SAIPA-IKCO Output Jumps 236%

The production of light vehicles by Iran Khodro Company (IKCO) and SAIPA Automotive Group has increased by 236% from the beginning of the current fiscal year (March 21), until June 8, compared with the same period of last year, according to the spokesman of the Ministry of Industries, Mining and Trade.
“During the period under review, the number of incomplete vehicles produced by IKCO and SAIPA declined by 69%,” Omid Qalibaf was also quoted as saying by the news portal of Car.ir.
The spokesman noted that 160,680 light vehicles have been produced by these two companies, of which 121,482 vehicles were complete and 39,198 vehicles were incomplete.
“During this period, the deferred liabilities of Iran Khodro and SAIPA have decreased by 70%, which amounted to 17,661 from March 21 to June 8,” he added.