Iran Consumer and Producer Protection Organization (CPPO) and local automotive companies have reached an agreement to jack up factory prices between 50-130%.
After a long fracas, the CPPO and major carmakers Iran Khodro and SAIPA, have reached an agreement that says car prices at the factory that currently cost under 450 million rials ($4,360) will jump between 50-130%, informed sources told the Persian-language economic newspaper Donya-e-Eqtesad, a sister publication of the Financial Tribune.
According to prices introduced by the Industries Ministry, cars made or assembled inside the country are categorized into two price groups: under 450 million rials ($4,360) and above.
| Maker | Model | Current Factory Price (m IRR) | Forecast Factory Price (m IRR) |
|---|---|---|---|
| SAIPA | Pride 131 | 230 | 345 |
| Tiba | 270 | 440 | |
| Tiba 2 | 310 | 500 | |
| IKCO | Peugeot 405 | 330 | 495 |
| Peugeot 206 Type 2 | 360 | 610 | |
| Peugeot 206 Type 5 | 420 | 710 | |
| Samand | 340 | 575 |
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