Iran Auto Industry

Iran Auto Industry

  • Deadbeat Carmaker on Wrong Side of Insurers
    Insurance companies have stopped offering third party vehicle insurance to new vehicles produced by SAIPA, Iran's second-largest automaker, due to the carmaker’s pattern of failure to settle its...
  • US Sanctions Slash PSA’s MENA Sales
    PSA Group’s sales in the Middle East and North Africa plunged 68.4% in the first half of 2019, punished by the automaker’s forced withdrawal from Iran under the threat of US sanctions. According...
  • Iranian Car Production Resumes in Syria
    Syrian Labor Minister Rima Qadiri said the production of Iranian vehicles has resumed in Syria. Speaking to reporters during a visit to Tehran, Qadiri said the sedan Samand designed by Iran Khodro...
  • Demand for Cars Surpass Supply in Strides in Iran
    Demand for vehicles in the past four months has increased sixfold than the projected annual output of local car companies for the fiscal 2019-20, Iran’s industries minister says. “Since the...
  • SAIPA Unable to Deliver Renault, Brilliance Cars
    Iranian automaker SAIPA has registered pre-orders for 350,000 vehicles, of which about 50,000 units—mainly Renault and Brilliance cars—cannot be delivered even in the best-case scenario, an Iranian...
  • Industries Ministry Warn Carmakers Against Hoarding
    As accusations against Iranian carmakers pile over the alleged hoarding of vehicles, the Industries Ministry has cautioned major auto firms to avoid shady practices and fall in line.  
  • Banning Online Vehicle Price Listing Backfires: Interview
    With online platforms being barred from listing vehicle prices and extensive disruptions in the supply chain, the Iranian car market slid further into a murky state of disorder. It has been a...
  • Gov’t Reiterates Plan to Privatize IKCO, SAIPA
    The Iranian government plans to sell off its share in the two major automotive companies: Iran Khodro (IKCO) and SAIPA.  
  • 7,500 Imported Cars to Hit Iranian Roads
    A two-year tussle between Iranian auto importers and government officials is coming to a close, with 7,500 imported vehicles receiving permits to hit the domestic roads. Secretary of Iran Auto...
  • Iran Auto Production Slides
    Since June 2018, Iran’s auto production has been plummeting.  Data released by the Industries Ministry show that the decline has continued in the second month of the current fiscal year (ended May...
  • Iran Government Removes Ban on Auto Presales
    While complaints against local automotive companies over delayed deliveries have piled up at the judiciary, the government has given the green light to these firms to launch new presales, albeit...
  • Car Prices and Twisted Narratives
    It has been a month since Iranian e-commerce websites were barred from listing car prices. And now a section of local news outlets are reporting a “noticeable decline” in demand and prices, a claim...
  • Iran’s Defense Ministry Extends Helping Hand to Carmakers
    Iran’s Defense Ministry is set to share its technological capabilities with local car companies Iran Khodro (IKCO) and SAIPA to curb the industry’s reliance on foreign auto parts suppliers....
  • Iranian Parliament Mulls Capital Gains Tax to Control Surging Automotive Prices
    Iranian lawmakers are studying a draft bill on the introduction of a capital gains tax to control the auto market that has experienced a sharp price hike in tandem with the upward forex rate...
  • Iran Bans Auto Presales
    Iranian carmakers have been barred from holding presales until they meet their overdue commitments and deliver orders placed earlier by customers, a deputy industries minister says. Abbas Tabesh,...
  • Lawmakers Pushing for Higher Car Prices, Loan Packages
    The strong lobby of Iranian car companies in the parliament is pushing for a new vehicle price hike, with a lawmaker claiming car production costs surpass revenues and another MP calling on the...
  • Iran Parliament Passes New Law for Regulating Automotive Sector
    The Iranian Parliament on Sunday passed a law on regulating the country’s automotive sector months after a turmoil spiked car prices to unprecedented heights. In a talk with Majlis news outlet...
  • Iranian Carmakers’ Woes Deepen
    Major Iranian car companies are grappling with two main problems: lack of auto parts that have caused a sharp decline in production and a failure to clear the piling backlog of car orders they have...
  • $844m Needed for Rescuing Iran’s Cash-Burning Carmakers
    An aid package worth $844 million is needed for saving Iran’s two chronically struggling carmakers. Deputy Industries Minister Farshad Moqimi told ICANA that over 150,000 cars are in the...
  • Deal to Replace 10,000 Old Taxis
    Iran's major carmaker Iran Khodro (IKCO) and Iran Taxi Union have signed a deal to renovate the capital's aging public transportation fleet, in the latest push to combat air pollution in the city...
  • 700,000 Jobs Threatened in Iran Auto Industry
    If the Iranian government does not offer the local auto industries an aid package to the tune of 70 trillion rials ($466 million) soon, over 700,000 workers employed in the key sector will join the...
  • Iran's GIO Launches Auto Market Investigation
    Following weeks of upheaval in Iran’s auto market when prices hiked hourly, the judiciary-affiliated General Inspection Organization of Iran has started an investigation into the sector.  
  • Iran Auto Production Declines in 1st Fiscal Month of 2019-20
    The latest data of Iranian automotive companies show their output plummeted to new lows in the first month of the current Iranian year (started March 21). Industries Ministry’s data show that Iran...
  • SAIPA, University of Tehran Sign R&D Agreement
    Iranian car manufacturer SAIPA has signed a research and development agreement with the University of Tehran to use academic potentials for boosting the key sector.  
  • Car Prices in Iran: Chaotic Auto Market and Finger-Pointing
    With car prices hiking north of 30% over the past three weeks in Iran, local media and officialdom have rushed in to lay the blame at the feet of auto dealers and online marketplaces. Since...

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