Iran Auto Industry
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May 27,2023An expert believes that the correct implementation of capital gains tax law could eliminate brokers from the car market and benefit real customers, but the passage of the law alone cannot solve the... -
May 20,2023SAIPA Automotive Group and Bank Sepah have agreed to forge cooperation between their respective affiliates, SAIPA Yadak and Omid Investment Management Group. In a joint meeting of the directors of...
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May 17,2023Three major problems have reduced the domestic production of automotive spare parts in the current fiscal year (started March 21). Delays in the payment of spare parts manufacturers’ dues, foreign...
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April 26,2023SAIPA Automotive Group’s monthly vehicle output registered a significant increase in the first month of the current fiscal year (March 21-April 20), according to the group's deputy for production...
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April 19,2023SAIPA has unveiled a new engine called ME16 that will be used in three cars and P90, which is the Iranian version of Renault Sandero. According to SAIPA’s CEO Mohammad Ali Teymouri, the main...
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April 17,2023The recent hike in the factory prices of two major Iranian automakers has increased car prices in the market but dampened demand, according to the vice chairman of Tehran Car Dealers Union. “With...
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April 10,2023The factory prices of cars produced by major domestic automakers Iran Khodro and SAIPA have increased by 29% on average, according to the CEO of SAIPA Automotive Group. “A price increase for...
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April 03,2023The 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...
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March 11,2023The domestic auto parts market is grappling with a price hike worsened by the jump in foreign exchange rate against the rial and delays in clearing imported car components in the last days of the...
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March 01,2023Vehicle production has exceeded 1 million units for the first time in four years, as 1.2 million vehicles were produced from the beginning of the current fiscal year (March 21, 2022), the head of...
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February 27,2023The domestic auto industry faces numerous challenges, the most debilitating of which is protracted disagreements between the government and the Majlis (parliament) over key policy decisions. Their...
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February 25,2023SAIPA has signed a deal to export 45,000 cars worth €450 million to Russia, the head of the Trade Promotion Organization of Iran (TPO) said. Speaking during a ceremony for signing the agreement...
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February 20,2023The factory prices of Iran Khodro Company’s (IKCO) vehicles will not increase in the Iranian New Year starting March 21, according to the company’s CEO. “As per the budget bill of 1402 [fiscal...
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February 11,2023The total number of vehicles (including heavy, commercial and passenger cars) produced in the 10 months ending Dec. 21, 2022 has grown by 20% compared with the corresponding period of last year,...
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December 11,2022The second joint agency of Iran Khodro (IKCO) and SAIPA was inaugurated in the presence of the CEOs of the two automakers. During the inauguration ceremony held on Dec. 8, Mehdi Khatibi, CEO of...
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December 07,2022SAIPA Automotive Group and Bank Saderat Iran have signed a memorandum of cooperation (MOC) in Tehran for producing new car models and increasing employment. At a meeting attended by the senior...
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November 28,2022Iran Khodro Company (IKCO) has produced more than 400,000 passenger, heavy and semi-heavy vehicles in the current fiscal year’s first eight months (March 21-Nov. 21). “The company’s record sale of...
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November 07,2022The weekly production of commercial and passenger vehicles has reached 14,000 vehicles, according to the Iran Khodro (IKCO) Industrial Group’s deputy director for development and production. Due...
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November 05,2022Domestic component manufacturers are exporting car parts to Russian companies and their main goal is to boost this trend, according to the secretary of the Association of Automobile Parts and...
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October 31,2022SAIPA Corporation plans to export 14,000 cars (3,000 QUIK and 11,000 Shahin models) to Iraq and Venezuela. Mohammad Ali Teymouri, the company’s CEO, made the announcement during a supply chain...
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October 29,2022The production of all types of vehicles (heavy, commercial and passenger) registered growth in the first seven months of the current fiscal year (March 21-Oct. 22), according to the head of Iran’s...
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October 19,2022SAIPA Automotive Group has unveiled Shahin Connect, which was developed in cooperation with Irancell, during the Future Cars 2 event held in Tehran on Oct. 19. The event was attended by Manouchehr...
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October 10,2022Iran Khodro Industrial Group’s (IKCO) passenger vehicle production reached 301,700 from March 21 to Oct. 4 and set a record, as it was 100,000 units higher than that of the corresponding period of...
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October 01,2022An expert reviewed the Industries, Mining and Trade Ministry’s document on the domestic automotive industry’s reform strategies and said a lack of a clear executive plan is its main flaw. “The...
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September 28,2022The policy of domestic car manufacturers changed this year from increasing turnover to completing cars with parts deficit, Saeed Madani, the former CEO of SAIPA, said. Automakers managed to...
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