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Iran Auto Production Declines in 1st Fiscal Month of 2019-20

In the month ending April 20, Iran produced 40,602 cars and 2,021 commercial vehicles, registering a 47.2% decline compared with a combined output of 80,794 units in the corresponding month of the year before
Iran Auto Production Declines in 1st Fiscal Month of 2019-20Iran Auto Production Declines in 1st Fiscal Month of 2019-20

The latest data of Iranian automotive companies show their output plummeted to new lows in the first month of the current Iranian year (started March 21).
Industries Ministry’s data show that Iran produced 40,602 cars and 2,021 commercial vehicles in the month, registering a 47.2% decline compared with a combined output of 80,794 units in the corresponding month of the year before.
During the month, car production plummeted 47.1% from last year’s 76,807 cars.
Commercial vehicle production also registered a 49.3% year-on-year decline, as the number of trucks, buses, minibuses and pickups fell significantly from the previous year’s 3,987 units.

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