Iran’s industries ministry says carmakers will discontinue three well-known models in August.

Largest Iranian carmaker the IKCO unveils a first crossover fully developed and designed in the country.

The Iran Khodro Company reaches a record daily output of 3,616 units.

Iran’s top carmaker IKCO reports near record sales despite sanctions and pandemic woes.

The engine is a first in Iran fully relying on the domestic expertise and manufacturing capacity.

Iranian automakers will produce more than 1.3 million cars next year, marking a 50 percent jump in production in the face of US sanctions, a deputy industry minister says.

When French automakers Peugeot and Renault exited Iran along with other international companies in 2018, the ensuing supply crunch produced a chaos which saw car prices vault to unprecedented highs.

The IKCO says car output rose by 45 percent in the first half of the current fiscal year.

Iran’s IKCO is offering its French model Peugeot 207 with a panoramic roof.

Iran’s IKCO is to begin mass production for K132, a first fully homemade car, in February 2021.