Iran Auto Industry

Iran Auto Industry

  • Another Car Price  Hike in the Offing
    09/23/2018
    Market observers are anticipating a new round of car price jumps in the coming days as the auto market adjusts to the most recent increase in the USD rate against the rial currency. The USD rate...
  • SAIPA Citroen Reassures Customers
    09/13/2018
    In a statement published on SAIPA-Citroen’s website, the joint venture between the French automotive firm and its Iranian partner once again reassured customers that the presold C3 cars will be...
  • Think Tank, Parts Suppliers Propose Rescue Package for Auto Industry
    09/11/2018
    In separate proposals, Iranian auto parts makers union and local think tank ITAN have put forward suggestions they believe if implemented by the government can help address the problems the country...
  • SAIPA Sales Campaign Triggers Frenzy Car Buying in Iran
    09/09/2018
    Iranian car manufacturer SAIPA managed to pre-sell 50,000 vehicles in less than two days, a testament to the public’s rush to turn their cash into safe-haven assets in view of the galloping...
  • Major Makers Endeavoring to Quench Market Thirst for Cars
    09/06/2018
    Two leading car manufacturers Iran Khodro and SAIPA are to offer 90,000 vehicles in the coming days to meet the overwhelming public demand for vehicles so as to help balance supply and demand to...
  • Gov’t Moves to Regulate Distribution Network
    09/04/2018
    Eager to contain the mounting public outrage over the recent car price hikes, the hard-pressed Industries Ministry has decided to shift the focus to aggravating factors closer to home, especially...
  • SAIC Motor Operations Take Off in Iran
    09/02/2018
    Despite the reinstatement of US sanctions against Iran's key automotive industry, a joint venture between China's SAIC Motor and Farda Automobile Manufacturing Co (FAM Co) has started operation in...
  • What to Expect From Tehran Auto Show 2018
    09/02/2018
    While the Iranian automotive sector is facing various headwinds, authorities are moving ahead with plans to hold a new round of Tehran International Auto Show in November, when the annual event is...
  • Iranian Government Introduces Rescue Package for Auto Industry
    09/02/2018
    A plan worked out by the administration of President Hassan Rouhani to mitigate the impact of US sanctions on Iran's economy is to provide the country's beleaguered auto sector with tax exemptions...
  • Gov’t Seeking Way Out for Beleaguered Auto Industry
    08/28/2018
    Iran’s Industries Ministry is preparing a support plan for the hard-pressed auto industry in a bid to salvage the key sector from plunging into further disarray which can hit thousands with...
  • Iranian Authorities Mulling Uncustomary Second Annual Vehicle Price Hike
    08/26/2018
    In light of recent developments in the forex market coupled with mounting pressure by carmakers, the authority in charge of regulating the auto market in a rare move has announced that it is poised...
  • IKCO Starts New Presales
    08/21/2018
    Major local carmaker Iran Khodro has introduced a special presale scheme, which started on Monday and runs until Aug 30. As per the scheme, eight models are on offer, including the locally designed...
  • Iran Auto Parts Makers Facing More Headwinds
    08/21/2018
    Given the turmoil surrounding the government forex policies which have hampered the import of raw materials, auto parts makers are struggling to keep production lines up and running amid a stream...
  • IKCO to Deliver Presold Peugeot 2008 SUVs
    08/19/2018
    Extending apologies for the prolonged delay in the delivery of presold units of the SUV model Peugeot 2008, Iran Khodro, the local partner of the French automotive company, has announced that all...
  • Auto Industry’s Facts and Figures
    08/19/2018
    During the first four months of the current fiscal which started in March, Iranian automakers manufactured 436,136 cars and commercial vehicles, down 0.1% from last year’s 436,413 units. According...
  • Auto Market Sees  Price Spikes Again
    08/16/2018
    US pressure on Iran’s key auto industry coupled with domestic faulty policies have pushed up car prices once again, only a few days after the introduction of the government’s new forex policy which...
  • IKCO Has Offered 274,000 Cars Since March
    08/16/2018
    Since the beginning of the current fiscal that started in March, Iran’s largest auto manufacturer, Iran Khodro has sold and presold 274,000 cars. Since March, the value of the rial has plummeted...
  • Iran Khodro Makes Inroads Into Azerbaijan Car Market
    08/14/2018
    Since March, and through a joint venture between Iran Khodro and the Azeri automotive company AzEuroCar LLC, over 300 units of family sedan model Dena have been produced in the Republic of...
  • Auto Importers Warned Against Price Gouging
    08/14/2018
    Iranian auto importers, who had brought vehicles into the country when the open market forex rate was significantly lower than the current average of 95,000 rials per US dollar, need to slash the...
  • Iran Auto Parts Industry Under the Cosh
    08/12/2018
    Few days after the introduction of government's new forex policy, local parts makers have expressed deep concern over the fate of their business. Parts makers are of the opinion that the updated...
  • Iranian MPs Put Plan Into Motion to Deregulate Auto Market
    08/12/2018
    Iranian parliament members in step with the government are moving ahead with a proposed plan to relax state sway on the country's auto market, a move aimed at removing the car price caps that are...
  • Iran Car Market Cools Down, Prices Retreat
    08/09/2018
    Following the spikes in car prices and a lingering stagnation in the auto market, Deputy Industries Minister Mansour Moazemi is optimistic that the new state forex policy will help alleviate shared...
  • Iran Khodro to Unveil Upgraded Models
    08/07/2018
    Iran Khodro, the largest auto manufacturer in the country, is reportedly set to showcase three updated versions of its cars, in the forthcoming Mashhad Auto Expo. The potential models are...
  • Iran, Brazil Eye Enhanced Automotive Relations
    08/07/2018
    Iranian and Brazilian officials are to engage in dialogue within the next few months to discuss expansion of bilateral ties in the auto industry. Details of a meeting between Brazilian Ambassador...
  • Automotive Exports Up 33%
    08/05/2018
    During the first four months of the current fiscal which started on March 21, Iran exported cars, commercial vehicles, tractors and auto parts with the total value of $40,277,057, indicating a 33%...

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