• 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

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  • A customer now has to pay 61 million rials ($14,523) to purchase the crossover Sandero Stepway, up 8.9% compared to a few days ago.
    Iran’s second largest auto manufacturer SAIPA hiked the prices for its products, some by as much as 9.4%, according to leaked data vaguely affirmed by officials. In an underhand move, SAIPA...
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    Researchers at Dutch firm Computest have disclosed multiple vulnerabilities in the infotainment system...
  • Some 90% of scrappage centers have been forced to shut down their business.
    Roughly nine out of ten scrappage centers have been forced to shutter their business and the remaining are grasping at straws as ill-conceived government policies in the auto sector start to show...
  • Haval H2 Goes on Sale in Tehran
    Private Iranian automaker Bahman Group has initiated the sales of a Haval SUV model H2. The sales began on 10 a.m. local time on Saturday. The vehicle is priced at 958.9 million rials ($22,830) and...
  • Motorbikes are notorious for being one of the main contributors to air pollution.
    Iranian motorbike makers have ten months to upgrade their facilities to meet Euro4 standards and the country's automotive inspection centers are on the fast track to get new equipment so as to...
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  • Japanese Automakers Issue Profit Warnings
    Two Japanese automakers, including Honda Motor, issued profit warnings for the current financial year...
  • Hyundai Motor to Cancel $890 Million in Shares
    Hyundai Motor said it will cancel $890 million worth of treasury shares, its first stock cancellation in...
  • Auto Sector Annual Report
    Iran's key automotive sector experienced a significant surge during the fiscal which ended in March. With 1,534,799 units rolling out of factories, the companies collectively recorded a 13.7% year-...
  • E-Jing GT electric sports car concept
    The Beijing International Automotive Exhibition is a barometer of the state of the world’s...
  • Due to Tehran’s heavy traffic snarls, many prefer to take a motorcycle instead of a taxi.
    Iranian motorcycle manufacturers have roughly ten months to upgrade standards or halt production altogether. The government of President Hassan Rouhani introduced a directive back in 2014...
  • Audi Recalling 1.16 Million Vehicles
    Volkswagen AG’s luxury unit Audi said on Tuesday that it was recalling 1.16 million vehicles worldwide....
  • the trial production of Haval H2 began in March.
    Private Iranian automaker Bahman Group has forayed into manufacturing the Chinese compact SUV, Haval H2. Haval is an automotive marque owned by the Chinese automaker Great Wall Motors which...
  • Snapp, Iran’s First Unicorn Startup?
    The widely used ride-hailing application Snapp will pursue new business opportunities by merging its program with hotel reservation apps and collaborating with Irancell to unveil a SnappPay...
  • GM has sought wage concessions from its labor union as well as government funding and incentives to save its remaining three South Korean factories.
    General Motors Co’s South Korean unit on Monday said it has reached a tentative wage deal with its labor...
  • Kerman Motor’s production lines (File Photo)
    Iran’s largest private automaker Kerman Khodro is hoping to raise capital by a public stock offering, an initiative that can shake things up and alter the status quo of Iran’s auto market....
  • Car Market Under Majlis Scrutiny
    The Iranian Parliament on Sunday advanced plans to directly engage in monitoring and moderating the country’s turbulent auto market. A total of 142 lawmakers voted for urgently pushing through the...
  • In an ongoing trip to China, Managing Director of SAIPA Mohsen Jahroudi (2nd R) visited Brilliance and Changan’s factories.
    SAIPA, Iran’s second-largest auto manufacturer, is revealing plans for expanding ties with two of its Chinese partners, Brilliance and Changan, to further grease the wheels for the company’s ascent...
  • JP Morgan Sees Headwinds for Tesla Shares
    Tesla’s electric car sales will suffer due to increased competition from German automakers, according...
  • Opel’s owner PSA aims to eliminate 3,700 jobs under a program of voluntary departures.
    Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group’s turnaround...
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    Allocation of 7 trillion rials ($166.6 million) worth of bonds for completion of Line 7 has helped speed up the construction, Head of Tehran Urban and Suburban Railway Operation Company told...
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    In light of the massive disturbance in Iran's forex market, automotive industry insiders are anticipating that car prices will skyrocket when the Competition Council gives the green light to...
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    China will scrap a limit on foreign ownership of automotive ventures by 2022 in a major policy...
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    Tesla CEO Elon Musk has set an aggressive new target for production of the Model 3, and it will...