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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

SAIPA En Route to Phasing Out PrideSAIPA En Route to Phasing Out Pride
January 13, 2020 17:22
  • Uncertified CNG Conversion Centers Having a Field Day
    Demand for auto fuel system conversions to LPG and CNG hybrids has been growing in Iran ever since November 2019, when the government rationed and tripled the price of fuel overnight. Not...
  • SAIPA En Route to Phasing Out Pride
    The long-running debate over halting the production of Pride, a poor-quality small city car produced by Iranian automaker SAIPA, has reportedly been concluded with a clear and close deadline. ...
  • Iran Auto Output Down 25%
    Iran’s automotive output fell by 24.8% during the ninth months ending Dec. 21 compared to a year earlier. According to data published by Fars News Agency, Iran produced 572,965 vehicles of...
  • Iran: Defense Ministry Strengthening Collaborations With Automakers
    Iran's Defense Ministry has signed a deal with local car manufacturing company SAIPA to curb the auto sector's reliance on foreign parts. Iranian car companies depend on auto parts imports—...
  • Iran: Presales Sidestepping Vehicle Standard Regulations, Deadline
    Despite the Iranian government’s promise to halt the production of substandard cars in a few months, recent moves indicate local carmakers are moving in the opposite direction. There had been a...
  • Iran Auto Output Down 32%
    Iran’s automotive output fell by 32.3% during the eight months ending Nov. 21 compared to a year earlier. According to data announced by the Persian economic daily Donya-e-Eqtesad, Iran produced...
  • IKCO Launches More Localization Projects
    Carmaker Iran Khodro (IKCO) has launched nine localization projects to curb the company’s capital flight by at least €17.5 million annually. The firm’s CEO Farshad Moqimi has been quoted as saying...
  • Gasoline Price Hike Turbocharges Demand for CNG Hybrid Cars
    Demand for CNG hybrid cars and prices of such vehicles have soared since the Iranian government decided to triple gasoline prices overnight on Nov. 15, a business insider says. Alireza Pourhassani...
  • Local Carmakers Cannot Pay Their Bills
    Local carmakers Iran Khodro and SAIPA, are deep in the red owing part makers 230 trillion rials ($1.9 billion) one official with Tehran Chamber of Commerce says. Mohammad Reza Najafimanesh tells...
  • Carmakers’ Losses Exceed $830 Million in Six Months
    Iranian car companies have incurred losses to the tune of 100 trillion rials ($833.2 million) in the first half of the current fiscal year (started March 21), secretary of Iran Vehicle Makers...
  • Nissan Shares Down 30% Since Ghosn's Arrest
    A year after the arrest of then-chairman Carlos Ghosn, Nissan Motor continues searching for a new course while navigating a power struggle with alliance partner Renault—and investors have shown...
  • Pride, Peugeot 405 to Retire by June 2020
    The longstanding debate over halting the production of poor quality cars in Iran has reached a tipping point with a clear deadline in sight, despite automakers bemoaning a lack of substitute for...
  • Loans for Buying E-Bikes
    In a push to promote electric motorcycles, Tehran Municipality, jointly with the state-backed Omid Entrepreneurship Fund, will extend cheap loans to e-bike buyers, covering 80% of the vehicle's...
  • Iran Auto Output Down 22%
    Iran’s automotive output fell by 22.4% during the seven months ending Oct. 22 compared to a year earlier. According to data announced by the Persian economic daily Donya-e-Eqtesad, Iran produced...
  • Tondgooyan Petrochem Company Raises Output
    With completion of a project to boost output from the Poly-H unit at Shahid Tondgooyan Petrochemical Company, daily production capacity of the unit has increased to 480 tons, the managing director...
  • Customs Clearance at Last for Over 1,000 Imported Vehicles
    After a long-drawn fracas between importers and government authorities, 1,048 cars are to get customs clearance. According to Financial Tribune’s sister publication Donya-e-Eqtesad, following an...
  • IKCO Releases Two-Month Sale Report
    Iran Khodro Company (IKCO), the country's biggest car manufacturer, has announced that in the past two months, it has sold over 50,000 cars.  
  • Iran H1 Auto Output Dips Near 35%
    Iran’s automotive output declined by 34.8% during the first half of the fiscal 2018-19 compared to a year earlier. According to data published by Fars News Agency in the six months to Sept. 22,...
  • SAIPA Expanding Presence in Africa
    Iran’s SAIPA and South African car manufacturer Mureza are to jointly produce vehicles in Zimbabwe.  
  • Automakers, Tech Firms Sign Deals to Curb Foreign Reliance
    Over the past week, Tehran hosted an event to connect tech firms with automakers, on the sidelines of which several deals totally worth $162 million were signed. The government-backed Iran...
  • SAIPA Makes Pride With 45% Import Dependence
    Iranian carmaker SAIPA needs to import auto parts worth €1,400 for making each unit of Pride, a €3,150 vehicle that the company has been manufacturing for the past three decades. With a pompous...
  • Iranian Auto Parts Makers, SMEs Sign $100m Deal
    Major Iranian auto parts manufacturers have recently signed a contract worth 12 trillion rials (over $100 million) with 32 local SMEs as part of a push to provide some relief to the country’s auto...
  • Tehran, Baku Expanding Automotive Ties
    Azerbaijan's ambassador to Iran met with Tabriz Chamber of Commerce officials and called for expansion of collaborations in the field of automotive industries.  
  • Iran-Turkey Automotive Deal on the Anvil
    Talks are underway between Iranian officials and their Turkish counterparts over the establishment of an automotive joint venture, a deputy industries minister said. Hossein Modarres also told...
  • 47% Decline in Iran's Auto Production
    Iranian car companies produced 47,317 cars and commercial vehicles during the month ending Aug. 22, indicating a 47.1% decline.  

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