Pininfarina Group has signed on a £30 million deal with Iranian automotive company. Iran Khodro to produce a new platform thats all underpin at least four vehicles.
The deal will see Iran Khodro, which manufactures vehicles for Iranian brand Samand, Peugeot and Renault to be sold in Iran, produce a medium-size passenger car, likely a saloon or small SUV, first.
Pininfarina will be involved in the entire process of getting the car to production, from concept design to physical validation of the final product. It will even support the start of production.
Silvio Pietro Angori, CEO of Pininfarina Group said – “The agreement with Iran Khodro represents another one important step in the growth strategy of Pininfarina on markets of the new Silk Road and the Middle East.
“We are happy to contribute to the development of the Iranian automotive industry through a very significant style and engineering programme for our company.”
The partnership, which is planned to last 3 years, is not the first of its kind for Pininfarina. The former design house has expanded its portfolio to comprise full engineering projects such as the recent Hybrid Kinetic Group turbine cars and Pininfarina Fittipaldi EF7.
It is planning ahead an electric super car, with links to parent company Indian automotive giant Mahindra‘s involvement in Formula E.