IKAP

IKAP (Iran Khodro Automobiles Peugeot) is a joint venture company between Iran Khodro and Stellantis, based in Tehran; it was established in 2016. It produces some Peugeot models and imports other models in CBU for Iran market. The purposes of creating this company are manufacturing new Peugeot products in Iran and exports them to the Middle East and then the creation of Peugeot's production hub in West Asia. Products of this company in the first phase will be the Peugeot 2008, Peugeot 208, Peugeot 301 and Peugeot 508.