Iran Auto Industry

Iran Auto Industry

  • Iran’s 2019-2020 Auto Output Report
    In the last fiscal year that ended in March, 863,263 passenger vehicles were produced in Iran, indicating a 9.6% year-on-year decline. According to a report published by Iran’s Securities and...
  • Gov’t Pushes to Curb Auto Industry’s Import Reliance
    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...
  • Iran’s Auto Sector: Moment of Truth
    Truth be told, most big companies, banks, state and government organizations are prone to corruption, mismanagement, larceny, fraud and waste.  But a time comes when some no-nonsense folks start...
  • Iran Auto Output Up 4% in 10 Months
    Iran’s automotive output increased by 4% during the 10 months ending Feb. 19 compared to a year earlier. According to data published by the Persian economic daily Donya-e-Eqtesad, Iran produced...
  • Automakers Deep in Red
    Marred with mismanagement amid an economic crisis, Iran’s auto industry is saddled with a massive debt, the head of a local guild of auto parts makers said. Arash Mohebbinejad also told IRNA, “...
  • Auto Parts Makers, Tech Companies Focus on Promoting Self--Sufficiency
    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...
  • SAIPA Says to Produce 3,000 Renault Cars
    Pars Khodro, a subsidiary of SAIPA car company, has restarted producing Renault cars, the company said in a statement. Last March Pars Khodro stopped producing Renault vehicles because the “new US...
  • SAIPA En Route to Phasing Out Pride
    The long-running debate over halting the production of Pride, a poor-quality small city car produced by Iranian automaker SAIPA, has reportedly been concluded with a clear and close deadline. ...
  • Iran Auto Output Down 25%
    Iran’s automotive output fell by 24.8% during the ninth months ending Dec. 21 compared to a year earlier. According to data published by Fars News Agency, Iran produced 572,965 vehicles of...
  • Iran: Defense Ministry Strengthening Collaborations With Automakers
    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—...
  • Iran: Presales Sidestepping Vehicle Standard Regulations, Deadline
    Despite the Iranian government’s promise to halt the production of substandard cars in a few months, recent moves indicate local carmakers are moving in the opposite direction. There had been a...
  • Iran Defense Ministry Extends Help to Embattled Automotive Industry
    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...
  • Iran Auto Output Down 32%
    Iran’s automotive output fell by 32.3% during the eight months ending Nov. 21 compared to a year earlier. According to data announced by the Persian economic daily Donya-e-Eqtesad, Iran produced...
  • IKCO Launches More Localization Projects
    Carmaker Iran Khodro (IKCO) has launched nine localization projects to curb the company’s capital flight by at least €17.5 million annually. The firm’s CEO Farshad Moqimi has been quoted as saying...
  • Gasoline Price Hike Turbocharges Demand for CNG Hybrid Cars
    Demand for CNG hybrid cars and prices of such vehicles have soared since the Iranian government decided to triple gasoline prices overnight on Nov. 15, a business insider says. Alireza Pourhassani...
  • Local Carmakers Cannot Pay Their Bills
    Local carmakers Iran Khodro and SAIPA, are deep in the red owing part makers 230 trillion rials ($1.9 billion) one official with Tehran Chamber of Commerce says. Mohammad Reza Najafimanesh tells...
  • Carmakers’ Losses Exceed $830 Million in Six Months
    Iranian car companies have incurred losses to the tune of 100 trillion rials ($833.2 million) in the first half of the current fiscal year (started March 21), secretary of Iran Vehicle Makers...
  • Pride, Peugeot 405 to Retire by June 2020
    The longstanding debate over halting the production of poor quality cars in Iran has reached a tipping point with a clear deadline in sight, despite automakers bemoaning a lack of substitute for...
  • Iranian Automakers, SMEs Sign $108m Localization Deal
    In line with the state policy to localize auto parts production, two Iranian carmakers have signed agreements with local SMEs to provide some relief to the country’s auto industries that have been...
  • Iran Auto Output Down 22%
    Iran’s automotive output fell by 22.4% during the seven months ending Oct. 22 compared to a year earlier. According to data announced by the Persian economic daily Donya-e-Eqtesad, Iran produced...
  • IKCO Releases Two-Month Sale Report
    Iran Khodro Company (IKCO), the country's biggest car manufacturer, has announced that in the past two months, it has sold over 50,000 cars.  
  • Iran H1 Auto Output Dips Near 35%
    Iran’s automotive output declined by 34.8% during the first half of the fiscal 2018-19 compared to a year earlier. According to data published by Fars News Agency in the six months to Sept. 22,...
  • SAIPA Expanding Presence in Africa
    Iran’s SAIPA and South African car manufacturer Mureza are to jointly produce vehicles in Zimbabwe.  
  • Automakers, Tech Firms Sign Deals to Curb Foreign Reliance
    Over the past week, Tehran hosted an event to connect tech firms with automakers, on the sidelines of which several deals totally worth $162 million were signed. The government-backed Iran...
  • SAIPA Makes Pride With 45% Import Dependence
    Iranian carmaker SAIPA needs to import auto parts worth €1,400 for making each unit of Pride, a €3,150 vehicle that the company has been manufacturing for the past three decades. With a pompous...

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