commonly referred to as Mercedes and sometimes as Benz, is a German luxury and commercial vehicle automotive brand established in 1926. Mercedes-Benz AG (a Mercedes-Benz Group subsidiary established in 2019) is headquartered in Stuttgart, Baden-Württemberg, Germany. Mercedes-Benz AG produces consumer luxury vehicles and commercial vehicles badged as Mercedes-Benz. From November 2019 onwards, Mercedes-Benz-badged heavy commercial vehicles (trucks and buses) are managed by Daimler Truck, a former part of the Mercedes-Benz Group turned into an independent company in late 2021. In 2018, Mercedes-Benz was the largest brand of premium vehicles in the world, having sold 2.31 million passenger cars.
Iran Khodro branded as IKCO, is an Iranian automaker headquartered in Tehran. IKCO was founded in 1962 as Iran National.The public company manufactures vehicles including Samand, Peugeot and Renault cars, and trucks, minibuses and buses. Iran Khodro Industrial Group (IKCO) is a public joint stock company with the objective of creation and management of factories to manufacture various types of vehicles and parts as well as selling and exporting them. IKCO produces vehicles under 13 brand names.
Company was established initially under the name of Khawar Industrial Group in early 1966. The company started its production by assembling one truck a day but after a short period due to the increase demand for commercial vehicles developed production and assembling lines. In 1999 Iran Khodro Company merged its bus and midi-bus production lines with Khawar Industrial Group truck production lines together and the new company Iran Khodro Diesel, public joint stock was born to manufacture different types of commercial vehicles for domestic and overseas markets. Iran Khodro Diesel Company is manufacturer of commercial vehicles (trucks, buses, minibuses & vans) in the Iranian market and in the market of several other countries with political agreements in the Middle East, CIS and Africa with half a century experience licensee of Mrcedes Benz of Germany.
