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.
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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>
Iran Khodro’s (IKCO) Board of Directors appointed Deputy Industries Minister Farshad Moqimi, 43, as the automaker’s new CEO. Former IKCO chief, Hashem Yekezare, was sacked last Monday for “…
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…
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. Iran Traffic Police Chief General Kamal…
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…
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.
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…
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.
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…
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.
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.
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…
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.
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…
Technical inspection tariffs have been increased nationwide by 55% in the current Iranian year (started March 21) after three years of remaining unchanged, Tehran’s Vehicle Technical Inspection…
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.
The Iranian government plans to sell off its share in the two major automotive companies: Iran Khodro (IKCO) and SAIPA. Industries Minister Reza Rahmani said, “The government’s share in IKCO…
A two-year tussle between Iranian auto importers and government officials is coming to a close, with 7,500 imported vehicles receiving permits to hit the domestic roads.
Iran Khodro Diesel, a subsidiary of the country's major carmaker Iran Khodro, is planning to renovate the country’s aging bus fleet. Mehdi Younesian, the head of IKD, said the renovation of…
A new scheme for curbing traffic and air pollution in the central parts of Tehran has been planned, the director of Tehran Municipality’s Transport and Traffic Organization says. Mohsen…
Since June 2018, Iran’s auto production has been plummeting. Data released by the Industries Ministry show that the decline has continued in the second month of the current fiscal year (…
While complaints against local automotive companies over delayed deliveries have piled up at the judiciary, the government has given the green light to these firms to launch new presales, albeit…
The online sale of tires for heavy-duty vehicles at factory prices was launched in Qazvin Province since June 2. As per a scheme introduced by the Industries Ministry and implemented with…
It has been a month since Iranian e-commerce websites were barred from listing car prices. And now a section of local news outlets are reporting a “noticeable decline” in demand and prices, a…
Iran’s Defense Ministry is set to share its technological capabilities with local car companies Iran Khodro (IKCO) and SAIPA to curb the industry’s reliance on foreign auto parts suppliers.
