• 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.

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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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    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...
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    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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    04/29/2018
    Two Japanese automakers, including Honda Motor, issued profit warnings for the current financial year...
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    04/29/2018
    Hyundai Motor said it will cancel $890 million worth of treasury shares, its first stock cancellation in...
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    04/29/2018
    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-...
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    04/26/2018
    The Beijing International Automotive Exhibition is a barometer of the state of the world’s...
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    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...
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    Volkswagen AG’s luxury unit Audi said on Tuesday that it was recalling 1.16 million vehicles worldwide....
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    04/24/2018
    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)
    04/24/2018
    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....
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    04/24/2018
    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...
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    04/22/2018
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    Tesla’s electric car sales will suffer due to increased competition from German automakers, according...
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    Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group’s turnaround...
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    04/22/2018
    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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    04/19/2018
    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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    04/19/2018
    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...

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