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IKCO’s parts imports from Peugeot accounted for 700-800 million euros ($572–654 million) per year. Homeland has reached 98% of self-sufficiency in producing Peugeot 405 parts and 75% in Peugeot 206 parts. By ending year 2012, Peugeot cuts its relations with Iran Khodro due to international sanctions against Iran. Four years later, in 2016, after reaching Joint Comprehensive Plan of Action between Iran and E3+3, Iran Khodro and Peugeot decided to make 50%-50% joint venture named IKAP to start the relations again.
