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January 22, 2023
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The first thousand Iranian cars arrive to be sold at “affordable prices”

The first thousand Iranian cars arrive to be sold at "affordable prices"

The sale price of these Iranian cars is between 12 and 16 thousand dollars, according to President Nicolás Maduro. On September 19, Banco Bicentenario gave the “first approval” to be the first public banking institution to offer financing for its purchase


Venezuela received a first batch of 1,000 vehicles manufactured in Iran and expects the arrival of 2,000 more in February, as part of bilateral agreements signed between both governments, the Minister of Transportation, Ramón Velásquez Araguayán, reported this Sunday, January 22.

Through from Twitter, The minister showed images of the cars on Venezuelan soil. He explained that the cars are “Saipa” brand, while in February 2,000 more IKCO brand will be added, for a total of “four vehicle models for the domestic market.”

“In a second stage they will be assembled in Venirauto -a company established in 2006 with Venezuelan-Iranian capital and located in the state of Aragua- with components made” in the country, Velásquez said.

The minister had anticipated last November that a thousand vehicles from Iran would arrive in Venezuela as part of the alliance between the governments, but this year he increased the number of Iranian cars that they expect to receive in the first quarter to 3,000.

The sale price of these vehicles is between 12 and 16 thousand dollars, According to President Nicolás Maduro. On September 19, Banco Bicentenario gave the “first approval” to be the first public banking institution to offer financing for the purchase of Iranian cars.

Until September, according to data from the Ministry of Transport, some 9,000 people were on the waiting list to purchase one of these units and another 200 waiting for Iranian tractors, also part of the latest agreement signed between the two countries. Venezuela also hopes to manufacture the spare parts in national territory.

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