IKAP

IKAP was established in 2016 in Tehran as a joint venture between Iran Khodro and Stellantis. The venture was created around Peugeot's return and expansion in the Iranian market, with a remit that combined vehicle manufacturing, local market distribution, and regional industrial development. Iran Khodro brought an established Iranian automotive manufacturing and sales infrastructure, while the Stellantis side contributed the Peugeot product relationship and access to the broader Peugeot vehicle portfolio. The stated industrial rationale was to manufacture Peugeot products in Iran rather than rely exclusively on imported vehicles. IKAP was also intended to help develop Iran as a Peugeot production hub for West Asia, potentially enabling exports to neighboring Middle Eastern markets. This gave the venture a role beyond that of a conventional importer: it was designed to support local industrial activity and to integrate Iranian production with Peugeot's regional strategy. The initial product program included the Peugeot 2008, Peugeot 208, Peugeot 301, and Peugeot 508. The portfolio included models with different market positions, from compact passenger cars to larger vehicles. IKAP's activities also included importing some Peugeot models as completely built-up units, allowing the company to offer vehicles that were not necessarily manufactured locally. The combination of local production and CBU imports was a defining feature of the venture's business model. The available reference material does not document the subsequent development of IKAP in sufficient detail to establish its production record, export performance, model changes, executive succession, ownership structure, or current status. It also does not provide verified information about production sites, annual volumes, revenue, employee numbers, or the dates on which individual models entered or left the market. Accordingly, the documented history supports IKAP's establishment, purpose, initial product program, and intended regional role, but not a complete account of its later trajectory.

1. 2016IKAP established

   Iran Khodro and Stellantis established IKAP in Tehran as a joint venture focused on Peugeot vehicle manufacturing, imports, and market development in Iran.

   Source
2. 2016Initial Peugeot product program announced

   The venture's initial product scope included the Peugeot 2008, Peugeot 208, Peugeot 301, and Peugeot 508.

   Source

A Peugeot-focused Iranian manufacturing and distribution joint venture intended to combine local production with vehicle imports and potentially serve as a West Asian export hub.

• Peugeot 2008Compact crossover SUV

  The Peugeot 2008 was one of the initial Peugeot models associated with IKAP's Iranian product program. The available reference identifies it as part of the venture's intended manufacturing and distribution portfolio but does not specify its exact Iranian production arrangements, launch date, volumes, or later market status.

• Peugeot 208Subcompact hatchback

  The Peugeot 208 was included among IKAP's initial planned offerings. It represented Peugeot's subcompact passenger-car presence within the venture's broader strategy of combining local production capabilities with access to Peugeot models. Specific Iranian manufacturing, import, and sales details are not established by the available source.

• Peugeot 301Compact sedan

  The Peugeot 301 formed part of IKAP's initial model group for Iran. Its inclusion reflected the venture's focus on Peugeot passenger cars suited to the Iranian market and potentially to surrounding Middle Eastern markets. The available reference does not establish whether the model was locally manufactured, imported as a CBU vehicle, or both.

• Peugeot 508Midsize passenger car

  The Peugeot 508 was listed among IKAP's initial Peugeot products. It occupied a larger and more premium position than the other named models in the initial program. No reliable details are available in the supplied material regarding its Iranian assembly or import timing, sales performance, or subsequent availability.

• 2016Create a Peugeot-focused Iranian production and distribution ventureStrategy

  Iran Khodro and Stellantis created IKAP to manufacture Peugeot products in Iran, import additional models, and develop Iran as a potential Peugeot production hub for West Asia.

  What changed. The partners established IKAP in Tehran and assigned it a combined manufacturing, importing, domestic-market, and prospective regional-export role.

  Aftermath. The available reference confirms the venture's initial purpose and product scope but does not document its later operational results or current status.

  Source

1. IKAP