Economy, Auto
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Iran's Auto Output Growth in Top OICA Ranking

Auto Output Growth in Top OICA Ranking Auto Output Growth in Top OICA Ranking

The International Organization of Motor Vehicle Manufacturers (OICA) says  Iran’s auto industry had the largest growth rate internationally during 2016.

A chart published on the organization’s website shows that Iranian automakers produced 1,074,000 cars and 90,710 commercial vehicles in 2016, recording an 18.6% growth.

Iran’s key auto industry saw a 9.9% decline in 2015 when local auto firms  produced 884,866 cars and 97,471 commercial vehicles. OICA’s 2016 statistics show that Iran was followed by China with a 14.5% growth.

China produced 28,118,794 cars and commercial vehicles, during the period. In terms of total production figures, Iran is 14th among the 39 countries which play an active role in the international auto industry.

The country’s heavy duty and commercial industrial vehicles were sluggish compared to the car industry. In terms of commercial vehicles produced, Iran came in the 22nd position.

 

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Financialtribune.com