TEHRAN - Swiss Company Autoneum signed an exclusive license agreement with Iranian automotive supplier Ayegh Khodro Toos (AKT) to jointly produce and distribute components in Iran, Reuters reported citing the company.

AKT will produce carpet systems and inner dashes at its plant in Mashhad for IKAP, a joint venture between carmaker Iran Khodro and PSA, the French automotive group.

The first vehicle equipped with Autoneum components, a sport utility vehicle, will be launched in early 2019, the Swiss group said.

EF/MG