ARTICLE:Mercedes Benz and Iran Khodro Diesel have established a joint company in Iran.
IRAN KHODRO was founded with registered capital of 100,000,000 Rls. on 18 Aug., 1962 . by Mr. Hadj Ali Akbar Khaiami, Mr. Ahmad Khaiami, Mr. Mahmood Khaiami, Mrs. Marzieh Khaiami and Mrs. Zahra Sayedi Rashti in Ekbatan street in Tehran.
It is a public joint stock company with the objective of creation and management of factories to manufacture various types of vehicles, parts, selling, and exporting of them. Now after 35 years, we continue to design and manufacture automobiles and buses as the largest vehicle manufacturer in the country, and try to supply for domestic demand , penetrate into world markets, go deeper into locally parts manufacturing, and eventually, to realize the highly objectives of the Islamic Republic of Iran.
IRAN KHODRO is the largest vehicle manufacturer company in Iran, having an average share of 65 to 70 percent of domestic vehicle production. Registered Capital of IRAN KHODRO by the end of the Iranian fiscal year 1381(March 20, 2003) was Rls. 2,404,687,500,000 for 2,404,687,500 shares, each 1000 Rls.In 1997, IRAN KHODRO broke the record in the 30 years history of production of the company by producing 111,111 units of various passenger cars and vans.