The Central Bank of Iran in a directive has required 12 local banks to grant loans to parts makers, as part of the ongoing state policy to rescue the struggling industry.
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<p>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</p>
Smart parking meters are being installed in Tehran’s District 2. Using the smart parking meters and a smartphone app backed by Tehran Municipality, motorists can pay and reserve road-side…
The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’ mounting debt…
Despite the new US sanctions and economic challenges Iran is facing, Chinese carmaker Chery, is not only sustaining ties with the country but has also launched a new model in the fledgling…
With government intervention, the final price of Citroen C3 made in Iran via collaboration between local car company SAIPA and France’s Citroen has been announced.
When French auto companies Renault and PSA Group (Peugeot and Citroen) started leaving Iran last year, observers held the strong view that Chinese companies would rush to expand and take their…
As part of efforts to curb air pollution and promote electric motorcycles, Tehran Municipality is offering an incentive to e-bike buyers worth 25 million rials ($208). The price of electric…
After the US re-sanctioned Iran in the summer of last year, which also hurt the country’s car industry, operations of French auto companies, Renault and Peugeot, have declined rapidly. During…
Car buyers in Iran support privatization and a free market approach to the key industry and oppose generous state and government subsidies for the inefficient sector, a survey conducted by Iran…
Tehran Taxi Organization (TTO) has introduced a project that incorporates radio frequency identification (RFID) network to better monitor the work of cabbies. RFID technology which uses…
Local carmakers in Iran that long have earned the fury of an increasing number of people, respected environmental activists and prominent economists for their extended mismanagement and dubious…
When it comes to higher-ups and top jobs SAIPA’s revolving door keeps on turning at unusual speed. On Sunday, Mohammad Reza Soroush was removed from his post as CEO barely after four months in…
As per a project introduced by the Ministry of Health and Traffic Police, ‘traffic safety’ is to be added to the academic curriculum in universities. The project was initially announced…
An electric motorcycle has been produced locally by the Khodadadi Technical Institute in Bander Anzali in Gilan Province. With a fiberglass body, the two-wheeler is powered by an 8,000…
There are 150,000 dilapidated taxis in the country terribly contributing to the worsening air pollution. The figure comprises nearly half the total 360,000 vehicles in the taxi fleet, the head…
Production of the likes of Paykan and Peugeot RD ended years ago but many of these old cars still ply the capital and spew poison in the air, says the Tehran Vehicle Technical Inspection Bureau…
As part of Tehran Municipality’s unending fight against dirty air, over the past seven weeks half a million smog inducing vehicles have been fined for infringing traffic regulations.
Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head of Iran Standard…
Over the past several months the tire industry's profit margin has shrunk significantly thanks to the rising prices and shortages of raw materials amid hard economic times. Given the…
Local automotive company Iran Khodro has once increased prices of several models by 30%, including the locally designed Samand, Runna, Peugeot models 405 and 206. According to new factory price…
Tehran Auto Show 2019 opened its doors to journalists for a preview on Monday. The public can visit the Jan. 8-11 event being held in Shahr Aftab (Sun City) Exhibition Center in south Tehran.…
Knowledge-based companies and startups active in the automotive sector will get a boost following an agreement signed between the Vice Presidential Office for Science and Technology, and local…
Tehran Metro will be extended to Eslamshahr, a working district in the southwest, to help residents commute easier and reduce the traffic congestion. Construction will commence next week. The…
During the nine months to Dec. 21, 2018 Iran’s auto production plunged to 763,519 cars and commercial vehicles -- a 31% year-on-year drop.
The joint venture company between France’s Citroen and Iran’s SAIPA delivered the first Citroen C3s made in the central city of Kashan to customers earlier this week in Tehran. Ali Momeni,…
