Iran Khodro Diesel
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Iran Khodro Diesel (also known as IKD) is an Iranian diesel automotive manufacturer, manufacturing automobiles for the domestic and export markets. It is owned by Iran Khodro.
The foundation of Iran Khodro Diesel Company and track record of manufacturing transportation in Iran are synonymous. Early in 1966, a company was founded with registered capital of 26 M Rials equal to 371,000 ( $1=70 Rials ) in a small work site by the national brand name of Khavar industrial group, at the initial capital of $400,000 to assemble one truck per day. The company was then enlarged and transferred to the new arena, which is a wide expanse of 600,000 m² land located in the south-west vicinity of Tehran, company present location with capital increased to 325 Billion Rials. Equal to 40 Million USD. Early in 1997, the bus manufacturing division of Iran Khodro company with an adopted up to date technology gained through licensing agreement with DaimlerChrysler, the leading manufacturer of the world, merged with Khavar company to encompass both cargo and passenger coaches fabrication in a consolidated complex. The integration of intellects, equipments and facilities along with structural reorganization and proper human resource utilization, initiated new grounds for commercial vehicles manufacturing under the sovereign support of IDRO (industry Development Renovation Organization) and Iran Khodro industrial group, nominated as Iran Khodro Diesel public joint stock company to manufacture heavy, semi-heavy and light cargo transporters as well as passenger coaches for domestic use and export to Middle East, CIS and African countries. So far, IKD Co. has exported bus / truck to United Arab Emirates, Saudi Arabia, Kuwait, Iraq, Libya, Armenia, Azerbaijan, Turkmenistan & Kazakhstan. As for internal use, IKD Co. shares almost 80% of the bus and about 70% of the Iranian truck market and at the same time the experts are bench marking and performing proper quality improvement plans, required for the world class manufacturing by the intension of breaking into the world markets.
