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Iran H1 Auto Output Rises 10%

IKCO and SAIPA, Iran’s major automakers, produced 405,893 sedans during the six-month period, of which IKCO had the lion’s share of 208,030 vehicles, up 40% year-on-year
Iran H1 Auto Output Rises 10%Iran H1 Auto Output Rises 10%

Iran’s automotive output increased by more than 10% during the first half of the current Iranian year (March 20-Sept. 21) compared with the year-ago period.
According to data released by Securities and Exchange Organization on Codal.ir, Iran Khodro (IKCO) and SAIPA, Iran’s major automakers produced 405,893 sedans during the six-month period, of which IKCO had the lion’s share of 208,030 vehicles, up 40% year-on-year.  
IKCO also manufactures commercial vehicles, such as pickups, vans, trucks and buses. However, no statistical report has been released in this category. 
SAIPA, IKCO’s competitor, produced 150,417 vehicles in the four months, marking a 12% decline compared to the year-ago month. 
Pars Khodro, a subsidiary of SAIPA, also registered a slight fall in production during the period. The company’s output reached 47,446, marking a 1.3% decline.

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