Domestic auto production has plunged markedly with companies producing 721,363 cars and commercial vehicles during the eight months to November -- a 24.9% year-on-year decline.
According to the Ministry of Industries data, during the period the number of cars made in Iran plunged from 900,546 last year to 674,947 units, a 25.1% Y/Y fall.
The situation is worse when the production of commercial vehicles is accounted. During the same period 4,904 trucks, buses, minibuses, and pickups were manufactured -- down 47% compared to last year.
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