Iran Auto Industry
February 20, 2019 19:26
-
February 20,2019State-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... -
February 18,2019After 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... -
February 13,2019The 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... -
February 06,2019The 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... -
February 02,2019Despite 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... -
January 30,2019When 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... -
January 30,2019With 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... -
January 28,2019After 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... -
January 26,2019Car 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... -
January 23,2019Local 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... -
January 21,2019When 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... -
January 12,2019Due 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... -
January 09,2019Local 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... -
January 07,2019Knowledge-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... -
January 07,2019Tehran 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. -
January 05,2019During 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... -
December 31,2018The 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... -
December 29,2018After 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... -
December 24,2018SAIPA-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. -
December 17,2018Iran 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... -
December 03,2018Informed 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... -
December 01,2018Following 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-... -
October 06,2018The 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... -
October 03,2018Major 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... -
October 03,2018With 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...
