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Gov’t Support, Tech Companies Help IKCO Increase Auto Output

Gov’t Support, Tech Companies Help IKCO Increase Auto OutputGov’t Support, Tech Companies Help IKCO Increase Auto Output

The state-backed automotive tech localization efforts and the strong role of knowledge-based and technology firms in the past several months have boosted the production rate of Iran Khodro (IKCO).
The boost is evident in the company’s 55% output rise recorded in the first seven months of the current fiscal year (March 20-Oct. 21) compared to the year-ago period, the automaker’s website Ikcopress.ikco.ir reported.
According to the data released by the company, IKCO produced 278,000 sedans during the seven months, which is 100,000 more than last year’s corresponding figure, registering a 55% growth in output.
Besides, the month-on-month comparison shows that the automaker recorded a 70% rise in production in the month ending Oct. 21. IKCO produced 69,970 passenger vehicles during the month, while the figure was 41,175 in the previous month.
In addition, the company registered a 186% output rise compared to the seventh month of last fiscal year (Sept. 22-Oct. 22, 2019), when IKCO produced 24,398 sedans.
Industry insiders believe that this could not be achieved in the absence of state support and the tech ecosystem.

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