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December 22,2021
A total of 69,949 vehicles were produced by the two main domestic automakers SAIPA and Iran Khodro Company (IKCO) in the current fiscal year’s eighth month (Oct. 23-Nov. 21), but only 58,872...
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August 11,2021
The procurement of raw materials and key components in Iran’s auto parts manufacturing sector has been beleaguered by US sanctions, an industry insider said.
Mohsen Razmkhah added that the sector...
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December 19,2020
Major Iranian automaker Iran Khodro (IKCO) has slashed capital flight by $138 million through the localization of vehicle parts in the first eight months of the current Iranian year (March 20–Nov....
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December 05,2020
Following the reimposition of US sanctions in 2018, almost all foreign automotive partners pulled out of Iran. However, local technology companies gradually stepped in to fill the void.
Most...
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November 19,2020
Iran’s major automaker SAIPA is implementing 81 projects to localize high-tech auto parts, hoping to curb the sector’s dependency on foreign suppliers.
The projects have been established in...
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August 17,2020
Iranian auto industries can reduce capital flight by $2 billion, if the government were to support their localization efforts, secretary of Iranian Auto Parts Manufacturers Association says.
Arash...
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July 27,2020
Iran’s auto part production sector is having a hard time procuring the raw material and key parts from foreign sources due to the restrictive US sanctions, an industry insider said.
Mohsen...
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March 14,2020
With the domestic development and production of 70 key auto parts since July 2019, Iran’s automotive industry has curbed capital flight amounting to €127 million, said a deputy industries minister...
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February 22,2020
Iranian auto parts manufacturer SAPCO has signed multiple agreements with domestic knowledge-based companies, as part of efforts for curbing reliance on foreign resources.
Late last week, the...
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December 21,2019
Iran's Defense Ministry has signed a deal with local car manufacturing company SAIPA to curb the auto sector's reliance on foreign parts.
Iranian car companies depend on auto parts imports—...
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December 11,2019
Major local carmaker Iran Khodro (IKCO) is strengthening ties with Defense Ministry-affiliated firms by planning 23 auto parts production projects.
This is IKCO's newest move to curb the sector's...
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October 07,2019
Major Iranian auto parts manufacturers have recently signed a contract worth 12 trillion rials (over $100 million) with 32 local SMEs as part of a push to provide some relief to the country’s auto...
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September 11,2019
Since August 2018 and following the reimposition of harsh US sanctions, 280,000 Iranian workers have lost their jobs in the domestic auto parts industry.
Iran Auto Parts Makers Association has...
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July 22,2019
Major Iranian automotive companies and 32 parts makers from the private sector signed a $60 million deal on Saturday to curb the auto industry’s reliance on foreign suppliers.
During an event held...
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July 20,2019
The €844 million loan earmarked for local auto parts makers is yet to materialize, due to disagreements between automakers and state players, a deputy industries minister says.
In February, the...
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April 10,2019
Iranian auto parts makers racked up losses of more than $791 million during the fiscal that ended in March, secretary of Iran Auto Parts Makers Association said.
“Local parts makers accumulated...
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March 02,2019
An estimated 10,000 containers of imported auto parts are stuck in Iranian customs warehouses ostensibly because local automotive companies Iran Khodro and SAIPA are unable or unwilling to get...
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October 06,2018
The past several months have been something very close to a nightmare for auto parts makers and understandably so. Layers of red tape, economic headwinds from all four directions plus disturbing...
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August 20,2018
Given the turmoil surrounding the government forex policies which have hampered the import of raw materials, auto parts makers are struggling to keep production lines up and running amid a stream...
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August 11,2018
Few days after the introduction of government's new forex policy, local parts makers have expressed deep concern over the fate of their business.
Parts makers are of the opinion that the updated...
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July 14,2018
Imported auto parts have been languishing in customs warehouses as restrictive regulations have put the brakes on commodities getting clearance for entering the country, leading to a slide in Iran'...
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July 09,2018
Iran's automotive import bill for the first quarter of the current fiscal which started on March 21 has been published, with the total value of the imported parts standing at $779 million and 7,043...
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June 20,2018
Iran’s auto parts import bill for the first two months of the current fiscal which started on March 21 has come in with the total value of the goods standing at $468.7 million.
According to...
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April 11,2018
A total of $2.89 billion worth of auto parts, excluding tires, were imported during the last fiscal year (March 2017-18), more than any other commodity shipped into Iran during the period,...
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December 03,2016
France’s Faurecia has signed two joint venture agreements with Iranian companies to...
December 22,2021A total of 69,949 vehicles were produced by the two main domestic automakers SAIPA and Iran Khodro Company (IKCO) in the current fiscal year’s eighth month (Oct. 23-Nov. 21), but only 58,872...
