EghtesadOnline: SAIPA has signed a contract with Hyundai PowerTech Company, a subsidiary of the South Korean giant Hyundai Motor Co., for the production of gearboxes.

EghtersadOnline: The largest local carmaker, Iran Khodro, has signed a joint venture deal on the production of gearboxes in Iran with a subsidiary of the South Korean automotive company, Hyundai PowerTech Company.