SAIPA Automotive Group has published detailed statistics from March 21 to May 28, alongside the release of the total vehicle production report, which indicate a substantial jump in output.
A total of 86,618 vehicles were produced by SAIPA during the period, registering an 82.5% increase compared with the corresponding period of last year, the company’s CEO said.
“Since good agreements have been made between the Ministry of Industries, Mining and Trade and the Central Bank of Iran regarding the supply of foreign currency to car manufacturers and parts producers, vehicle output has increased,” Mohammad Ali Teymouri was also quoted as saying by Khabar Khodro, a Persian website that covers automotive news.
“By increasing production, SAIPA aims to help regulate the car market, reduce the gap between factory and market prices, and fulfill the obligations assigned to it in the integrated car supply system. Production growth achieved since the beginning of this year [March 21] indicate that the component supply chain, currency supply process and production lines are being operated under suitable conditions.”
The CEO noted that the production of 9,233 Shahins registered the highest year-on-year growth of 128% during the period compared with 4,024 in the same period of last year.
“It was followed by SAINA, as its output increased by 127% to stand at 20,630 from 9,089 in the corresponding period of last year. A total of 38,704 QUIK models were produced, up 67% compared with 23,120 in the same period of the fiscal 2022-23,” he said.
“The output of SAIPA 151 increased by 46% from 6,117 in last year’s same period to 8,961 in the fiscal 2023-24.”
According to Teymouri, the production of SAIPA Diesel registered a 56% growth during the period, as the company produced 417 heavy vehicles from March 21 to May 28 while its output stood at 268 units in the corresponding period of last year.
“The rise in the quantity and quality of car production is in response to consumer demand, therefore, the process of optimizing production and eliminating any possible defect is followed seriously by the company. According to the new year’s slogan of ‘Inflation Control, Production Growth’, SAIPA is using its full potential to set records in production,” he said.
Total Vehicle Output Surges by 48%
The production of domestic vehicles (including commercial and passenger cars) reached 193,437 in the first two months of the current fiscal year (March 21-May 21), registering a 48% growth compared with the corresponding months of the previous year, according to the Ministry of Industries, Mining and Trade’s Automotive Industry Office.
Passenger car output hit 165,874 during the period under review, registering a 45% rise compared with the previous year.
The output of pickup trucks reached 21,404 vehicles, registering a 58% growth compared with the previous year.
Van production amounted to 713 units during the period ending May 21, up 1,108% when compared with the same period of the previous fiscal year.
Minibus, middle bus and bus production stood at 381 vehicles, showing a year-on-year rise of 48%. The minibus and middle bus output amounted to 199 (up 35%) and bus production hit 182 (up 65%).
The production of heavy vehicles hit 6,065 vehicles during the period to register a 95% increase compared with the same period of last year.
A total of 38,067 vehicles were produced by the private sector, registering an 80% YOY increase.
The sector’s passenger car production stood at 29,679 vehicles during the period, registering a 75% growth.
Pickup truck production by the private companies hit 4,405 to register a 92% increase.
Private automakers only produced one van during the period, registering a 98% decline when compared to 59 units in the corresponding period of last year.
Private sector automakers produced 199 minibuses and middle buses during the period, registering a 35% year-on-year growth.
A total of 64 buses were produced by this sector to register a 42% increase compared with the same period of last year.
The output of heavy vehicles amounted to 3,719 units during the period, to register a 138% YOY growth.
Fiscal 2022-23’s Vehicle Production Registered Solid Growth
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 Industries Ministry’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.
“In the past year, 95% of the vehicles were produced as completed products, while only 20% of completed cars were produced in the fiscal 2021-22 and a majority of cars had a deficit of parts,” he said.
“The highest monthly output since the beginning of the international sanctions in the fiscal 2018-19 belonged to the 11th month of the previous fiscal [Jan. 21-Feb. 19] with 133,000 vehicles.”
The official stated that 1.1 million vehicles were delivered by the two manufacturers in the previous fiscal year, registering a 31% growth compared with last year when delivery stood at 838,000 vehicles.
Tavakkoli announced that 195,000 cars were produced by the private sector, registering a 103% growth compared with the previous fiscal year.
“The share of the private sector in car production amounted to 15% in the fiscal 2022-23, which indicates a threefold increase,” he said.
