Acknowledging the support of its network of customers for the Saipa brand ofÂ automobile, PAN Tech, a subsidiary of PAN Nigeria, said it had signed an agreementÂ with Saipa, an Iranian Automobile Manufacturing Company, for the joint productionÂ and marketing of budget vehicles forÂ Nigerians.
The joint venture would invest billions of naira as it plans to set up an auto plantÂ in Nigeria for the production of Saipa brand of vehicles. Saipaâ€™s Overseas MarketingÂ Manager, Africa and America, Mr. MajidÂ Jamali, who disclosed this at the venue ofÂ the just concluded Lagos Motor Fair, said both companies had signed an MoU, addingÂ that the first shipment of Saipa vehicles would soon arrive in Nigeria.
According to Jamali, the venture aims at providing affordable and dependableÂ vehicles for low income earners, students and those who care about their budgets. HeÂ noted that Iran, with its population of 67 million, has had a booming car market forÂ the past three years, adding that the programme is in keeping with Saipaâ€™sÂ international development strategy, which foresees a continuing annual productionÂ growth every year.
He said Saipa Automobiles had been tested and are already doing very well inÂ countries like Syria and Ghana among other countries. As part of its expansionÂ plans, Saipa believes that dominance and leadership of the domestic market is notÂ enough and requires looking beyond Iranâ€™s borders for growth opportunities.
Jamali said Saipa which was established in 1966 has implemented joint corporationsÂ with Citroen and Renault of France, and Kia Motors of Korea. The present products ofÂ Saipa include, Tiba Saba, Nasim, Saipa 141, Saipa 132, Xantia, and Rio passengerÂ cars. The Saipa marketing chief said all the vehicles in the Saipa range are fuelÂ efficient, adding they were built and designed with the utmost safety of the usersÂ in mind.
For instance, the Saipa 132, which was displayed at the fair ground, comes in 4Â cylinders, SOHC engine variant,Â injection fuel supply system with maximum power ofÂ 63 horse powers, going at 5200 radius per minute and maximum torque 103.3 NewtonÂ metres at 5200 radius per minute.
A five speed manual gear system with central lock, power steering, ABS, remoteÂ control immobilizer system, folding side mirrors with inner knobs, MP3 Player, airÂ conditioner, and a fuel tank capacity of 37 litres among other features.