Tag Archives | Iraqi Car Market

Iraq Business News brings you the latest on the Iraqi car market, with information on developments and opportunities.

Ministers Offer Iran Site for new Car Plant

By John Lee. The Deputy Managing Director of of Iranian vehicle maker Iran Khodro (IKCO) has said the company has chosen Iraq as a target market for its car exports, and opened a new showroom in Baghdad last week as a first step. Meqdad Mahmudi told Iran’s IRNA news agency that both the Iraqi Oil […]

IKCO to Double Vehicle Output

By John Lee. Iran Khodro (IKCO) has reportedly announced its intention to increase production at its Iraq plant from 50 cars a day to 100. The plant, in the central Iraqi city of Iskandariya, is IKCO’s largest car plant outside Iran. According to a report from Just Auto, a drop in transportation fees and a […]

Turkey’s Doğuş Expands into Iraq

By John Lee. Hurriyet Daily News reports that Doğuş Otomotiv, the automotive arm of Turkey’s Doğuş Holding, has said it has reached an agreement with Volkswagen and Audi to establish a company in Iraq. Doğuş Otomotiv will own 100 percent of the company that will deal with distribution and after-sale services for Volkswagen and Audi […]

Iran Khodro to Make 30,000 Cars in Iraq This Year

Bloomberg reports that Iran Khodro, the country’s largest carmaker, plans to manufacture 30,000 cars at its production site in Iraq this year. The company is delivering components to the plant for assembly, mostly for the Samand sedan model (pictured). Operations at the plant, which has received investment from a local partner, started in 2011, the […]

Iranian Carmaker to Build Factory in Iraq

Iranian carmaker Saipa is to build a car assembly plant in Iraq. The factory will have capacity to output as many as 120,000 cars per year if operated around the clock. Iran has developed its domestic car industry for five decades and produced 1.6 million vehicles last year, about half of them made by Iran […]

Hyundai Signs $36m Contract for Iraqi Car Plant

The ‘Iraqi Automobile Industry Company’ [State Company for Automotive Industry] has reportedly signed a contract with the South Korean company Hyundai to manufacture and assemble Hyundai cars. The contract, worth with 44 billion Iraqi dinars [$36 million], involves the production of 2000 saloon cars annually. The manufacturing line is to be completed within three years. […]