Azer­bai­jani-Ira­nian car plant man­u­fac­tures first 100 cars

Azer News - - Front Page - By Rashid Shiri­nov

As many as 40 or­ders were placed for Khazar cars man­u­fac­tured at the joint Azer­bai­jani-Ira­nian plant in the Neftchala in­dus­trial zone, Emin Akhun­dov, chair­man of the Board of Az­erMash, told jour­nal­ists on June 8. He said that the first cus­tomers are gov­ern­ment struc­tures – Min­istries of Econ­omy, En­ergy and Taxes. To date, the plant has man­u­fac­tured about 100 Khazar cars.

As many as 40 or­ders were placed for Khazar cars man­u­fac­tured at the joint Azer­bai­jani-Ira­nian plant in the Neftchala in­dus­trial zone, Emin Akhun­dov, chair­man of the Board of Az­erMash, told jour­nal­ists on June 8.

He said that the first cus­tomers are gov­ern­ment struc­tures – Min­istries of Econ­omy, En­ergy and Taxes. To date, the plant has man­u­fac­tured about 100 Khazar cars.

Akhun­dov added that the sales of cars will be­gin al­ready early next week. At the ini­tial stage there will be two mod­els – Khazar SD and Khazar LD. They will be sold in three sales cen­ters in Baku.

The base price for Khazar SD will be 16,000 man­ats ($9,384), and for Khazar LD – 18,000 man­ats ($10,557).

Akhun­dov noted that it will also be pos­si­ble to lease the cars with an ini­tial pay­ment of 20 per­cent or through a loan with an ini­tial pay­ment of 50 per­cent. The an­nual pay­ment will be 18 per­cent.

It is note­wor­thy that all cars pro­duced at the plant meet the Euro-5 stan­dards.

Akhun­dov also said that the joint Azer­bai­jani-Ira­nian car plant plans to pro­duce about 2,000 cars un­til the end of this year. In gen­eral, the plant plans to man­u­fac­ture eight mod­els of Khazar cars as well as Peu­geot and Re­nault.

“The prices for cars man­u­fac­tured will vary at 14,000-20,000 man­ats ($8,211-11,730). In the fu­ture, if we de­cide to es­tab­lish pro­duc­tion of car parts, the price may drop by 12-13 per­cent,” he men­tioned.

It is also planned to pro­duce mod­els with au­to­matic trans­mis­sion. In gen­eral, the monthly pro­duc­tion at the plant at the ini­tial stage will be 160 cars, Akhun­dov noted.

Iran Kho­dro and sub­sidiary of Az­erMash AzEuroCar LLC signed an agree­ment on Au­gust 6, 2016, on the es­tab­lish­ment of a joint au­to­mo­bile plant in the Neftchala In­dus­trial Park. The to­tal cost of the project is es­ti­mated at $14.08 mil­lion. Azer­bai­jan in­vested 75 per­cent of the funds, while Iran in­vested 25 per­cent.

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