During the first four months of the current fiscal which started in March, Iranian automakers manufactured 436,136 cars and commercial vehicles, down 0.1% from last year’s 436,413 units.
According to the data released by the Ministry of Industries, car production has declined 0.2% compared to the same period last year dropping to 410,722. In the four-month period, 18,952 pickup trucks were made in Iran indicating a 3.7% year-on-year decline.
Manufacturers of trucks, minibuses and vans have fared better during the period, respectively making 5,069 (up 20.8% YoY), 653 (up 123.6% YoY) and 433 (up 65.9% YoY) units.
August 18, 2018 19:07
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Iran Auto Industry’s Facts and Figures
Defective gov't forex policies and US pressure on carmakers’ foreign partners to terminate their Iran operations have pushed the sector into a bind with a significant decline in auto makers' output
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