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TEHRAN http://www.carolinahurricanesteamstore.com/adidas-josh-jooris-jersey , Aug. 30 (Xinhua) -- Iranian automaker, Iran Khodro(IKCO), will seal a deal with Nissan Motor Co for production oflow-budget Datsun cars, the IKCO's CEO, Hashem Yekezare http://www.carolinahurricanesteamstore.com/adidas-jordan-staal-jersey , said onWednesday.


"We will enter into a contract with Japan's Datsun in the nextfew months," Yekezare was quoted as saying by Financial Tribnedaily.


IKCO's talks with Nissan for production of affordable cars ofhigh quality began in early 2016, with the Iranian automakertargeting Datsun cars in the price range of 11,500 U.S.dollars.


The production of Datsun cars can potentially enable IKCO tophase out its dilapidated models in the same price categoryincluding the Peugeot 405.


According to Yekezare, Iran levies tariffs of 40 percent forimports and 26 percent for production http://www.carolinahurricanesteamstore.com/adidas-joakim-nordstrom-jersey , which means Iraniancustomers have to buy the imported cars at bloated prices.


Officials say the tariffs are needed to protect the domesticautomotive industry.