Iran's IKCO Plans for a Low-cost Car
Javad Najmeddin, IKCO CEO in this regard said, "In order to gain more domestic and international market share and meet customers' demands, IKCO is going to design and present eight new products within the next five years.
Najmeddin then pointed out that two of these eight new cars would be designed and manufactured on totally new platforms, one of which would belong to A or B segment and would cost 8000 to 10000 dollars.
"The Design and production of an eight thousand dollar passenger car that meets all modern standards is a difficult and complicated process," IKCO CEO said and added, "when we talk of a low-cost car, we still consider a quality car that observes all required standards."
Paykan was one of IKCO's most popular sedans that was phased out in 2006.
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