SAIPA, one of the two major Iranian automakers, plans to increase auto output by 25% in the next fiscal year (starting March 21), despite facing several problems, including its mounting debts to component makers.
As of Jan. 13, 50,000 vehicles have been invoiced and an additional 39,000 vehicles were delivered to customers, which is 19% higher compared with the average of the last 10 months, SAIPA News reported.
Since one of the issues that Industries, Mining and Trade Minister Reza Fatemi-Amin broached to the new CEO of SAIPA was to wrap up incomplete cars, this issue has been placed on top of its agenda.
March 02, 2022 18:37
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SAIPA Plans to Boost Output Despite Ongoing Challenges
SAIPA plans to increase auto output by 25% in the next fiscal year (starting March 21), despite facing problems that are likely to reduce production in the final days of the current fiscal year
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