• A parliamentary meeting to take stock of the auto industry was held on May 20.

    After the public outrage over soaring prices of locally manufactured cars prodded the Iranian Parliament to summon the directors of Iran's largest automotive companies and the deputy minister of industries, during a hearing on Sunday makers and government officials tried to vindicate the latest market developments.
    Car manufacturers and auto part makers defended the soaring prices of vehicles during the session held on Sunday afternoon.
    Iran Khodro and SAIPA, the country's largest carmakers, attributed the spike in auto prices to the fluctuations in the foreign exchange market and the rising inflation rate. Suppliers blamed the increase in the price of raw material, reported IRIB News.
    Lawmakers say forex fluctuations and inflation are two separate issues and the impact of each on the prices needs to be investigated. 
     

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

  • Meituan Dianping Acquires Mobike
    04/05/2018
    Meituan Dianping, China’s largest provider of on-demand online services, is buying bike-sharing firm...
  • Philippine Regulator Attacks Virtual Monopoly of Uber-Grab Deal
    04/05/2018
    The Philippine antitrust authority is examining a plan by ride-sharing rivals Grab and Uber Technologies to...
  • Tehran South Bus Terminal during Norouz holidays
    04/04/2018
    For the first time in decades there were zero bus crashes resulting in death across Iran during the Norouz holidays (Iranian New Year holiday season from March 21 to April 2). The improvement is...
  • Renault, Nissan in Merger Talks
    04/03/2018
    Renault shares rose sharply over the weekend following renewed media reports of merger...
  • President Hassan Rouhani (L) and his Azeri counterpart Ilham Aliyev in Baku on March 29.
    04/03/2018
    During a state visit to Baku President Hassan Rouhani and his Azeri counterpart Ilham Aliyev inaugurated the Iran Khodro-Azermash OJSC joint venture on March 29. With initial annual production...
  • Volvo XC40
    04/03/2018
    Although this will come as no surprise to industry insiders, after dozens of debuts at this year’s New York Auto Show, small luxury SUVs, especially hybrids, are the darlings of the bunch....
  • Kerman Motor Unveils Locally Produced Hyundai Accent
    04/03/2018
    Local carmaker Kerman Motor unveiled its first locally produced Hyundai Accent during Norouz (the Iranian New Year holidays from March 21 to April 2). The company showed the car on March 24 during...
  • Iranian carmakers hope to expand exports in neighboring countries by offering a wider range of products.
    03/21/2018
    Iranian automotive companies exported 2,237 shipments of vehicles, agricultural machinery and auto parts worth $98 million during the 11 months to Feb. 20. According to the latest statistics...
  • Road Death Toll Rises in Iran
    03/18/2018
    A report released by the Iranian Legal Medicine Organization shows the number of deaths caused by car accidents witnessed a 0.4% year-on-year rise in the 10 months ending Jan. 20. During the...
  • Toyota Land Cruiser for Iranian Police Fleet
    03/18/2018
    To renovate police cars in Iran ahead of Norouz (Iranian New Year), when the police have a busy time monitoring the roads, Toyota's Land Cruisers 2018 have been added to Iran's law-enforcement...
  • Volkswagen Assigns $25b in Battery Orders
    03/18/2018
    Volkswagen has picked partners to provide battery cells and related technology worth around €20 billion...  
  • Iranian MP: Hybrid Car Import Tariffs at 5-20%
    03/16/2018
    During the Cabinet meeting on Sunday, import tariffs for hybrid vehicles were once again amended after the government relented to mounting public pressure. Saeed Bastani, spokesman of Majlis...
  • President Hassan Rouhani visited the IKCO factory in Tehran in May 2017. (File Photo)
    03/15/2018
    President Hassan Rouhani is set to inaugurate the Iran Khodro-AzEuroCar LLC joint production plant known as Azermash during his visit to Azerbaijan in the coming weeks. Iran's Minister of Economic...
  • Customer Services for Mercedes-Benz Cars in Iran
    03/15/2018
    Emdad Khodro Iran has signed a deal with Setareh Iran, Mercedes-Benz's distributor in the country, to offer mobile emergency services to the products of the German manufacturer. Owners of Mercedes-...
  • SAIPA Delivers  200 Volvo Trucks
    03/15/2018
    SAIPA delivered 200 Volvo heavy-duty vehicles to customers on Tuesday, as part of a renovation scheme introduced by President Hassan Rouhani in February. This is the first batch of the new trucks...
  • An inspection center in Tehran
    03/13/2018
    More than half of the Iranian vehicles do not meet the standards to acquire a premium technical inspection certificate introduced by the Department of Environment to curb the emission of air...
  • Volkswagen’s auto designer Italdesign and Airbus at last year’s Geneva Auto Show presented a two-seater flying car.
    03/13/2018
    Volkswagen’s sports carmaker Porsche could develop a flying passenger vehicle to compete with rivals in...
  • SAIPA’s Quick
    03/13/2018
    SAIPA launched the presale of its latest hatchback model Quick in late January and started delivering a limited number of the vehicle last week. However, the company is yet to announce a final...
  • Volkswagen’s auto designer Italdesign and Airbus at last year’s Geneva Auto Show presented a two-seater flying car.
    03/13/2018
    Before Li Shufu rose to become the largest single shareholder at Mercedes-Benz through the acquisition...
  • IKCO’s Samand
    03/11/2018
    Iran’s largest automaker Iran Khodro is set to offer two of its locally manufactured sedan models, namely Samand and Peugeot 405, to join Nigeria’s taxi fleet. Hassan Golchubian, IKCO’s exports...
  • Iran’s Uber Snapp Digitalizes Recruitment Process
    03/11/2018
    Snapp unveiled an application labeled “Promoter App” to computerize the recruitment process for new drivers. The application allows field marketers to submit applicant information on the program...
  • SAIPA to Produce Citroen Crossover in Iran
    03/11/2018
    SAIPA is set to produce a subcompact crossover based on Citroen C3, which is an exclusive model offered by the Franco-Chinese joint venture Dongfeng Peugeot-Citroen in the Chinese auto market. The...
  • Waymo to Launch  Self-Driving Truck Project
    03/11/2018
    Waymo, the autonomous vehicle arm of Alphabet Inc, says it will launch a self-driving trucks pilot in...
  • Tehran Subway Fleet to Induct 44 Cars
    03/11/2018
    Tehran Municipality announced that 44 cars will be added to Tehran Subway’s fleet next week. Deputy mayor for transport affairs said the subway fleet’s capacity will increase by 174,000 people a...
  • Daimler’s Conditional Deals With Geely
    03/08/2018
    Daimler Chief Executive officer Dieter Zetsche on Tuesday welcomed Geely Chairman Li Shufu as a new shareholder and said any industrial alliance will depend on whether current China partner BAIC...

Pages

Trending

Googleplus