Auto Output Surges by 117% YOY

Iran’s automotive production increased by 117% during the month ending April 20, compared with the same period of last year.
According to data released by Securities and Exchange Organization on Codal.ir, Iran’s leading automakers, namely Iran Khodro (IKCO), SAIPA and its subsidiary Pars Khodro, produced 64,138 sedans during the month.
IKCO’s output rose to 33,819, which is 115.49% higher year-on-year, such that the share of passenger vehicles manufactured by the company was 15,694. Peugeot models had the lion’s share with 24,729 cars during the period and Samand was IKCO’s second most popular model with 3,774 units. 
SAIPA produced 21,394 vehicles during the period, marking a 193% YOY increase. Tiba models topped the company’s production chart with 18,965 units. 
Pars Khodro registered a 36.2% rise, producing 8,925 vehicles during the period compared to 6,551 in the year-ago month.