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MENAFN - 27/01/2013

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(MENAFN) The Islamic Republic of Iran announced that it will establish the country's biggest car plant by 2015, reported Xinhua News citing local Tehran Times.

The plant, which will have an annual production capacity of 5 million cars, will distribute its products to the market by March 2015.

Output of the plant will be larger than the combined production of Iran Khodro and Saipa, the country's 2 major auto manufacturers.

According to Tehran Times, cars of the new plant will be sold at an estimated price of between USD10,000 and USD12,000.

It is worth noting that Western sanctions against Tehran forced many international car manufacturers to leave the country, imposing additional obstacles on the country's local manufacturers that lack modern technological experience.

 






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