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EghtesadOnline: Deputy Industries Minister Mohsen Salehi-Nia declared that the Iran Khodro will launch a joint production line with France's Peugeot in the near future.

'As per a contract signed between Iran Khodro and Peugeot, the joint production line will be launched in late February,' Salehi-Nia told reporters on the sidelines of touring Farda car manufacturing company in Semnan Industrial Township on Saturday. 

He also said that a memorandum of understanding (MoU) between Saipa automaker and some famous international car manufacturers will also become operations next year, IRNA reported. 

Salehi-Nia said that a total of 1.8 million cars are produced in the country every year.

Peugeot Iran Khodro Iran Auto Iran auto market Mohsen Salehi-Nia