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Iran Carmakers’ Output Grows
Iran Carmakers’ Output Grows

Iran Carmakers’ Output Grows

Iran Carmakers’ Output Grows

In the last month of the last Iranian year (ended March 20), carmakers recorded significant year-on-year growth in production, according to the latest statistics. According to ISNA, Iran Khodro, the largest automaker produced 57,433vehicles indicating a 16.2% y/y growth. The company produced 49,447 units during the same period in  the previous year (ended March 2016). IKCO’s arch rival, SAIPA posted 46.6% growth with 47,135 units produced, observing a 14,982 jump compared to the number of cars produced during the same period of the past year. Kerman Motor — locally assembling Hyundai i10 and i20 in addition to producing Chinese Lifan and JAC cars — registered a 159.2% y/y growth with 4,740 units. Unlike its rivals Bahman Group — which produces FAW and Mazda cars — its production rate observed a 6.1% fall and reached 480 units during the one month period.

 

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