Iran Khodro, branded as Ikco, an Iranian multinational automaker headquartered in Tehran will launch a joint production line with France's Peugeot in late February, said a top official.

Peugeot 2008 production line will be set up after the required line tests are fulfilled, added Iman Ehteshamzadeh, Ikco Tam deputy CEO .

"We are finalizing the production line settings and we will soon put the line into production in the presence of Tam and Ikap experts,” he added.

Peugeot 2008 production line, which in the first step would assemble Peugeot's new cars, is the first outcome of Ikco/Peugeot joint venture, Ikap.

"Among some European and Chinese Companies, Ikco Tam won the international call for tender on Peugeot 2008 body line," he explained. “All the line settings, jigs and fixtures and transmission systems that are the major parts of this production line are installed by Ikco Tam."

Given the modern production line management system, Peugeot 2008 production capacity can be boosted from four sets to six sets per hour in case the market demand goes up, he noted.

The production line has been designed and set up in an eight-month period, a statement said. Ikap is supposed to introduce Peugeot 508 to Iran's market by the end March.

Meanwhile, Deputy Industries Minister Mohsen Salehi-Nia said that a memorandum of understanding (MoU) between Saipa automaker and some famous international car manufacturers will also become operations next year.

Salehi-Nia said that a total of 1.8 million cars are produced in the country every year, according to an Irna report.  – TradeArabia News Service