• Wed / 30 August 2017 / 13:41
  • Category: Economy
  • News Code: 96060804958
  • Journalist : 71477

Iran Khodro to finalize deal with Nissan Motor for Datsun cars

داتسون

Tehran (ISNA) - Iran Khodro (IKCO) is expected to finalize a deal with Nissan Motor Co for production of low-budget Datsun cars, the largest Iranian automaker’s CEO Hashem Yekezare announced.

"We will enter into a contract with Japan’s Datsun in the next few months,” he said.

The contract will be signed before the end of the current Persian year in March 2018, Yekezare added.

Nissan has already said it would send so-called knockdown kits, to be assembled locally, rather than finished autos to Iran and that the automaker was looking to export kits for several thousand vehicles a year. 

IKCO’s talks with Nissan for production of affordable cars of high quality began in early 2016, with the Iranian automaker targeting Datsun cars in the price range of $11,500.

The production of Datsun cars can potentially enable IKCO to phase out its dilapidated models in the same price category including the Peugeot 405.

Datsun is a resurrected brand targeting emerging markets. Nissan quit using the Datsun brand in 1981 but revived the nameplate in 2013 for increasing sales to Indonesia, India and Russia.

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