Iran Auto Industry

Iran Auto Industry

  • 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...
  • Iranian Auto Parts Makers, SMEs Sign $100m Deal
    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...
  • 47% Decline in Iran's Auto Production
    Iranian car companies produced 47,317 cars and commercial vehicles during the month ending Aug. 22, indicating a 47.1% decline.  
  • Iranian Carmakers Mull JVs With Russian Counterparts
    As traditional foreign partners of Iranian car companies suspend their operations or leave, the local automotive firms are looking north and seeking partnerships with Russian counterparts....
  • Debate Flares Again Over Halting Pride’s Production
    The long-running debate over halting the production of SAIPA’s small car Pride has reignited, after Iran Traffic Police chief said license plates will not be issued for the vehicle as of March 2020...
  • Iranian Carmaker Eyes Local Tech Potentials for Developing EVs
    Domestic carmaker Iran Khodro is interested in utilizing the potentials of Iranian tech firms and knowledge-based companies to develop electric vehicles.  
  • US Sanctions Taking a Toll on Iranian Auto Parts Makers
    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...
  • Multilateral Deal to Boost Auto Sector
    Parts manufacturer SAPCO, affiliated to Iranian carmaker SAIPA, has signed agreements worth 4.2 trillion rials ($37 million) with Ferdowsi University of Mashhad and several industrial units based...
  • Iran Industries Minister: IKCO-SAIPA Debts Reach $8.8 Billion
    By October 2018, the accumulated debts of Iranian carmakers, Iran Khodro (IKCO) and SAIPA, had reached 1 quadrillion rials ($8.8 billion), the industries minister said in a recent interview. In a...
  • Deputy Minister Appointed Iran Khodro Chief
    Iran Khodro’s (IKCO) Board of Directors appointed Deputy Industries Minister Farshad Moqimi, 43, as the automaker’s new CEO.  
  • Carmakers Taken to Task for Iran Exit
    Iranian parliamentarians have harshly criticized foreign automotive companies over their “lack of commitment” and for terminating their operations in Iran in the face of US sanctions. A recent...
  • 70,000 of Road Fatalities Involved SAIPA’s Pride
    Over the past 11 years, 34% of those who lost their lives in road accidents in Iran, constituting 70,056 victims, died in SAIPA’s small city car, Pride.  

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