Annual Vehicle Output Tops 1.3m

The production of domestic vehicles (including heavy, commercial and passenger cars) reached 1.348 million in the fiscal 2022-23 (ended March 21), registering a 40% growth compared with the previous year, according to the Ministry of Industries, Mining and Trade’s Automotive Industry Office.
“The highest growth in car production in the last 12 years was recorded in the fiscal 2014-15 and fiscal 2022-23. The only difference in car output in those years is that the assembly of completely knocked down products was undertaken by Iran’s two largest car manufacturers in the fiscal 2014-15,” Abdollah Tavakkoli Lahijani was also quoted as saying by IRNA.
Noting that 105,000 unfinished cars were completed in the previous fiscal year, he added that the production of complete cars by the two largest carmakers stood at 961,000 vehicles during the period, registering a 479% growth compared with the previous year.