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

  • Car Deals Put on Hold
    Following a total ban on car imports as per a directive signed on June 20 by the industries minister, vehicle prices have once again hiked in Iran’s market, with many putting their plans to...
  • Kia Cerato Sells Like Hot Cakes in Iran
    As part of SAIPA's extensive presale launched last week, the company offered a limited number of Kia Ceratos assembled in Iran, all of which were sold out in a few hours. The company's presale of...
  • Uber Battling to Keep London License
    Uber was to argue in court on Monday that it is “fit and proper” to operate in London, after regulators...
  • Iranian Auto Importers Caught Off Guard by Outright Ban - Interview
    Iranian car importers have run into an insurmountable brick wall, facing a total ban as per a directive signed on June 20 by the industries minister and officially announced two days later.  In...
  • EU to Respond to Any US Auto Tariff Move
    The European Union will respond to any US move to raise tariffs on cars made in the bloc, a senior...
  • Car prices have declined slightly during the recent days.
    Iran's auto market was last month watched in astonishment by jittery customers and bewildered citizens in the face of skyrocketing prices. In order to redress the volatile situation and put in...
  • Relaunch of Tehran Metro Line 7 Imminent
    Tehran Metro CEO Farnoush Nobakht has announced that five stations in Line 7 are set for relaunch in the coming days.  The premature launch of Line 7 by former mayor Mohammad Baqer Qalibaf amid...
  • Carburetor-equipped motorcycles are responsible for 25% of air pollution in Tehran.
    A controversial request entailing issuance of license plates for thousands of carburetor-equipped motorcycles was declined by the Cabinet, Department of Environment deputy Masoud Tajrishi announced...
  • VW May Seek Damages From Ex-CEO
    Volkswagen is reviewing whether to seek damages from former director Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member...
  • Hyundai Elantra
    After local media reported that the South Korean carmaker Hyundai has suspended its collaborations with its Iranian partner Kerman Motor, customers who have placed preorders for Hyundai cars...
  • Audi Names New Leader After CEO Arrested
    Audi has tapped its top sales executive to lead the company temporarily after the CEO was arrested.
  • Carpooling is gaining traction with Iranian users.
    With a green agenda in mind, several Iranian startups have started offering carpooling services, among which a Tehran-based team "Hampasho" has managed to gain over 10,000 active users so far....
  • Two-Month Auto Parts Import Bill: $468m
    Iran’s auto parts import bill for the first two months of the current fiscal which started on March 21 has come in with the total value of the goods standing at $468.7 million. According to...
  • Grab Clinches Deal With HSBC
    Ride-hailing startup Grab has secured a $370 million five-year asset-backed syndicated facility from...
  • Auto Sector’s Facts and Figures
    During to the first two months of the current Iranian year ending on May 21, with 226,584 cars and duty vehicles rolling out of factories, the key automotive sector recorded a 31.1% year-on-year...
  • Audi CEO Arrested Over Diesel Scandal
    Audi CEO Rupert Stadler was arrested in Munich on Monday in connection with the diesel-cheating...  
  • With 162,079 vehicles sold in Iran last year, Renault registered a 10.8% share of the domestic market.
    In the face of mounting pressure from the hawkish US President Donald Trump on international firms to ditch their Iran operations, Renault CEO Carlos Ghosn says the company is committed to...
  • VW Could Face Further Fines
    Volkswagen could face additional fines in Munich and Stuttgart on top of the €1 billion ($1.2 billion) it...
  • Through the deal, ISQI’s testing facilities are to be upgraded.
    Local private auditing firm Iran Standard and Quality Inspection Company has signed a deal with the Barcelona-based engineering firm Applus+ IDIADA. The agreement is to assist the Iranian company...
  • Snapp Forays Into New Cities
    Major Iranian e-hailing company Snapp has made inroads into two new markets as its services have become operational in Bushehr and Hamadan. Customers from Bushehr in the southwest of the country...
  • Quality of SAIPA’s Pride has been augmented.
    The quality of several Iran-made budget vehicles, priced under 500 million rials ($11,900), has observed a slight improvement according to the results of a monthly audit released by Iran Standard...
  • Some 2.5 million carburetor-equipped motorcycles ply Tehran’s almost permanently clogged roads.
    Since implementing a ban on the production of carburetor-equipped motorcycles, numerous attempts have been made to kill the mandate; the most recent of which is a formal request signed by two...
  • VW’s Golf GTI on Sale in Iran
    Volkswagen distributor in Iran, Mammut Khodro, has launched the presale of Golf GTI in the country. In addition to the Golf, Mammut has Tiguan and Passat on offer in Iran. According to an official...
  • Under an agreement, the companies will collaborate on GM’s next generation, advanced chemistry battery system.
    General Motors and Honda have struck a deal to partner on developing advanced new battery...
  • The Citroen C3
    Automakers are putting measures in place to mitigate the impact of the upcoming sanctions imposed by the truculent US President Donald Trump in the wake of his underhand move to pull the country...

Pages

Financialtribune.com