"Paykan" 56th birthday celebration

Undeterred, Khayami soon found a way of raising the requisite finance. On 29 August 1962 he and his brother, Ahmad, formed the Iran National company and announced the deal with the UK firm. This was joint stock public company, which would eventually become known as Iran Khodro or IKCO. During the next couple of years, talks progressed to the point at which Rootes would offer the upcoming all-new Arrow (Hillman Hunter) in Completely Knocked Down (CKD) kit form.