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

  • Iranian Carmaker to Help Renovate Taxis
    Iran's major carmaker Iran Khodro (IKCO) is planning to renovate 10,000 cabs in Tehran’s transportation fleet during the current Iranian year (started March 21). According to the IKCO's Sales...
  • SAIPA, University of Tehran Sign R&D Agreement
    Iranian car manufacturer SAIPA has signed a research and development agreement with the University of Tehran to use academic potentials for boosting the key sector.  
  • Car Prices in Iran: Chaotic Auto Market and Finger-Pointing
    With car prices hiking north of 30% over the past three weeks in Iran, local media and officialdom have rushed in to lay the blame at the feet of auto dealers and online marketplaces. Since...
  • Iran: Car Prices Soaring Again
    Car prices have been soaring on an hourly basis in Iran over the past few days.  Vexed by the raging prices, Iranian parliamentarians have censured local car companies and government officials....
  • 3-Day Classic Car Rally in Tehran
    A three-day rally of classic cars will be held in Tehran from Wednesday to Friday.  
  • IKCO, Azad University Sign R&D Agreement
    Iran Khodro Powertrain Company, affiliated to the country’s major automaker Iran Khodro (IKCO), has signed a research and development agreement with Islamic Azad University to use academic...
  • Iran Annual Auto Output Report: 2018-19
    In the last fiscal year (ended March 20, 2019), a total of 955,923 cars and commercial vehicles were produced in Iran, indicating a 37.8% year-on-year decline. Data released by the Industries...
  • US Sanctions Against Iran Hurting Renault, Peugeot
    French automotive companies PSA Group and Renault have linked declines in their first-quarter revenues to their forced withdrawal from Iran under threat of US sanctions. Data from Iran’s Ministry...
  • Taxi Renovation Policy Adrift
    Soaring car prices in Iran have put the brakes on the government’s decades-old taxi renovation policy. Over the past several months and following unprecedented hikes in car prices, the latest and...
  • More CNG-Hybrids Join Iran Taxi Fleet
    The number of CNG-hybrid taxis in Iran is estimated at around 304,000 accounting for 95% of total the cabs in the country, head of Iran Taxi Union says. Morteza Zameni told Tasnim news agency that...
  • Loans to Promote CNG-Hybrids Vehicles in Iran
    As per a scheme implemented by the National Iranian Oil Refining and Distribution Company, low-interest loans are being offered to commercial and passenger vehicles using gasoline and diesel to...
  • Third Party Car Insurance Premiums Rise
    The High Council of Insurance, affiliated to the Central Insurance company of Iran, has raised premium rates and the reimbursement ceiling for third-party car insurance by 15% in the current...
  • MPs Go Ballistic Against Dysfunctional Automakers
    With the car market getting out of its Norouz Holiday hiatus, vehicle prices have once again started their rally. Irked by the latest price hikes, the Majlis has gone ballistic against the dented...
  • Iranian Parts Makers Lose $791 Million
    Iranian auto parts makers racked up losses of more than $791 million during the fiscal that ended in March, secretary of Iran Auto Parts Makers Association said. “Local parts makers accumulated...
  • 1.7m Auto Technical Inspections in Tehran
    During the last fiscal (ended in March), over 1.7 million vehicles approached the technical inspection centers in Tehran, the Tehran Vehicle Technical Inspection Bureau said.  The figure is almost...
  • Smart Monitoring System for Intercity Cabs
    To help reduce road mishaps and fatality rates, Traffic Police is to install a smart monitoring system called ‘Sepahtan’ on intercity taxis in the current fiscal year (started March 21). Sepahtan...
  • Iran Auto Output Suffers Sharpest Decline in 18 Years
    Iran’s automotive output suffered its sharpest year-on-year decline in 2018 since the 21st century. Local companies last year made 1.34 million cars and commercial vehicles -- a 40% YoY decline,...
  • Not the Best Money Can Buy
    The cheapest to the costliest vehicle in Iran’s chaotic auto market have two key features few if any can miss: high price and low quality.  
  • Classic Car Rallies in Tehran and Alborz
    A daylong rally of vintage cars was held in Tehran and Alborz provinces on Sunday by the Touring and Automobile Club of Iran.  
  • SAIPA to Sell Brilliance H330 in Syria
    Iranian car company SAIPA and its Syrian partner SIVECO are to produce the Chinese-derived sedan Brilliance H330 in Damascus, Aleppo, Lattakia, Homs and Hama.  
  • Classic Cars on Show in Shiraz
    A vintage car show will be held at Pars Stadium in the southern city of Shiraz, Fars Province, on Friday and more than 200 vintage cars from across the country will be on display.   
  • Iran 10-Month Auto Production Report
    In ten months to Jan. 20 auto production in Iran plunged by 35.4% compared to the year earlier. Data published by the Industries Ministry show that during the period 812,979 cars and commercial...
  • Iranian Carmaker Says Cannot Deliver Presold Renaults
    Pars Khodro, a subsidiary of Iranian car company SAIPA, reportedly presold 36,000 Renault cars which it now says it cannot deliver because the new US sanctions have disrupted the supply of parts....
  • Iran Central Bank, Carmakers Clash Over €844 Million Loan
    To help again rescue the dysfunctional local auto industry, the Central Bank of Iran agreed last month to lend €844 million to the two main companies, Iran Khodro and SAIPA.  Now the two sides are...
  • Tons of Imported Auto Parts Stuck in Iran Customs
    An estimated 10,000 containers of imported auto parts are stuck in Iranian customs warehouses ostensibly because local automotive companies Iran Khodro and SAIPA are unable or unwilling to get...

Pages

Financialtribune.com