Auto
0

Iran Auto Output Rises 4.3%

Iran Khodro, SAIPA and Pars Khodro, Iran’s major automakers, produced 263,527 sedans during the four months to July 20, which figure was 252,588 last year
Iran Auto Output Rises 4.3%Iran Auto Output Rises 4.3%

Iran’s automotive output increased by 4.3% during the first four months of the current Iranian year (March 20-July 20) compared with the year-ago period.
According to data released by Securities and Exchange Organization on Codal.ir, Iran Khodro (IKCO), SAIPA and Pars Khodro, Iran’s three major automakers produced 263,527 sedans during the four-month period, which figure was 252,588 last year. 
IKCO’s output during the period rose to 132,324, which is 34.2% higher than last year’s corresponding time when the company produced 98,573 passenger vehicles.
In addition, IKCO manufactures commercial vehicles, such as pickups, vans, trucks and buses. The number of pickups produced by the company was 1,345. However, during the period under review, IKCO halted the production lines of several models of commercial vehicles.
SAIPA, IKCO’s competitor, produced 117,804 vehicles in the four months, marking a 3.8% year-on-year decline. 
A subsidiary of SAIPA, Pars Khodro also registered a significant fall in production during the period. The company’s output reached 13,397, marking a 57.3% decline.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com