Iran Khodro - Subsidiary Companies

Subsidiary Companies

• Supplying Automotive Parts Company (SAPCO)

SAPCO had been established in 1993 to manage the supplying chain of automotive parts in IKCO, with the main aim of being the best and most respected supplier of automotive parts and technical services. SAPCO also helps its suppliers to improve the quality of their products.

• IKCO Spare Parts and After-Sale Services Co. (ISACO)

IKCO Spare Parts and After-Sale Services Co. (ISACO) was founded in 1977. ISACO is providing after-sale services and supplying spare parts for IKCO products throughout the country. ISACO Kish, is one the subordinate companies of ISACO which is assigned with the task of supplying after-sale services to IKCO vehicles in the international markets. In 2011, 37 percent of the needed spare parts were globally outsourced and ISACO aims to reduce this amount to 23 percent. Iraq, Belarus, Russia, Ukraine, Venezuela, Senegal, Algeria and Tunisia are the main target markets for ISACO.

• Iran Khodro Power Train Co. (IPCO)

IPCO was established in 1998. The main activity of this engineering services company is in the field of power train including design and development, testing, adjusting, product engineering, and quality assurance processes in mass production and design production. This subsidiary of IKCO is competent in other fields such as designing, installing and commissioning of testing equipments (hardware and software) of automotive parts, engines and vehicles as well.

• TAM Co.

This subsidiary of IKCO was found with name "Ghateh Sazan-e Mojarab" in 1997 with the aim of creating cutting-edge has been changed to TAM Co. in 1998. The company has designed and completed projects of the SAMAND production line in Syria, Venezuela and Senegal without help of foreign companies, relying on its own knowledge and technology. In 2012, TAM won Iran's "Most Admired Knowledge Enterprise (MAKE)" award.

• SAMAND Investment Co.

Samand Investment Co. was established as a Corporation in 2004 with the purpose of the identification of investment opportunities, analysis and evaluation of the stock market and creating income for shareholders.

• Iran Khodro Rail transport Industries Company (IRICO)

IRICO was established by Iran Khodro Investment Development Company in 2003 to manufacture railway rolling stock. IRICO produces metro wagon, rail bus, light rail vehicle and monorails.

• Iran Khodro Diesel Company

Iran Khodro Diesel Company was established initially under the name of Khawar Industrial Group in early 1966. In 1999 Iran Khodro Company merged its bus and midi-bus production lines with Khawar Industrial Group truck production lines together and the new company Iran Khodro Diesel, public joint stock was established to manufacture different types of commercial vehicles for domestic and overseas markets. Iran Khodro Diesel Company exports its products to many countries.