Ankara, Turkey, Dec. 21
By Atilla Caner – Trend:
Turkey’s Otokar company, which is part of Koc Holding, intends to establish Sultan brand bus production in Iran, Otokar company said in a message.
According to the message, Otokar and Iranian OGHAB Afshan Industrial and Manufacturing Co. signed an agreement.
According to the agreement, the Iranian side will assemble, sell and deal with marketing of Turkish buses, the company said.
Otokar intends to provide OGHAB with a license and technologies for the production.
According to the message, the agreement was signed for three years with the possibility of extension for another two years.
According to the agreement, OGHAB will pay 500,000 euros to the Turkish side for the license, the company said.
Otokar exports Sultan buses to more than 40 countries. For example, these buses are sold under Navigo brand in the European countries’ markets.
Otokar Otomotiv ve Savunma Sanayi A.S. is a subsidiary of Turkey’s Kos Holding. It mainly produces buses and military vehicles.
Turkey ranks sixth in car production in Europe. It produces cars of such brands as Ford, FIAT, Renault, Toyota, Honda, Opel, Hyundai, Mercedes-Benz and MAN.
Moreover, Turkey manufactures buses of local brands - BMC, Temsa and Otokar.