The factory prices of cars produced by major domestic automakers Iran Khodro and SAIPA have increased by 29% on average, according to the CEO of SAIPA Automotive Group.
“A price increase for domestic cars was last announced in the ninth month of the fiscal 2021-22 [Nov. 22-Dec. 21, 2021],” Mohammad Ali Teymouri was also quoted as saying by IRNA.
“The National Competition Council and the Consumers and Producers Protection Organization determine the prices of cars, which process was launched about five months before the beginning of the current fiscal year [March 21],” he added.
The SAIPA chief noted that the two organizations based the new price changes on the first six-month audit reports of Iran Khodro and SAIPA.
April 10, 2023 19:23
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Increase in Factory Prices of Domestic Cars Averages 29%
The prices of all domestic cars considered non-competitive by the National Competition Council have increased, which could be seen on the websites of the two domestic automakers
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