Iran Auto Industry

Iran Auto Industry

  • Iran Government Removes Ban on Auto Presales
    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...
  • Car Prices and Twisted Narratives
    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...
  • Iran’s Defense Ministry Extends Helping Hand to Carmakers
    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....
  • Iranian Parliament Mulls Capital Gains Tax to Control Surging Automotive Prices
    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...
  • Iran Bans Auto Presales
    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,...
  • Lawmakers Pushing for Higher Car Prices, Loan Packages
    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...
  • Iran Parliament Passes New Law for Regulating Automotive Sector
    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...
  • Iranian Carmakers’ Woes Deepen
    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...
  • $844m Needed for Rescuing Iran’s Cash-Burning Carmakers
    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...
  • 700,000 Jobs Threatened in Iran Auto Industry
    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...
  • Iran's GIO Launches Auto Market Investigation
    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.  
  • Iran Auto Production Declines in 1st Fiscal Month of 2019-20
    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...
  • Car Prices in Iran: Chaotic Auto Market and Finger-Pointing
    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...
  • Iran: Car Prices Soaring Again
    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....
  • US Sanctions Against Iran Hurting Renault, Peugeot
    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...
  • MPs Go Ballistic Against Dysfunctional Automakers
    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...
  • Iran Auto Output Suffers Sharpest Decline in 18 Years
    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,...
  • Not the Best Money Can Buy
    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.  
  • No Stellar Performance
    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...
  • Iran 10-Month Auto Production Report
    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...
  • Iranian Carmaker Says Cannot Deliver Presold Renaults
    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....
  • Iran Central Bank, Carmakers Clash Over €844 Million Loan
    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...
  • Carmakers Special Sales Trigger Car Buying Frenzy in Iran
    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...
  • BIM to Lend $30m to Struggling Parts Makers
    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...
  • Car Prices Shot Up Again in Iran
    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...

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