Auto

Read the latest news about Iran’s automotive industry, market trends, output figures, & import data, along with updates about Iran Khodro, Saipa and Pars Khodro

  • Iranian Tech Firm to Aid Auto Upgrade
    An Iranian knowledge-based firm has signed contracts collectively worth 8 trillion rials ($29 million) to supply catalytic converters to SAPCO and Mega Motors, major auto parts producers. During...
  • New Monthly Report Evaluates Domestic Automobile Quality
    The Iran Standards and Quality Inspection Company has issued a report on the quality of domestically manufactured automobiles assessed during the Iranian month ending July 22. The quality watchdog...
  • Slight Dip in Iran Car Output
    Iran’s automotive output dipped by 0.8% during the first five months of the current Iranian year (March 21-Aug. 22) compared with the year-ago period. According to data released by Securities and...
  • 31 Percent of Vehicles in Tehran Flunk Technical Inspection Tests
    One-third of automobiles on Tehran's roads failed emission and safety tests, during the first five months of the current Iranian year (March 21-Aug. 22).  Hossein Moqaddam, CEO of Tehran Vehicle...
  • SAIPA Plans 12% Output Rise
    Iran’s major automaker SAIPA plans to increase production by 12% by March 2022 by introducing brand new models in its product lineup. Early this week, the company announced that it plans to...
  • Monthly Survey of Car Quality
    Iran Standards and Quality Inspection Company has released a report on the quality of locally-made automobiles surveyed during the Iranian month ending June 21.  The quality watchdog is a private...
  • Iranian Auto Parts Makers Beleaguered
    The procurement of raw materials and key components in Iran’s auto parts manufacturing sector has been beleaguered by US sanctions, an industry insider said. Mohsen Razmkhah added that the sector...
  • 2,500 Taxis Renovated Since March
    A total of 2,500 dilapidated urban taxis have been renovated and delivered to applicants since the beginning of the current Iranian year (March 21), the head of Iran Taxi Union said. According to...
  • Upswing in Iran Auto Output
    Iran’s automotive output increased by 9.75% during the first four months of the current Iranian year (March 21-July 22) compared with the year-ago period. According to data released by Securities...
  • Alborz EV Charging Station Opens
    The domestic engineering and energy giant, MAPNA Group, unveiled its first solar-powered electric vehicle charging station in Fardis County, Alborz Province, on Sunday, fulfilling its promise to...
  • Iranian Car Quality Assessed
    Iran Standards and Quality Inspection Company has released a report on the quality of domestically-produced cars surveyed during the Iranian month ending May 21.  The quality watchdog is a private...
  • Iran Auto Output Drops in Q1
    Iran’s automotive output decreased by 1.14% during the first three months of the current Iranian year (March 21-June 21) compared to the year-ago period. According to data released by Securities...
  • 30% of Tehran Vehicles Fail Technical Inspections in Q1
    One-third of vehicles plying Tehran’s roads failed to meet emission standards and pass technical inspection tests, during the first quarter of the current Iranian year (March 21-June 21). Hossein...
  • Auto Parts Localization Curbs Capital Flight Worth €13m
    Iran’s major automaker Iran Khodro Company (IKCO) has slashed capital flight worth €13 million through the indigenization of auto parts production since the beginning of the current Iranian year (...
  • €26m Localization Plans Devised
    Iranian auto parts manufacturer SAPCO has devised a scheme for the indigenization of metal and non-metal components worth €26 million for the current fiscal year (started March 21). According to...
  • Iran Auto Sector Losses Hit $3.3b
    The top two domestic automakers’ cumulative loss has reached 800 trillion rials ($3.36 billion) by the month ending May 21.  Saeed Madani, a former CEO of SAIPA, added that in view of the...
  • IKCO, Local Bank Collaborate to Boost Auto Parts Localization
    Iran’s Bank Tejarat has decided to lend 1.5 trillion rials ($6.38 million) to the major automaker Iran Khodro Company (IKCO) to boost localization. Based on the recent agreement between the two...
  • Iranian Car Ranking Released
    Iran Standards and Quality Inspection Company has released a report on the quality of domestically-produced cars surveyed during the Iranian month ending April 20.  The quality watchdog is a...
  • MAPNA, Bam Khodro Form JV to Manufacture Electric Vehicles
    Iran has joined the global electric vehicle race, as the domestic engineering and energy giant, MAPNA Group, and Bam Khodro, a subsidiary of Kerman Motor Company, are gearing up to jointly produce...
  • Debts Add to Automakers’ Woes
    Iran’s auto industry is crippled with massive debts, a member of Iran Auto Parts Makers Association said. Reza Rezaei also told Tasnim News Agency that over the past six months, Iranian carmakers...
  • Soaring Car Prices Impede Taxi Renovation Program
    The government's decades-old taxi renovation program has been hampered by rising car prices in Iran, as only 9,000 dilapidated taxis were replaced with new cars in the last Iranian year (ended ...
  • Auto Sector Losses Reach $1.36b
    Iran’s ailing auto sector lost 300 trillion rials ($1.36 billion) in revenue during the last Iranian year (ended March 20, 2021). Announcing the above, Soheil Memarbashi, the head of...
  • Industries Ministry Outlines Plans to Bolster Auto Sector
    The Ministry of Industries, Mining and Trade plans to curb imports worth $3.4 billion in domestic industries during the current fiscal year (started March 21), a considerable share of which...
  • Auto Output Surges by 117% YOY
    Iran’s automotive production increased by 117% during the month ending April 20, compared with the same period of last year. According to data released by Securities and Exchange Organization on...
  • Ranking of Iranian Cars Released
    Iran Standards and Quality Inspection Company has released a report on the quality of domestically-produced cars surveyed during the Iranian month ending March 20.  The quality watchdog is a...

Pages

Financialtribune.com