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Iran Khodro
Type Public
Founded 1962 by Ahmad Khayami and Mahmoud Khayami
Headquarters Tehran, Iran
Key people Javad Najmuddin CEO
Industry Automotive
Products Automobiles
Revenue USD $10 billion (2009)[1]
Net income USD $560 million (2005)
Employees 58,000 (2005)
A previous logo of the company

IKCO or Iran Khodro Company (or Iran Khodro Industrial Group) is the largest automobile producer in Iran. Founded in 1962 by members of the Khayami family, the company's original name was Iran National.


History and development



Iran Khodro was founded with registered capital of 100,000,000 Rls. on 18 August 1962 by Aliakbar Khayami, Ahmad Khayami, Mahmoud Khayami, Marzieh Khayami, and Zahra Seyedi Rashti in Ekbatan Street in Tehran.


Iran Khodro (IKCO) is a public joint stock company with the objective of creation and management of factories to manufacture various types of vehicles and parts as well as selling and exporting them. IKCO produces vehicles under 11 brand names.[2]

Size and production

The company has become the largest vehicle manufacturer in the Middle East, Central Asia and North Africa[3]. In Iran, it is the largest vehicle manufacturing company, having an average share of 65 percent of domestic vehicle production.

In 1997, IKCO broke its own production record by producing 111,111 units of various passenger cars and vans. By 2006 Iran Khodro was producing 550,000 vehicles (for the Iranian year 1384, starting on 21 March 2006).

The opening of the country’s largest car assembly plant in Khorassan in July 2008 is expected to increase capacity with the ability to turn out 100,000 vehicles per annum by late 2009. However, it will not necessarily increase production. Export opportunities are restricted to relatively low volumes ($60 million worth of cars were exported in 2007).[4]

Iran Khodro Wagon Factory in Abhar, Zanjan Province was inaugurated in 2008 and will manufacture 200 rail bus, urban subway, urban light train and monorail wagons, saving $300 million each year on imports.[5]

IKCO is self-sufficient in mass powertrain production, without any foreign assistance.[6]


Iran Khodro has qualified for ISO 9001 from RW-TUV, Germany, as well as many other health, safety, and environment certificates including ISO 14001 and OHSAS 18001.[7] The company has also obtained TÜV, TSE, GOST and some other important standard certification for its diffrent productions.

Products and relationships

Iran Khodro produces Iran's first "national car", the Samand, which is based on the Peugeot 405 platform. The firm has a long-term relationship with PSA Peugeot Citroën, and assembles a number of Peugeot models under licence from the French firm. In 2009, Peugeot 206, Peugeot Pars, Peugeot 405, Peugeot Roa, and Samand sedans were IKCO's export-bound cars sent to Iraq, Armenia, Uzbekistan, Turkmenistan, Syria and Afghanistan.[8]

It also makes trucks , buses and E-Class passenger car under license from Mercedes-Benz.

For more than three decades, Iran Khodro produced the Paykan, a car developed from the Rootes Group's Rootes Arrow range, best known as the Hillman Hunter. Paykan saloon car production was discontinued in 2005, almost thirty years after the end of Arrow production (latterly as the Chrysler Hunter) in Britain. A pick-up version is still in production.[9]

In a joint-venture with Daimler AG, Iran Khodro is soon to start production of sophisticated 900-class Mercedes-Benz engines; Daimler states that Iranian-made engines will be exported to Germany. [10] [11]

In November 2009, Iran Khodro unveiled its new "national diesel engine" with fuel consumption of 5 liters per 100 kilometers in combined cycle.[12] The engine has achieved emission standard of Euro 5, featuring a Diesel Particulate Filters (DPF) as well as a new Exhaust Gas Recirculation (EGR). The 1.5-liter turbodiesel uses advanced technology to deliver strong power and torque of 256Nm.[13] Iran khodro is currently exporting its productions to almost 40 contries all around the world.

Export Markets

The company won the annual national prize for export activities in years 2006, 2007. Russia, Syria, Turkey, Iraq, Azerbijan, Ukrain, Egypt, Algeria and Bulgaria are among the most important target market for the group. Since Iran Khodro group new movment trough international markets in year 2004 the company has exported more than 150,000 units of cars in diffrent classes and models to other contres mainly in Middle East and CIS region. By this Iran Khodro has ranked as 24th company among 100 top companies in islamic world in year 2008.

ISACO Kish (IKCO after Sales Services and Spare Parts Export Co) is one of Iran's best exporters according to IDRO.[14]

Passenger car range

IKCO Runna
Peugeot Pars
Samand Soren's Iran-made hybrid engine
  • Samand; the "Iranian national car". Codenamed X7 during development, and based on the 405 platform. Price starting at $9,000.[15]
  • Samand LX; a modified version of the basic Samand with better equipment and better outlook
  • Samand Sarir; a longer bodied Samand with enhanced equipment (unveiled in 2006)
  • Samand Soren a new model of Samand (unveiled in 2008) Iran's first passenger car achieving Euro III emission standard and with a new more efficient Engine Management System.[16]
  • Samand Soren ELX; A new model of Samand Soren which has lots of changes applied to it compared to its main model "Samand Soren" like safety featues such as passenger air bag, 3-point seatbelts for rear passengers. It is powered by the most powerful Iranian national Engine (EF7 Turbo Charged Engine) which can produce 156hp with 210 N-m of torque. Its engine has passed Euro IV emission standard and it can pass the Euro V emission standard if some changes are applied to the engine. It offers new technologies like using Nanotechnology for cloth of its seats and the dashboard and many other parts of it.
  • Runna; IKCO's second "National Car"/all Iran-made car. Codenamed X12 during development and based on the modified 206 SD platform.
  • Peugeot 206; a saloon version of the 206, the Peugeot 206 SD has also been recently co-developed with Peugeot
  • Peugeot 405; available in saloon trims GLi and GLX and estate trim GLX
  • Peugeot Pars; initially called the Peugeot Persia. Changes include a redesigned front and modernized rear
  • Peugeot RD; chassis and drivetrain are similar to the older Paykan but the outer body shell and appearance resemble a 405
  • Peugeot 407; as CBU (about 2000 are imported to Iran by Iran Khodro)
  • Suzuki Grand Vitara
  • 207i; according to the agreement between IKCO and Peugeot, the Iranian company will name it 207i. The car production will be lunched in January 2010.[17]
  • Dacia Logan; both IKCO and SAIPA produce the car as "Tondar90". Renault Pars Company is in charge of the engineering, quality control, parts supply, logistics, managing sales policies as well as marketing and customer services for Renault products in Iran and IKCO is one of its main shareholders that produces Tondar for the domestic market. Renault Pars is a joint venture, 51 percent of which belongs to Renault of France. Forty-nine percent of Renault Pars' shares is jointly held by Iran's Industrial Development and Renovation Organization, IKCO and Saipa. The company was established in 2003.[18]

Future plans

10 Year strategic plan
  • Automotive manufacturer in the world class
  • Developing strategic union and partnership in investment with global automotive market leaders
  • Capable of competition with emerging car producers in the region via designing and developing various products
  • The most suitable automotive industry station in the region for extension of investment in the related scopes
  • Global partnership
7 year strategic plan
  • Return and sustain the position of the largest vehicle manufacturer in the region
  • Competition advantages in product design and development
  • Continuous improvement in productivity, quality and technology
  • Developing domestic suppliers and manufacturing stations
  • Acquisition and develop the manufacturing capabilities in product design, development and production
Heading of Strategies of Iran Khodro Industrial Group
  • Product’s development and variation strategies
  • Export marketing and global competitive strategies
  • Constitution, production and supply chain collections strategies
  • Research, development and innovation strategies
  • Quality advancement strategies
  • Manpower strategies
  • Electromotive force fuel, environment, safety and Industrial health
  • Purposive cost Management strategies
  • Communication development and Information technology strategies
  • Financial and investment strategies
Mass objectives of Iran Khodro company in 2007
  • Preservation and development of domestic market share
  • Export increment
  • Customer satisfaction indicative increase
  • Share profit rate increase

In July 2008 Iran Khodro's CEO Manouchehr Manteqi announced the Iranian auto giant's goal of designing and mass producing more national cars, in the forthcoming years.

Models currently under development

  • Second generation of "Samand"
  • Popular car for Islamic countries
  • Two saloons currently under joint development with Peugeot

In October 2008 IKCO announced that it would start producing a car specially designed for women, though no date was given for its availability.[20]

In 2010 Iran Khodro is expected to unveil and produce:

  • A new van
  • A new model of Samand

In 2011/12 IKCO is expected to unveil and produce:

  • A second new van (heavy)
  • A new model of Samand with IKCO's first Diesel-engine
  • Peugeot 405 with IKCO's first Diesel-engine
  • IKCO's first luxury car


See also

External links


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