Iran Auto Industry
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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... -
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...
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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...
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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...
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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...
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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...
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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...
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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,...
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October 19,2019Iran’s SAIPA and South African car manufacturer Mureza are to jointly produce vehicles in Zimbabwe.
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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...
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September 25,2019Iranian car companies produced 47,317 cars and commercial vehicles during the month ending Aug. 22, indicating a 47.1% decline.
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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....
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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...
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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...
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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...
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July 22,2019Major Iranian automotive companies and 32 parts makers from the private sector signed a $60 million deal on Saturday to curb the auto industry’s reliance on foreign suppliers. During an event held...
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July 20,2019The €844 million loan earmarked for local auto parts makers is yet to materialize, due to disagreements between automakers and state players, a deputy industries minister says. In February, the...
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July 15,2019PSA Group’s sales in the Middle East and North Africa plunged 68.4% in the first half of 2019, punished by the automaker’s forced withdrawal from Iran under the threat of US sanctions. According...
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July 10,2019Demand for vehicles in the past four months has increased sixfold than the projected annual output of local car companies for the fiscal 2019-20, Iran’s industries minister says. “Since the...
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July 03,2019Iranian automaker SAIPA has registered pre-orders for 350,000 vehicles, of which about 50,000 units—mainly Renault and Brilliance cars—cannot be delivered even in the best-case scenario, an Iranian...
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July 01,2019As accusations against Iranian carmakers pile over the alleged hoarding of vehicles, the Industries Ministry has cautioned major auto firms to avoid shady practices and fall in line.
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June 26,2019With online platforms being barred from listing vehicle prices and extensive disruptions in the supply chain, the Iranian car market slid further into a murky state of disorder. It has been a...
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June 24,2019The Iranian government plans to sell off its share in the two major automotive companies: Iran Khodro (IKCO) and SAIPA.
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June 22,2019A two-year tussle between Iranian auto importers and government officials is coming to a close, with 7,500 imported vehicles receiving permits to hit the domestic roads. Secretary of Iran Auto...
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June 12,2019Since June 2018, Iran’s auto production has been plummeting. Data released by the Industries Ministry show that the decline has continued in the second month of the current fiscal year (ended May...
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