Nika Motor Announces Sale Terms for IM LS7 Electric SUV at 14.7 Billion Tomans

Nika Motor announced the latest sale terms for the IM LS7 fully electric SUV, 2025 Luxury trim, under a circular reported by Donya e Eqtesad on September 20, 2026. The final price is set at 147 billion rials, equal to 14.7 billion tomans, with buyers required to pay the full amount at registration. Delivery is set at 60 working days.

Registration opened on September 17, 2026, and runs through September 24, 2026. If delivery is delayed while the buyer has paid on time, a delay penalty at an annual rate of 36 percent will apply. The vehicle has two electric motors producing 570 horsepower, a 100 kWh battery and a stated range of 611 kilometers under the NEDC cycle, and comes with a 3 year or 100,000 kilometer warranty.