Iran Auto Industry Output Falling

Iran Auto Industry Output FallingIran Auto Industry Output Falling

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.



Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment