Economy, Business And Markets

Auto Production Grows 46.7%

Auto Production Grows 46.7%  Auto Production Grows 46.7%

As Tasnim News Agency reported on Wednesday, 1.09 million cars were manufactured in the country in 2014, recording a 46.7% growth compared to 2013. According to the latest report published by the International Motor Vehicle Manufacturers (OICA), Iran produced 925,975 cars as well as 164,871 commercial vehicles in 2013. The production growth would liftIran to the 18th global rank. China tops the list with 23.72 million cars in 2014 followed by the US with 11.7 million and Japan with 9.8 m. Countries such as Italy, Australia, Austria, and the Netherlands trailed Iran. In terms of production growth, Iran was ranked the second in 2014 following Finland, which registered a staggering 484% growth. The European country produced 45,000 cars in 2014. The report also shows that the total global car production in 2014 was more than 87.5 million indicating a 2.6% growth in comparison with 2013.