The preparations for the assembly line of IKCO and Peugeot joint product (Peugeot 2008) began after the two sides signed an agreement last year to restart their cooperation and based on the schedule, the first 2008 rolled out the production line in March.
Invested by the joint venture between IKCO and Peugeot (IKAP), the production line is set to produce over 30,000 vehicles each year.
TAM Iran Khodro Company managed to win the tender bid for setting up Peugeot 2008’s body line last year after putting behind Chinese companies and European car manufacturers.
The company has set up the line with a main focus on taking advantage of local experts to fulfill the goals projected in the resistance economy guidelines.
IKAP has been established with the direct and equal investments by IKCO and Peugeot as part of larger a plan to produce new French vehicles inside Iran and then to export them to the regional countries.