Vehicle Production Exceeds 1 Million After Four Years

Vehicle production has exceeded 1 million units for the first time in four years, as 1.2 million vehicles were produced from the beginning of the current fiscal year (March 21, 2022), the head of the Ministry of Industries, Mining and Trade’s Automotive Industry Office announced on Feb. 25.
“After the reinstatement of international sanctions in the fiscal 2017-18, there was a significant fall in vehicle production and the production of incomplete cars started. Until last year, our vehicle production never exceeded 800,000. In the current fiscal year, it has reached about 1.2 million vehicles, which indicate a noticeable increase,” Abdollah Tavakkoli Lahijani was also quoted as saying by IRNA.
Announcing that the production and supply of cars have been restored, the official said, “Currently, there are no restrictions or problems in the domestic car industry, as in the last weeks of the current Iranian year [ending March 20, 2023], we are witnessing a high supply of cars.”