TEHRAN, Nov. 25 (MNA) – The first phase of a project to produce the Iranian passenger car Samand in Venezuela will become operational in the coming days.

Productions from the first phase of an assembly line to manufacture the Iranian sedan Samand in Maracay, Venezuela, will hit the South American nation’s market on Nov. 27, this year, Iran’s major automaker Iran Khodro Co. (IKCO) said in a statement released on Saturday.

The plant’s production capacity stands at 10,000 units, however, the figure could be raised upon request, he stated adding that Iran’s share of the project amounts to 51 percent of the total investment.

The Latin American country’s auto production plant is going to offer four different models of the Iranian car, the statement quoted Manuchehr Manteqi, the managing director of Iran Khodro Co. as saying.

In light of the good relations, Iran and Venezuela have already agreed upon over 120 memoranda of understanding in various fields. RA/MA END MNA