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-on-year growth.
Data released by the Ministry of Industries show that during the one-year period, 1,441,577 cars were produced by local firms indicating a 14.8% YoY increase. The businesses have over 50 models on offer.
With the exception of pickup trucks, all fields of the sector observed an increase in their annual output. Pickups are the second most manufactured automotive products in the country.
April 28, 2018 17:10
0
Iran Auto Industry 2017-18: All You Need to Know
With a 4% share of Iran’s GDP and employing 12% of the local workforce, the key automotive industry observed a 13.7% year-on-year growth during the fiscal which ended in March
Add new comment