IRAN, OIC TO MAKE PEOPLE’S CAR

Middle East’s largest automaker, Iran Khodro, will join the Organisation of the Islamic Conference to manufacture the ‘people’s car’. The vehicle will be available for sale before 2009 and will be priced between 6,000 and 8,000 US dollars, said Iran Khodro Company (IKCO)

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June 21, 2022

Middle East’s largest automaker, Iran Khodro, will join the Organisation of the Islamic Conference to manufacture the ‘people’s car’. The vehicle will be available for sale before 2009 and will be priced between 6,000 and 8,000 US dollars, said Iran Khodro Company (IKCO) managing director, Manouchehr Manteqi. Manteqi announced over the weekend that his company was going to manufacture three models of vehicles with the cooperation of the Organization of the Islamic Conference (OIC). The first model of these vehicles will be what is termed by the Iran Khodro chief as ‘the people’s car’. The second would be a multi-purpose vehicle (MPV) and the third a sport-utility vehicle, or SUV. One million units of the people’s car are expected to be produced each year beginning in 2009, while an estimated 500,000 MPVs would annually hit the market beginning in 2010. The carmaker last year proposed that the OIC manufacture the car with the cooperation of other Muslim countries. The idea won backing from Malaysia and Turkey.