Iran Auto Industry
December 11, 2019 18:15
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December 11,2019Major 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... -
December 09,2019Iran’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... -
December 02,2019Carmaker 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... -
November 27,2019Demand 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... -
November 25,2019Local 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... -
November 23,2019Iranian 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... -
November 20,2019The 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... -
November 16,2019In 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... -
November 09,2019Iran’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... -
October 23,2019Iran Khodro Company (IKCO), the country's biggest car manufacturer, has announced that in the past two months, it has sold over 50,000 cars. -
October 21,2019Iran’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,... -
October 19,2019Iran’s SAIPA and South African car manufacturer Mureza are to jointly produce vehicles in Zimbabwe. -
October 14,2019Over 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... -
October 07,2019Iranian 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... -
October 07,2019Major 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... -
September 25,2019Iranian car companies produced 47,317 cars and commercial vehicles during the month ending Aug. 22, indicating a 47.1% decline. -
September 21,2019As 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.... -
September 14,2019The 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... -
September 14,2019Domestic carmaker Iran Khodro is interested in utilizing the potentials of Iranian tech firms and knowledge-based companies to develop electric vehicles. -
September 11,2019Since 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... -
September 04,2019Parts 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... -
September 02,2019By 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... -
August 26,2019Iran Khodro’s (IKCO) Board of Directors appointed Deputy Industries Minister Farshad Moqimi, 43, as the automaker’s new CEO. -
August 12,2019Iranian 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... -
August 10,2019Over 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.
