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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

  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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.  
  • Iranian Carmakers Mull JVs With Russian Counterparts
    As traditional foreign partners of Iranian car companies suspend their operations or leave, the local automotive firms are looking north and seeking partnerships with Russian counterparts....
  • Sanctions Slash Iran’s Automotive Diversity
    The choice of cars available to Iranian customers has shrunk over the past year after the US reimposed harsh sanctions against Tehran. Almost all foreign partners of Iranian carmakers pulled out...
  • Debate Flares Again Over Halting Pride’s Production
    The long-running debate over halting the production of SAIPA’s small car Pride has reignited, after Iran Traffic Police chief said license plates will not be issued for the vehicle as of March 2020...
  • Iranian Carmaker Eyes Local Tech Potentials for Developing EVs
    Domestic carmaker Iran Khodro is interested in utilizing the potentials of Iranian tech firms and knowledge-based companies to develop electric vehicles.  
  • Tehran Eyes Electric Cabs
    Tehran’s Taxi Organization is in talks with the government to accelerate the long-awaited plan to gradually induct electric-vehicles into the capital's taxi fleet and establish the required...
  • US Sanctions Taking a Toll on Iranian Auto Parts Makers
    Since August 2018 and following the reimposition of harsh US sanctions, 280,000 Iranian workers have lost their jobs in the domestic auto parts industry. Iran Auto Parts Makers Association has...
  • Multilateral Deal to Boost Auto Sector
    Parts manufacturer SAPCO, affiliated to Iranian carmaker SAIPA, has signed agreements worth 4.2 trillion rials ($37 million) with Ferdowsi University of Mashhad and several industrial units based...
  • Iran Industries Minister: IKCO-SAIPA Debts Reach $8.8 Billion
    By October 2018, the accumulated debts of Iranian carmakers, Iran Khodro (IKCO) and SAIPA, had reached 1 quadrillion rials ($8.8 billion), the industries minister said in a recent interview. In a...
  • Deputy Minister Appointed Iran Khodro Chief
    Iran Khodro’s (IKCO) Board of Directors appointed Deputy Industries Minister Farshad Moqimi, 43, as the automaker’s new CEO.  

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