TEHRAN – Iranian carmaker Iran Khodro Company and France's Peugeot have agreed to produce the Peugeot 207i car in Iran and export it to 63 countries, the IKCO's CEO said on Thursday.

MOJ news agency quoted Javad Najmeddin as saying that the hatchback model of the car will hit markets by the end of the Iranian calendar year (March 20, 2010).
Najmeddin stated that the cars will have a TU5 1600 engine in both automatic and manual transmission models.
The 207 will be mainly exported to Russia, Turkey, Ukraine, Bulgaria, Serbia, Belarus, Central Asian countries, North African countries and the Persian Gulf littoral states.
Based on an agreement signed between the two companies, Iran Khodro will produce Peugeot cars in its factories outside the country and sell them in the market, according to Moj news agency.
""We agreed to build Peugeot 206, 207 and Pars in Iran Khodro factories in countries such as Venezuela, Senegal and Syria,"" Najmeddin said
The 405 GLX and 405 SLX models will also be produced in these countries, he added.
Najmeddin stated that this agreement shows IKCO's capacity in promoting joint ventures and producing Peugeot brand products in its international factories.
Iran Khodro is the largest vehicle manufacturing company in Iran, having an average share of 65 percent of domestic vehicle production.
Iran Khodro has received ISO 9001 from RW-TUV, Germany, as well as many other health, safety, and environment certificates including ISO 14001 and OHSAS 18001