Mehvarsazan Iran Khodro Industrial Company was established in 1343 in the Companies and Industrial Property Registration Office in Tehran and started its activities in 1345. Since the company’s original articles of association defined its main activity as producing and assembling buses and minibuses, the company initially registered as a “joint stock company of the Iranian Bus Manufacturers Factory Consortium” to produce buses and minibuses. “Khodrosazan” changed its name and in 2000, due to the major purchase of the company’s shares by Iran Khodro Investment Development Company, it was renamed “Mehvarsazan Iran Khodro Industrial Company” and became one of the subsidiaries of Iran Khodro Industrial Group. Mehvarsazan Iran Khodro Industrial Company changed its mission in 1994 and with the transfer of mini-bus production lines to Zamyad Company, it started to produce Peykan axle. It was decided that the description is as follows. The company consists of the units of engineering affairs, technical services, commercial affairs, quality control, organizational and system engineering, human resources, public relations, security, finance and planning. This company has been active in the stock market since 1993 and has received quality certificates for the production of its products, including ISO / TS 16949, ISO14000, ISO 9001, etc.  The company’s products include: Arisan axle Peugeot 405 axle Peugeot 206 axle Peugeot Pars axle Samand axle H30 crossover axle Cranville and Pinion Types of car parts Types of gears

Malibel Saipa Company was established in October 1344 for the purpose of producing all casting parts and all kinds of metal artefacts, and the executive operations of establishing the company continued until the end of 1347 and its operation actually started from the beginning of 1348. Malibel Saipa company was managed by private shareholders until 1358. Since 1358, it has been announced as one of the companies covered by the National Organization of Iranian Industries, and the first government managers took charge of the affairs on 7/20/1359. In December 1363, all the shares of the company were handed over to Iran’s Industrial Development and Modernization Organization, and subsequently it was removed from the list of companies subject to the protection law.