Slight Increase in Auto Output

Iran’s automotive production increased by 7.3% during the nine months to Dec. 20, 2020, compared with the year-ago period.
According to data released by Securities and Exchange Organization on Codal.ir, Iran’s leading automakers, namely Iran Khodro (IKCO), SAIPA and Pars Khodro, produced 628,547 sedans during the period.
IKCO’s output during the period rose to 342,173, which is 34.4% higher year-on-year when the company manufactured 117,700 passenger vehicles. Several Peugeot and Dena models formed a large share of the company’s production. In addition, IKCO manufactures commercial vehicles, such as pickups, vans, trucks and buses, but the production rates of these vehicles have not been released yet.
SAIPA produced 256,185 vehicles in the nine months, marking a 16.6% year-on-year decline. Tiba was the best-selling vehicles on SAIPA’s production list. Pars Khodro, a subsidiary of SAIPA, registered a paltry rise by producing 72,740 vehicles during the period compared to 72,681 in the same period of last year.
Monthly comparisons show that the total production of three companies increased. During the month ending Dec. 20, 2020, auto output reached 84,822 to mark a 25% rise compared to the previous month.