Iran Khodro Group Retains 39% Market Share
Economy, Auto

Iran Khodro Group Retains 39% Market Share

The total revenue of Iranian auto importers and producers during the first nine months of the current fiscal that ends in March was 391 trillion rials ($10.2 billion), according to a new report.
On January 18, the local automotive website, Persian Khodro released a report on Iran’s auto production, imports, and sales.
The report indicates that Iran Khodro, the country’s oldest and largest car maker had a 39% share of the market during the nine month period.
The report said during the nine months to December the majority state-owned company produced 452,000 cars and generated 151 trillion rials ($4 billion).
IKCO was followed by arch-rival, SAIPA, another semi-state  company, with 28% of the market share.
SAIPA produced 224,000 vehicles during the period with total sales and services reaching 108 trillion rials ($2.85 billion).
With total revenues of 86.7 trillion rials ($2.2 billion), car importers are in third place with a 22% share of the local auto market. The report also states that during the nine-month period 49,331 vehicles were imported into the country. 
Private auto companies produced 69,000 cars and had 11% share of the market -- in fourth place overall.  
The private firms that mainly assemble Chinese vehicles earned 44 trillion rials ($1.1 billion).
The news website quoted the spokesperson of Iran's Automotive Policymaking Council, Amir Hossein Qanati, as saying that Iran aims to produce 1.3 million vehicles by the end of the current fiscal.
At current rates of production the target does not seem too ambitious. 
Iran's car industry was undermined by the international sanctions as both production and sales declined in big numbers during 2012-2014 when the restrictions were tightened. 
In those years, the cheapest locally produced vehicles, including  Peugeot Pars, Peugeot 405 and SAIPA Pride had the biggest share of new-car sales.

  Produced/Imported Units Market Share Total revenue
IKCO 452,000 39% 151 trillion rials ($4 billion)
SAIPA 224,000 28% 108 trillion rials ($2.85 billion)
Auto Importers 49,331 22% 86.7 trillion rials ($2.2 billion)
Private Producers 69,000 11% 44 trillion rials ($1.1 billion)
Short URL : https://goo.gl/4CxAuK
  1. https://goo.gl/UGqDKK
  • https://goo.gl/ELeXlR
  • https://goo.gl/6Dj19d
  • https://goo.gl/ruJW5U
  • https://goo.gl/uUJ4M6

You can also read ...

Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
India’s fifth consignment of wheat to be sent to Afghanistan...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Lexus’ New Crossover to Break Cover  in March
Lexus will pull the covers off of the production version of...
Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
Foreign ministers of the Netherlands and Spain are in Tehran...
The government has required car importers to pay the higher tariffs announced in January.
The government has finally allowed the clearance of imported...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...

Add new comment

Read our comment policy before posting your viewpoints