Iran Khodro

Iran Khodro Corporation
Public company
Traded as TSE : Iran Khodro(IKCO1)
ISIN: IRO1IKCO0008
Industry Automotive
Predecessor Iran National
Founded 29 August 1962, Tehran
Founder Khayami family
Headquarters Tehran, Iran
Area served
Key people
Products
Services
Revenue Increase US$ 12.8 billion (2011)[1]
Decrease US$ 1.03 billion (2011)[2]
Total assets Increase US$ 32 billion (2011)[3]
Number of employees
 54,000 (2012) [4]
Subsidiaries
Website www.ikco.ir/en
A previous logo of the company

Iran Khodro (Persian: ایران‌خودرو‎‎), branded as IKCO, is an Iranian multinational automaker headquartered in Tehran.[5] The company's original name was Iran National (Persian: ایران ناسیونال). IKCO was founded in 1962 and it produced 688,000 passenger cars in 2009.[6] IKCO manufactures vehicles, including Samand, Peugeot and Renault cars, and trucks, minibuses and buses.[7]

History and development

Founding

Iran Khodro was founded by Ahmad Khayami, with registered in the capital of 100,000,000 Rls, on August 29 1962 Aliakbar Khayami, Ahmad Khayami, Mahmoud Khayami, Marzieh Khayami and Zahra Seyedy Dashty, in Ekbatan world in Tehran.

Name

The word khodro (خودرو) means "automobile" in Persian, hence Iran Khodro means "Iran Automobile".

Structure

Iran Khodro Industrial Group (IKCOOS) 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. IKCOOS produces vehicles under 13 brand names.

Size and production

The company has become the largest vehicle manufacturer in the Middle East, Central Asia and North Africa.[8] In Iran, it is the largest vehicle manufacturing company, having an average share of 65 percent of domestic vehicle production.[9]

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 Razavi Khorasan 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.

Iran Khodro, the largest car manufacturer in the Middle East, produced 774,965 units of passenger cars and commercial vehicles in 2010 and aims to produce and market 850 thousand cars in 2011.[10]

Certifications

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.[11] The company has also obtained TÜV, TSE, GOST and some other important standard certification for its different productions.

Products and relationships

Iran's automobile production crossed the 1 million mark in 2005. Iran Khodro is one of the largest car manufacturers in Asia. It has established joint-ventures with foreign partners on 4 continents.

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.[12] Bardo Pick-up, pick-up version of Paykan, will be replaced by a new pick-up from Samand family.[13]

Iranian-designed IKCO Samand, replaces the dated Paykan as Iran's "national car", and features a part-Iranian designed CNG/petrol dual-fuel engine in its Soren variant.

Front view of Samand LX
Rear view of Samand LX

The firm has a long-term relationship with European and Asian manufacturers including PSA Peugeot Citroën, manufacturing and assembling a number of models under license from these firms. In 2009, Peugeot 206, Peugeot Pars, Peugeot 405, Peugeot Roa, and Samand sedans were IKCO's export-bound cars sent to Azerbaijan, Iraq, Armenia, Uzbekistan, Turkmenistan, Syria and Afghanistan.[14] As at 2012, IKCO products incorporate 5-10 percent of components imported from France. IKCO's parts imports from Peugeot accounted for 700-800 million euros ($572–654 million) per year.[15] Iran has reached 98% of self-sufficiency in producing Peugeot 405 parts and 75% in Peugeot 206 parts.[16] By ending year 2012, Peugeot cuts its relations with Iran Khodro due to international sanctions against Iran. Four years later, in 2016, after reaching Joint Comprehensive Plan of Action between Iran and E3+3, Iran Khodro and Peugeot decided to make 50%-50% joint venture named IKAP to start the relations again.

Renault Pars 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.[17]

IKCO also manufactures trucks, buses and E-Class passenger cars under license from Mercedes-Benz. In a joint-venture with Daimler AG, Iran Khodro is to start production of sophisticated 900-class Mercedes-Benz engines; Daimler states that Iranian-made engines will be exported to Germany.[18] Among Asian automotive manufacturers, IKCO is cooperating with Suzuki. Producing Suzuki Grand Vitara in IKCO's Site in Khorasan, IKCO will produce Suzuki Kizashi.[19]

In 2012, IKCO announced that at least 3% of the company's sales will be allocated to research and development.[20] As of 2015, the company's 7-year strategic plans for product development are in body design, die making, suspension, powertrain, trim and car electronics.[21] +EU]]

Newsly Italian car design firm Pininfarina signed a €70 million 36-month contract with Iran's biggest car producer, Iran Khodro Group on for the development of four new models and to give the carmaker a second wind in research and development of new models. The agreement will help develop a modular automotive platform for four different vehicles, and the first passenger car of the medium segment of the market, a press release from the Italian firm said.

Production sites

IKCO has 12 production site around the globe, 6 sites in within borders of Iran and 6 other in IKCO's main export markets. In its five-year (2012–17) future growth prospective, IKCO envisions an annual manufacturing capacity of three million units, with exports of a million units per year.[22]

Domestic plants:

Plant Production Capacity Product Location
Fars 30000 Pars Sedan (Peugeot 405 and samand to be produced later) Shiraz
Mazandaran 15000 Samand Sarir Babol
Semnan* 100000 Samand family Semnan
Khorasan 150000 Suzuki Grand Vitara, Pars, Peugeot 405 Mashhad
Tabriz 120000 Samand EF7, Samand Arisan Instead of Bardo Pick-up Paykan[23] Tabriz
IKCO (main plant) 700000 Roa, Peugeot 405, Peugeot 206 family, Peugeot 207i, Samand, Tondar 90, Soren family, Tehran

Foreign sites:

Plant Production Capacity Product Location
Unison 60000 Samand Belarus
Azsamand 10000 Samand Azerbaijan
SIAMCO 30000 Samand Syria
CDC 15000 Peugeot Pars Egypt
SENIRAUTO 30000 Samand Senegal
VENIRAUTO 16000 Samand Venezuela

Export markets

The company won the annual national prize for export activities in years 2006, 2007. Russia, Syria, Turkey, Iraq, Azerbaijan, Ukraine, Egypt, Algeria and Bulgaria are among the most important target markets for the group. Since Iran Khodro group new movement through international markets in year 2004, the company has exported more than 150,000 units of cars in different classes and models to other countries mainly in the Middle East and CIS region.

Export opportunities are restricted to relatively low volumes with $60 million worth of cars exported in 2007.[24] By this Iran Khodro has ranked as 24th company among 100 top companies in Islamic world in year 2008. The Company has exported about 35,000 cars in year 2009.[7] The company exported 40,000 units in 2010, including 30% of the total production of its Samand model. IKCO intends to export 9% of its output in 2011, amounting to 75,000 vehicles, before reaching 16% in exports by 2014.[25] The company plans to increase its annual exports to more than 600,000 cars by 2016. IKCO also hopes to take a 51% share of the Iranian market in 2011, while improving the quality of its products. Iran Khodro is currently exporting its productions to almost 40 countries all around the world.

Passenger car range

IKCO

Dena
Samand LX

Peugeot

Peugeot Pars (formerly known as Peugeot Persia or simply Persia)
Peugeot 206

Renault

Suzuki

EF family engines

IKCO is self-sufficient in mass powertrain production, without any foreign assistance.[34] IKCO plans to produce more than 300,000 EF7 and TU5 Iran-designed economy engines in 2010.[35]

Iran Khodro started to design a new range of engines for its products in 2007 in a joint with F.E.V of Germany. The first EF series engine officially shown to the public in 2008 is EF7 which is currently powering Samand LX car in Iran.

EF7 turbocharged engines were initially shown to the public in mid-2009 and will be installed on Soren ELX by last 2010. Other EF series engines named EF4 & EFD (Diesel) engines design are finished and they are being tested for mass production by Iran Khodro. In November 2009, Iran Khodro unveiled its new "national diesel engine" with fuel consumption of 5 liters per 100 kilometers in combined cycle.[36] 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 300Nm.[36] Iran Khodro has designed the EF4 & EFD itself in consultation with some expert engine designers.

Subsidiary companies

SAPCO had been established in 1993 to manage the supplying chain of automotive parts in IKCO, with the main aim of being the best and most respected supplier of automotive parts and technical services. SAPCO also helps its suppliers to improve the quality of their products.

IKCO Spare Parts and After-Sale Services Co. (ISACO) was founded in 1977. ISACO is providing after-sale services and supplying spare parts for IKCO products throughout the country. ISACO Kish, is one the subordinate companies of ISACO which is assigned with the task of supplying after-sale services to IKCO vehicles in the international markets. In 2011, 37 percent of the needed spare parts were globally outsourced and ISACO aims to reduce this amount to 23 percent.[37] Iraq, Belarus, Russia, Ukraine, Venezuela, Senegal, Algeria and Tunisia are the main target markets for ISACO.

IPCO was established in 1998. The main activity of this engineering services company is in the field of power train including design and development, testing, adjusting, product engineering, and quality assurance processes in mass production and design production. This subsidiary of IKCO is competent in other fields such as designing, installing and commissioning of testing equipments (hardware and software) of automotive parts, engines and vehicles as well.

This subsidiary of IKCO was found with name "Ghateh Sazan-e Mojarab" in 1997 with the aim of creating cutting-edge has been changed to TAM Co. in 1998. The company has designed and completed projects of the SAMAND production line in Syria, Venezuela and Senegal without help of foreign companies, relying on its own knowledge and technology. In 2012, TAM won Iran's "Most Admired Knowledge Enterprise (MAKE)" award.[38]

Samand Investment Co. was established as a Corporation in 2004 with the purpose of the identification of investment opportunities, analysis and evaluation of the stock market and creating income for shareholders.

IRICO was established by Iran Khodro Investment Development Company in 2003 to manufacture railway rolling stock. IRICO produces metro wagon, rail bus, light rail vehicle and monorails. In March 2011, Tose-e-Tarabar Raili Iranian Co. acquired RICO from Iran Khodro.

Iran Khodro Diesel Company was established initially under the name of Khawar Industrial Group in early 1966. In 1999 Iran Khodro Company merged its bus and midi-bus production lines with Khawar Industrial Group truck production lines together and the new company Iran Khodro Diesel, public joint stock was established to manufacture different types of commercial vehicles for domestic and overseas markets. Iran Khodro Diesel Company exports its products to many countries.

See also

References

  1. ↑ http://www.turquoisepartners.com/iraninvestment/IIM-Mar11.pdf
  2. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2013-03-09. Retrieved 2012-02-21.
  3. ↑ "PressTV - IKCO, Iran's richest industrial company". Presstv.ir. Retrieved 2012-01-14.
  4. ↑ "ایران‌خودرو و سایپا؛ رکورددار کمترین‌ بهره‌وری‌ در جهان". Retrieved 2014-01-04.
  5. ↑ "Internet Archive Wayback Machine". Web.archive.org. 2008-06-17. Archived from the original on 2008-06-17. Retrieved 2011-05-29.
  6. ↑ "Iran ranks 5th on OICA growth chart". PressTV. 2010-08-18. Retrieved 2011-05-29.
  7. 1 2 "No. 3831 | Domestic Economy | Page 4". Irandaily. 2011-03-20. Retrieved 2011-05-29.
  8. ↑ "Iran Khodro Rail Industries Factory Inaugurated". En.iccim.ir. 2008-12-28. Retrieved 2010-04-18.
  9. ↑ "Fars News Agency :: Iran-Khodro to Unveil Peugeot 207i in February". English.farsnews.com. 2010-01-31. Retrieved 2010-04-18.
  10. ↑ "Iran Khodro Industrial Group on the Throne of Iran's Auto Industry". Retrieved 29 May 2011.
  11. ↑ Archived August 26, 2009, at the Wayback Machine.
  12. ↑ Ellis, Eric (2006-09-12). "Made In Iran - September 18, 2006". Money.cnn.com. Retrieved 2010-04-18.
  13. ↑ "IKCO New Products Replace Old Ones". Retrieved 29 May 2011.
  14. ↑ Archived September 21, 2009, at the Wayback Machine.
  15. ↑ https://sports.yahoo.com/news/iran-auto-production-plunges-third-134504563--nascar.html;_ylt=A2KJjaiEYA5QMAoAqvHQtDMD
  16. ↑ "Archived copy". Archived from the original on 2012-07-23. Retrieved 2012-07-24.
  17. ↑ "IKCO takes lead in quality Tondar 90 production". Presstv.com. 2009-12-24. Retrieved 2010-04-18.
  18. ↑ Article in Iran Daily Archived October 21, 2006, at the Wayback Machine.
  19. ↑ "IKCO to Produce a New Suzuki". Retrieved 29 May 2011.
  20. ↑ "Archived copy". Archived from the original on 2012-02-05. Retrieved 2012-02-05.
  21. ↑ http://english.farsnews.com/newstext.aspx?nn=13940128000794
  22. ↑ "IKCO to present new high-tech cars in international markets". PressTV. 2012-02-26. Retrieved 2012-07-22.
  23. ↑ http://www.mashreghnews.ir/fa/news/355508/%D8%AE%D9%88%D8%AF%D8%B1%D9%88%DB%8C-%D8%AC%D8%A7%DB%8C%DA%AF%D8%B2%DB%8C%D9%86-%D9%88%D8%A7%D9%86%D8%AA-%D9%BE%DB%8C%DA%A9%D8%A7%D9%86%D8%AA%D8%B5%D8%A7%D9%88%DB%8C%D8%B1
  24. ↑ "Algeria Seeks IKC Cooperation". Archived from the original on 2009-01-29. Retrieved 2009-01-29.
  25. ↑ "Research and Markets: Iran Autos Report Q4 2011 - Available Now". Benzinga. Retrieved 2012-01-14.
  26. ↑ "خودروی سمند به ترکیه صادر می شود - kodoom.com". Economy.kodoom.com. 2010-01-18. Retrieved 2010-04-18.
  27. ↑ http://www.iran-daily.com/1387/3304/html/economy.htm. Retrieved June 27, 2009. Missing or empty |title= (help)
  28. ↑ "Ahmadinejad unveils electric Samand". Presstv.com. 2010-02-10. Retrieved 2010-04-18.
  29. ↑ "IKCO to unveil new luxury sedan". PressTV. Retrieved 2011-05-29.
  30. ↑ "Iran Khodro unveils luxury car Dena". PressTV. 2011-04-17. Retrieved 2011-05-29.
  31. ↑ "Photos: Iran unveils Dena, second domestic car". Payvand.com. 2006-11-22. Retrieved 2011-05-29.
  32. ↑ ikco
  33. ↑ "icko New Products Replace Old Ones".
  34. ↑ "IKCO self-sufficient in powertrain production". Presstv.com. Retrieved 2010-04-18.
  35. ↑ "IKCO to make 300,000 economy engines per year". Presstv.com. Retrieved 2010-04-19.
  36. 1 2 "Iran Khodro unveils national diesel engine". Presstv.com. 2009-11-17. Retrieved 2010-04-19.
  37. ↑ "ISACO ready to supply spare parts if Peugeot imposes sanctions". PressTV. 2012-04-19. Retrieved 2012-07-22.
  38. ↑ "Tam Iran Khodro amongst the Asian MAKEs". Zawya. 2012-01-11. Retrieved 2012-07-22.
Iran Khodro vehicle timeline
Type 1960s 1970s 1980s 1990s 2000s 2010s
789 0123456789 0123456789 0123456789 0123456789 0123456
Small family Runna
Mid-size Paykan
Large family Peugeot Pars
Samand
Samand LX
Samand Soren
Executive Samand Sarir
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