An Iranian military truck carries parts of the S300 missile system during the annual military parade marking the anniversary of the start of Iran's 1980-1988 war with Iraq, on September 21, 2016, in the capital Tehran.(AFP Photo)

TEHRAN, Sept. 25 (Xinhua) -- Iran's defense ministry on Sunday launched the production line of homegrown ballistic missile of "Zolfaqar," Tasnim news agency reported.

The tactical missile, which is capable of evading jamming signals in electronic warfare, will come into service by the end of the current Iranian year, in March 2017.

Zolfaqar runs on solid fuel and can hit the targets with pin-point accuracy in a range of 750 km.

On Wednesday, Iran's Islamic Revolution Guards Corps demonstrated Zolfaqar during a military parade in Iran's southern port of Bandar Abbas.

Iranian officials have vowed to develop missile programs as a means to enhance deterrent power of the country.