry

French Renault could come back to Iran ’in future’

Renault could get back to business in Iran in 2020 should democrats win presidential elections and re-enter the US into the 2015 nuclear deal and remove sanctions. However, it’s hard to predict how the new US political scene will unfold next year.

Trade

Mercedes-Benz to resume Iran production soon

Mercedes-Benz, a division of Daimler AG, will resume production of cars in Iran from the beginning of the new Persian year in March, ISNA news agency has reported.

Macro Economy

Iran, Renault sign €660m deal

French carmaker Renault has signed a much-awaited agreement with Iran to produce more than 150,000 cars a year in the country – what is already being described as the Islamic Republic’s biggest ever auto deal.

Mine and Industry

Germany’s Volkswagen picks Iran partner

Germany’s Volkswagen says it has picked a local Iranian auto company to represent it in one of the biggest markets of the Middle East.

Transportation

Frances PSA Group to carry out Iran plans despite US threats

Frances auto giant PSA Group says it is pushing ahead with a plan to invest in Iran’s auto industry despite an increased anti-Iran rhetoric by the United States under President Donald Trump.

Transportation

​PSA vows ‘central’ regional role for Iran

French auto giant Peugeot Citroen PSA says it has serious plans to make Iran a “central” production hub in the Middle East.

Mine and Industry

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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