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IKCO Leading the Pack
IKCO Leading the Pack

Iran Khodro (IKCO) Leading the Pack

Iran Khodro (IKCO) Leading the Pack

The Ministry of Industries, Mining and Trade has released data on carmakers’ output during 11 months of the current fiscal that ends in March.
The largest company, Iran Khodro, with a margin of 106,593 is still ahead of its arch rival SAIPA. During the period IKCO and its subsidiaries produced 577,048 cars while SAIPA made 470,455 vehicles.
SAIPA, however, recorded a higher growth rate during the period. The company reported a 58.9% growth year-on-year while IKCO’s growth rate stood at 32.7%.
During the period the domestic companies produced 1,138,800 vehicles, according to the official statistics. The government had earlier said it expects auto production to reach over 1.35 million units before the end of the calendar year.
As is customary, the report did not say how many cars were actually sold during the eleven months.
Over the past several months Iranian car makers have signed production and other agreements with foreign companies, namely PSA Group, Volkswagen and Renault. Production estimates for the coming fiscal indicate 1.5 million plus vehicles with new models coming into the market every month.

Companies Jan. 20-Feb. 18 11-Month Period
Last Year This Year Growth Last Year This Year Growth
Iran Khodro (Central) 32,148 35,192 9.52% 304,285 335,677 10.30%
Iran Khodro Khorasan 9,439 14,125 49.60% 87,975 127,968 45.50%
Iran Khodro Tabriz 1,964 9,003 358.40% 7,751 64,620 733.70%
Iran Khodro Mazandaran 2,386 2,874 20.50% 22,183 28,712 29.40%
Iran Khodro Fars 1,670 1,972 18.10% 12,672 20,071 57.30%
Iran Khodro Total 47,607 63,166 32.70% 434,956 577,048 32.70%
SAIPA (Central) 11,988 18938 58% 105,635 165,446 56.60%
SAIPA Azarbaijan 157 0 -100% 1,734 288 -56.60%
SAIPA Kashan 8,284 13,617 64.40% 85,632 121,819 42.30%
Pars Khodro 12,617 20,521 62.60% 101,726 179,797 76.70%
Bonro 8 630 7775% 1,288 3,105 141.10%
SAIPA Total 33,054 53,706 62.50% 296,015 470,455 58.90%
RVM 142 250 76.10% 2,324 2,670 -28.10%
MVM 3,272 5,750 75.70% 28,858 49,218 70.60%
Bahman Group 306 240 -21.60% 3,520 3,553 0.90%
Kerman Motor 2,110 5,065 140% 37,301 36,708 -1.60%
Total 86,543 128,177 48.10% 803,261 1,138,800 41.80%
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