Iran Auto Output Rises by 4.3% in Fiscal 2020-21 YOY

In the last fiscal year that ended March 20, a total of 900,714 passenger vehicles were produced in Iran, indicating a 4.33% rise year-on-year.
According to data published on the website of Iran Securities and Exchange Organization or Codal.ir, Iran produced 37,451 more cars compared to the year before. No data have been released on commercial vehicle production.
Iran Khodro (IKCO), the country’s leading automotive company, produced 480,338 cars, indicating a 21.97% YOY increase. The figure is 86,416 higher than the previous year’s output.
Peugeot models had the lion’s share with 346,575 cars in 11 months. Samand was IKCO’s second most popular model with 55,220 units.
Besides passenger vehicles, IKCO manufactures commercial vehicles, including vans, pickups, trucks and buses. However, during the period under review, IKCO halted the production lines of several models of commercial vehicles.
The firm’s arch-rival SAIPA produced 317,321 vehicles during the year, marking a 12.67% year-on-year decline. The figure was 46,058 higher in the year before.
Tiba and Pride models topped the company’s production chart with 236,939 and 50,413 units respectively.