Iran Auto Industry

Iran Auto Industry

  • BIM to Lend $30m to Struggling Parts Makers
    State-owned Bank of Industry and Mine will offer 4 trillion rials ($30.7 million) in loans to 150 car parts makers working with local car company SAIPA. According to a report published on the bank...
  • Car Prices Shot Up Again in Iran
    After few weeks of relative stability in the chaotic car market, prices have shot up again reaching unprecedented highs leaving the people more perplexed than ever. The cheapest car in the local...
  • Rescuing the Dented Auto Industry, Again
    The Central Bank of Iran in a directive has required 12 local banks to grant loans to parts makers, as part of the ongoing state policy to rescue the struggling industry. In a letter carried by...
  • $333m Loan for 2 Carmakers
    The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’ mounting debt to...
  • Chery Unveils Arizzo 6 in Tehran
    Despite the new US sanctions and economic challenges  Iran is facing, Chinese carmaker Chery, is not only sustaining ties with the country but has also launched a new model in the fledgling auto...
  • China-Iran Auto Ties Uninspiring
    When French auto companies Renault and PSA Group (Peugeot and Citroen) started leaving Iran last year, observers held the strong view that Chinese companies would rush to expand and take their...
  • SAIPA-Citroen JV Announces C3 Price Tag
    With government intervention, the final price of Citroen C3 made in Iran via collaboration between local car company SAIPA and France’s Citroen has been announced. Following rumors and...
  • After Decades of Impressive Role in Iran Renault, Peugeot Start Fading
    After the US re-sanctioned Iran in the summer of last year, which also hurt the country’s car industry, operations of French auto companies, Renault and Peugeot, have declined rapidly. During the...
  • Car Buyers: (Kicker) Let Competition Prevail
    Car buyers in Iran support privatization and a free market approach to the key industry and oppose generous state and government subsidies for the inefficient sector, a survey conducted by Iran...
  • Iran Car Industry in Reverse
    Local carmakers in Iran that long have earned the fury of an increasing number of people, respected environmental activists and prominent economists for their extended mismanagement and dubious...
  • CEO Revolving Door Doing Well at SAIPA
    When it comes to higher-ups and top jobs SAIPA’s revolving door keeps on turning at unusual speed. On Sunday, Mohammad Reza Soroush was removed from his post as CEO barely after four months in the...
  • Car Buyers in Iran Get a Raw Deal
    Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head of Iran Standard and...
  • Iran Khodro Price Appetite Grows, Again
    Local automotive company Iran Khodro has once increased prices of several models by 30%, including the locally designed Samand, Runna, Peugeot models 405 and 206. According to new factory price...
  • Gov’t Support for Knowledge-Based Firms, Startups in Automotive Sector
    Knowledge-based companies and startups active in the automotive sector will get a boost following an agreement signed between the Vice Presidential Office for Science and Technology, and local...
  • Tehran Auto Show Opens
    Tehran Auto Show 2019 opened its doors to journalists for a preview on Monday. The public can visit the Jan. 8-11 event being held in Shahr Aftab (Sun City) Exhibition Center in south Tehran.
  • Iran 9-Month Auto Production Report
    During the nine months to Dec. 21, 2018 Iran’s auto production plunged to 763,519 cars and commercial vehicles -- a 31% year-on-year drop. According to Ministry of Industries data, during the nine...
  • First Iran-Made Citroen C3s Delivered in Tehran
    The joint venture company between France’s Citroen and Iran’s SAIPA delivered the first Citroen C3s made in the central city of Kashan to customers earlier this week in Tehran. Ali Momeni, sales...
  • Car Prices Almost Double: SAIPA Joins Price Race
    After carmaker Iran Khodro jacked up prices twice over the past few weeks, its archrival SAIPA apparently did not waste precious time! The second biggest carmaker raised the price of three models...
  • SAIPA-Citroen Prepared to Offer After-Sales Services
    SAIPA-Citroen, a joint venture between Iran’s SAIPA and France’s Citroen says that it has enough spare parts to provide customers with adequate after-sales services.
  • Car Prices Double!
    Iran Consumer and Producer Protection Organization (CPPO) and local automotive companies have reached an agreement to jack up factory prices between 50-130%. After a long fracas, the CPPO and...
  • Car Imports Remain at Zero in Iran
    Informed sources say the ban on auto imports introduced in June by the government will be extended to the next  fiscal year that begins in March. President Hassan Rouhani will present next years’s...
  • Taken for a Ride
    Following the strange and extended delays in delivery of thousands of vehicles presold by domestic carmakers, would-be buyers and sections of the print media are openly accusing the state-...
  • Iran Auto Parts Makers and Unending Predicament
    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...
  • Iran's Saipa Presells 43,000 Cars in 7 Hours
    Major Iranian car company SIAPA presold over 43,323 vehicles in less than 7 hours on Tuesday. Through the online presale that started Tuesday morning and was still underway on Wednesday, the...
  • Iran Auto Market: Carmakers and Prices on Slippery Slope
    With the rial reportedly continuing its rally on Wednesday after weeks of steep decline, auto market insiders are reporting that car prices also are on a downward trajectory. Head of Iran Auto...

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