December 04, 2016 12:12 PM ET

Automobiles

Company Overview of Société Anonyme Iranienne de Production Automobile

Company Overview

Société Anonyme Iranienne de Production Automobile designs and manufactures light and heavy commercial vehicles, SUVs, and sedans in Iran. The company offers its products through dealers in Iran, Venezuela, Senegal, Mali, Algeria, Cameroon, Libya, Egypt, Sudan, Ukraine, Syria, Iraq, Azerbaijan, Afghanistan, and South Korea. Société Anonyme Iranienne de Production Automobile was formerly known as Société Anonyme Iranienne de Production Automobile Citroën and changed its name to Société Anonyme Iranienne de Production Automobile in 1975. The company was founded in 1965 and is based in Tehran, Iran.

Km 15, Karaj Special Road

P.O. Box 13445 - 554

Tehran,  14584

Iran

Founded in 1965

Phone:

98 21 44196550

Fax:

98 21 44194934

Key Executives for Société Anonyme Iranienne de Production Automobile

Société Anonyme Iranienne de Production Automobile does not have any Key Executives recorded.

Société Anonyme Iranienne de Production Automobile Key Developments

PSA Group and SAIPA Finalize the Agreement on Joint-Venture for Citroën in Iran

PSA Group and SAIPA signed a joint-venture agreement to produce and sell Citroën vehicles in Iran. This 50/50 joint-venture lays the foundations for a strategic partnership between the two companies. It will cover the entire value chain, from the design stage right through to vehicle marketing, including purchasing. Manufacturing will take place at the Kashan plant in Iran, which will be 50%-owned by PSA Group. The joint-venture will invest more than €300 million in manufacturing and R&D capacity over the next five years. The agreement will be backed up by technology transfers and a significant level of local content.

Peugeot S.A. and SAIPA Sign for Framework Agreement in Iran

PSA Group and SAIPA have signed a framework agreement to create a joint-venture to produce and sell Citroën vehicles in Iran. This 50/50 joint venture lays the foundations for a strategic partnership between the two companies. It will cover the entire value chain, from the design stage right through to vehicle marketing. Manufacturing will take place at the Kashan plant in Iran, which will be 50%-owned by PSA Group. The joint venture will invest more than €300 million in manufacturing and R&D capacity over the next five years. The agreement will be backed up by technology transfers and a significant level of local content. It will take effect following the signature of the definitive agreement, scheduled for late 2016. The end of the ramp-up of the first Citroën vehicle will be reached in 2018 in Kashan plant.

SAIPA Plans to Launch New SAINA Passenger Car in October

SAIPA plans to launch its new SAINA passenger car next month. The vehicle will be powered by a 1.5-litre engine and will be equipped with anti-lock braking system (ABS) and electronic brake distribution (EBD). The vehicle has passed Euro IV emission standards.

Similar Private Companies By Industry

Company Name Region
Iran Khodro Company (public joint stock) Middle East/Africa
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Top Khodro Company Middle East/Africa

Recent Private Companies Transactions

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