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

IKCO’s Incomplete Cars Down 80%
IKCO’s Incomplete Cars Down 80%
August 10, 2022 18:54
  • 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...
  • 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.  
  • 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...
  • 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...
  • 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...
  • 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.  
  • Carmakers Taken to Task for Iran Exit
    Iranian parliamentarians have harshly criticized foreign automotive companies over their “lack of commitment” and for terminating their operations in Iran in the face of US sanctions. A recent...
  • 70,000 of Road Fatalities Involved SAIPA’s Pride
    Over the past 11 years, 34% of those who lost their lives in road accidents in Iran, constituting 70,056 victims, died in SAIPA’s small city car, Pride.  
  • 42% of Iranian Cars Fail Technical Tests
    Almost half of the cars rolled out by local automotive companies over the past four years do not meet emission standards and cannot receive technical inspection certificates, the CEO of Tehran...
  • Iran: $60m Deal for Auto Localization
    Major Iranian automotive companies and 32 parts makers from the private sector signed a $60 million deal on Saturday to curb the auto industry’s reliance on foreign suppliers. During an event held...
  • Hefty Gov’t Automotive Loan Embroiled in Technicalities
    The €844 million loan earmarked for local auto parts makers is yet to materialize, due to disagreements between automakers and state players, a deputy industries minister says. In February, the...
  • US Sanctions Slash PSA’s MENA Sales
    PSA Group’s sales in the Middle East and North Africa plunged 68.4% in the first half of 2019, punished by the automaker’s forced withdrawal from Iran under the threat of US sanctions. According...
  • Iranian Car Production Resumes in Syria
    Syrian Labor Minister Rima Qadiri said the production of Iranian vehicles has resumed in Syria. Speaking to reporters during a visit to Tehran, Qadiri said the sedan Samand designed by Iran Khodro...
  • 13,000 Aging Passenger Vans Need Upgrades
    Currently 13,000 passenger vans are operating in Iran’s public transportation fleet, all of which are dilapidated and in dire need of upgrades, the head of Iran Taxi Union said.  
  • Demand for Cars Surpass Supply in Strides in Iran
    Demand for vehicles in the past four months has increased sixfold than the projected annual output of local car companies for the fiscal 2019-20, Iran’s industries minister says. “Since the...
  • SAIPA Unable to Deliver Renault, Brilliance Cars
    Iranian automaker SAIPA has registered pre-orders for 350,000 vehicles, of which about 50,000 units—mainly Renault and Brilliance cars—cannot be delivered even in the best-case scenario, an Iranian...
  • Industries Ministry Warn Carmakers Against Hoarding
    As accusations against Iranian carmakers pile over the alleged hoarding of vehicles, the Industries Ministry has cautioned major auto firms to avoid shady practices and fall in line.  
  • Cheap CNG Loans for All
    The Iranian government is rolling out a nationwide scheme to convert their fossil fuel-powered vehicles to CNG hybrids by providing all car owners with cheap loans.  Motivating people to switch to...
  • Banning Online Vehicle Price Listing Backfires: Interview
    With online platforms being barred from listing vehicle prices and extensive disruptions in the supply chain, the Iranian car market slid further into a murky state of disorder. It has been a...

Pages

Financialtribune.com