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June 10,2019
While complaints against local automotive companies over delayed deliveries have piled up at the judiciary, the government has given the green light to these firms to launch new presales, albeit...
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June 08,2019
It has been a month since Iranian e-commerce websites were barred from listing car prices. And now a section of local news outlets are reporting a “noticeable decline” in demand and prices, a claim...
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June 01,2019
Iran’s Defense Ministry is set to share its technological capabilities with local car companies Iran Khodro (IKCO) and SAIPA to curb the industry’s reliance on foreign auto parts suppliers....
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May 29,2019
Iranian lawmakers are studying a draft bill on the introduction of a capital gains tax to control the auto market that has experienced a sharp price hike in tandem with the upward forex rate...
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May 27,2019
Iranian carmakers have been barred from holding presales until they meet their overdue commitments and deliver orders placed earlier by customers, a deputy industries minister says.
Abbas Tabesh,...
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May 22,2019
The strong lobby of Iranian car companies in the parliament is pushing for a new vehicle price hike, with a lawmaker claiming car production costs surpass revenues and another MP calling on the...
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May 20,2019
The Iranian Parliament on Sunday passed a law on regulating the country’s automotive sector months after a turmoil spiked car prices to unprecedented heights.
In a talk with Majlis news outlet...
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May 18,2019
Major Iranian car companies are grappling with two main problems: lack of auto parts that have caused a sharp decline in production and a failure to clear the piling backlog of car orders they have...
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May 15,2019
An aid package worth $844 million is needed for saving Iran’s two chronically struggling carmakers.
Deputy Industries Minister Farshad Moqimi told ICANA that over 150,000 cars are in the...
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May 13,2019
If the Iranian government does not offer the local auto industries an aid package to the tune of 70 trillion rials ($466 million) soon, over 700,000 workers employed in the key sector will join the...
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May 11,2019
Following weeks of upheaval in Iran’s auto market when prices hiked hourly, the judiciary-affiliated General Inspection Organization of Iran has started an investigation into the sector.
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May 11,2019
The latest data of Iranian automotive companies show their output plummeted to new lows in the first month of the current Iranian year (started March 21).
Industries Ministry’s data show that Iran...
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May 04,2019
With car prices hiking north of 30% over the past three weeks in Iran, local media and officialdom have rushed in to lay the blame at the feet of auto dealers and online marketplaces.
Since...
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May 01,2019
Car prices have been soaring on an hourly basis in Iran over the past few days.
Vexed by the raging prices, Iranian parliamentarians have censured local car companies and government officials....
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April 27,2019
French automotive companies PSA Group and Renault have linked declines in their first-quarter revenues to their forced withdrawal from Iran under threat of US sanctions.
Data from Iran’s Ministry...
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April 15,2019
With the car market getting out of its Norouz Holiday hiatus, vehicle prices have once again started their rally. Irked by the latest price hikes, the Majlis has gone ballistic against the dented...
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April 08,2019
Iran’s automotive output suffered its sharpest year-on-year decline in 2018 since the 21st century.
Local companies last year made 1.34 million cars and commercial vehicles -- a 40% YoY decline,...
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March 30,2019
The cheapest to the costliest vehicle in Iran’s chaotic auto market have two key features few if any can miss: high price and low quality.
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March 11,2019
Up until Feb. 19 daily auto production in Iran plummeted to 1,969 units from 4,880 a year ago, showing an unusually 59.6% decline year-on-year.
Industries Ministry data show that in the one month...
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February 16,2019
In ten months to Jan. 20 auto production in Iran plunged by 35.4% compared to the year earlier.
Data published by the Industries Ministry show that during the period 812,979 cars and commercial...
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March 09,2019
Pars Khodro, a subsidiary of Iranian car company SAIPA, reportedly presold 36,000 Renault cars which it now says it cannot deliver because the new US sanctions have disrupted the supply of parts....
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March 04,2019
To help again rescue the dysfunctional local auto industry, the Central Bank of Iran agreed last month to lend €844 million to the two main companies, Iran Khodro and SAIPA.
Now the two sides are...
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February 20,2019
As car prices keep rising as never before, the two main Iranian auto companies, Iran Khodro and SAIPA, launched what they call are ‘special sales’, selling their cars like hotcakes.
Offering a...
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February 20,2019
State-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...
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February 18,2019
After 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...