Economy, Auto
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Iran Auto Output Up 26%

Auto industry accounts for 10% of Iran’s GDP and 4% of the workforce.Auto industry accounts for 10% of Iran’s GDP and 4% of the workforce.

Iran’s automotive production observed a 26.1% year-on-year jump during the first seven months of the current Iranian year (started March 20).

During this period, Iranian auto manufacturers produced 691,427 units that mark a significant jump compared with the production rate in the same period of last year, which was 548,175 units.

According to ISNA, 638,599 passenger vehicles were produced by all companies, mark a 27% growth y/y.

Production of pickup trucks, which is the second largest auto sector though not as fast growing as Iran’s car industry, also observed a significant growth.

In these seven months, Iranian automakers produced 45,157 pickup trucks, which are 6,902 units more than the production rate in the same period of last year.

Pickup trucks were followed by heavy-duty vehicles and trucks.

Major Iranian heavy vehicle manufacturers like Oghab Afshan, Mammut Diesel and subsidiaries of SAIPA and SAIPA Diesel and Iran Khodro Diesel announced a 5.3% rise in production rate.

As always, minibuses and buses have had a meager share in the country’s auto industry and only 980 units were produced, 128 units more than last year.

On October 30, ILNA released another set of statistics significantly higher than the current numbers, noting that the country produced 691,581 vehicles that indicate a 26.2% rise.

Iran’s automotive industry, with 885,000 employees, is the second most active sector of the country, after its oil and gas industry. The industry accounts for 10% of Iran’s GDP and 4% of the workforce.

There are 15 million vehicles on the roads in Iran, denoting a proportion of 188 vehicles per 1,000 inhabitants.

 

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