Since June 2018, Iran’s auto production has been plummeting.
Data released by the Industries Ministry show that the decline has continued in the second month of the current fiscal year (ended May 21).
Iranian carmakers produced 87,821 cars and commercial vehicles in the month, registering a 16.1% decline compared with a combined output of 104,684 units in the corresponding month of the year before.
According to the data, car production dropped 17.3% compared to the previous year to reach 81,418 units.
One of the figures that stand out in the report is a notable rise in SAIPA’s output. The company has recorded a 17.5% YOY increase in production rate during the month.
June 12, 2019 19:03
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Iran Auto Production Slides
During the month ending May 21, Iranian carmakers produced 87,821 cars and commercial vehicles, registering a 16.1% decline compared with a combined output of 104,684 units in the corresponding month of the year before
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