Overview

Iran has a tremendous potential as a regional hub in automotive industry, and it can grow rapidly. Many global car makers have waited a long time to return to Iran, the biggest automobile market in Middle East. Therefore, Germany’s auto giant Volkswagen has entered to the Iranian market after lifting of sanctions. Headquartered in Wolfsburg, Volkswagen Group is one of the world’s leading automobile manufacturers and the largest car maker in Europe. The Group is made up of twelve brands from seven European countries: Volkswagen, Audi, SEAT, ŠKODA, Bentley, Bugatti, Ducati, Lamborghini, Porsche,Volkswagen Commercial Vehicles, Scania and MAN. This great deal has been concluded between Mammut Khodro and the Volkswagen. Founded in 1992, Mammut Khodro is a subsidiary of the biggest industrial complex in Iran, Mammut Industrial Complex. Over the past two decades it established several factories with an area of over two million sqm to conduct productions and economic activities. By employing a team of experts, the group has played a pivotal role in improving Iran’s industry and increasing customer satisfaction with the aim of providing top quality services. As a result of this deal, Iran will target the regional market as well as enjoying one of the best returns.