• Another Car Price  Hike in the Offing

    Market observers are anticipating a new round of car price jumps in the coming days as the auto market adjusts to the most recent increase in the USD rate against the rial currency.
    The USD rate in the free market stood at 144,000 rials on Saturday morning, up 3.94 % from 138,530 last Saturday, sparking speculations that cars will also see another price surge in the following days.
    According to an article published by the Persian economic daily Donya-e-Eqtesad, while the value of imported vehicles that has hit a ceiling is no longer affected by the volatility in the foreign currency market, locally-made cars have not yet settled at a steady rate due to the economic headwinds the country is facing.


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

  • Tesla Model 3
    Elon Musk’s Model 3, once touted as Tesla’s $35,000 car for the masses, can now set ...
  • Local car dealers say car prices have observed significant hikes over the past two weeks.
    The auto industry faces scrutiny on multiple fronts as car prices spike in Iran, with the bullish market observing a 10% price increase only in recent weeks. The industry seems to be stuck in a...
  • Citroen Presells 2,000 C3s in Iran Debut
    Through a joint venture with Iranian carmaker SAIPA, French automotive giant Citroen presold 2,000 units of its small city hatchback C3 in its initial offering in the country on May 16. According...
  • Rise in Freeway Tolls
    As a means to cover the costs of the country’s road expansion program and the debts so far incurred by the government over the project, an average 20% hike in freeway tolling was announced by the...
  • SAIPA-Citroen initiated the presale of the Citroen C3 in Iran on May 16.
    Deputy director of SAIPA-Citroen joint venture Yann Martin says the French automotive company is committed to Iran business. According to him, in the face of the belligerent US President Donald...
  • Didi Axes Social Features
    China’s biggest ride-sharing company, Didi Chuxing, will disable features such as profile pictures, ratings...
  • Local Ride-Hailing App Releases Latest Figures
    In a gathering to report MTN-Irancell’s activities and projects, ride-hailing company Snapp, supported by the mobile operator, announced statistics regarding the service’s fortunes. During the...
  • Millions of Hours Down the Drain in Tehran’s Massive Traffic Snarls
    Tehran citizens are forced to squander 20 million hours a day in the overcrowded, traffic-clogged metropolis. According to Mohammad Darvish, a prominent member of the Iranian Research Institute of...
  • IKCO Launches Stock Monitoring Application
    Iran largest automaker Iran Khodro has launched an application to ease the shareholders’ work in observing their stocks and the latest changes in their value. Investors can use the app to receive...
  • SAIPA-Citroen JV Announces Iran Presale
    Iranian carmaker SAIPA and its French partner PSA’s Citroen brand announced an upcoming presale of the Citroen C3 in Iran few days after the hawkish President Donald Trump pulled the United States...
  • The production facility was inaugurated on April 24, during a ceremony attended by Industries Minister Mohammad Shariatmadari.
    With an investment of 1.2 trillion rials ($28.5 million), Iran’s first die-casting mold factory has started operations in the northwestern city of Tabriz. The project aims to cater to the needs of...
  • Haval H2
    During the ceremony to deliver the first series of the Haval H2 to customers, Bahman Motor CEO Hamid Davoudzadeh announced that Haval H6 will arrive in the market in October. While the private...
  • Trump Meets Auto Executives
    CEOs or senior executives from ten American and foreign automakers met with President Donald Trump...
  • Hyundai Kona's Iran Debut Slated for Summer
    Iranian automaker and local partner of Hyundai Motor is set to unveil the South Korean firm's small SUV Kona by late June. According to Kerman Motor's marketing manager, the Kona will be...
  • PSA Hopes Unified EU Position on Iran Deal
    French carmaker and owner of Peugeot brand PSA Group said on Wednesday that it hoped the European Union would adopt a common position on Iran, following US President Donald Trump’s decision to pull...
  • Uber Shows Flying Car Prototype
    Uber has unveiled its “flying car” concept aircraft at its second...
  • Industries Minister Ignites Controversy: : Carmakers’ Full Privatization Still a Long Shot
    Iran’s minister of industries maintains that prior to triggering public offering of managing shares of Iran Khodro and SAIPA, the number of active automotive firms in the country needs to be...
  • Audi Under Investigation on Possible Diesel Scandal
    The world’s biggest carmaker may have a new diesel ...
  • Ford Eyes to Tap Tech-Minded Talent
    Ford Motor Co. wants to convert an infamous symbol of Detroit’s long, sad decline—a rotting train...
  • Rouhani Inaugurates Mashhad Subway Intersection
    (Brief) During a public event, President Hassan Rouhani on Monday morning officially inaugurated a major subway line intersection in the holy city of Mashhad.
  • Among the new vehicles with a four-star quality is the Peugeot 2008 produced in Iran through a joint venture between Iran Khodro and the French automaker Peugeot.
    While Iranian carmakers have constantly been under fire for low quality of their products and inadequate safety standards, reports by Iran Standard and Quality Inspection Company indicate a slight...
  • There are more than 7,000 taxi vans on the verge of falling apart in the capital.
    In an effort to mitigate air pollution in the capital, several organizations have mobilized resources to launch a renovation scheme directed at renewing Tehran’s taxi van fleet.  There are more...
  • Elon Musk
    Days after the Tesla boss shocked Wall Street by completely dismissing critical questions from two...
  • Ex-VW Chief Charged in US
    The United States has filed criminal charges against former Volkswagen AG boss Martin Winterkorn...
  • Auto parts have a 7.6% share of the goods entering Iran through legal channels, topping Iran’s import bill.
    Iran’s auto parts import bill for the first month of the current fiscal which started on March 21 has come in with the total value of the goods standing at $192 million. According to statistics...