Iran Auto Industry
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February 13,2019The Central Bank of Iran in a directive has required 12 local banks to grant loans to parts makers, as part of the ongoing state policy to rescue the struggling industry. In a letter carried by... -
February 06,2019The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’ mounting debt to...
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February 02,2019Despite the new US sanctions and economic challenges Iran is facing, Chinese carmaker Chery, is not only sustaining ties with the country but has also launched a new model in the fledgling auto...
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January 30,2019When French auto companies Renault and PSA Group (Peugeot and Citroen) started leaving Iran last year, observers held the strong view that Chinese companies would rush to expand and take their...
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January 30,2019With government intervention, the final price of Citroen C3 made in Iran via collaboration between local car company SAIPA and France’s Citroen has been announced. Following rumors and...
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January 28,2019After the US re-sanctioned Iran in the summer of last year, which also hurt the country’s car industry, operations of French auto companies, Renault and Peugeot, have declined rapidly. During the...
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January 26,2019Car buyers in Iran support privatization and a free market approach to the key industry and oppose generous state and government subsidies for the inefficient sector, a survey conducted by Iran...
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January 23,2019Local carmakers in Iran that long have earned the fury of an increasing number of people, respected environmental activists and prominent economists for their extended mismanagement and dubious...
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January 21,2019When it comes to higher-ups and top jobs SAIPA’s revolving door keeps on turning at unusual speed. On Sunday, Mohammad Reza Soroush was removed from his post as CEO barely after four months in the...
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January 12,2019Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head of Iran Standard and...
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January 07,2019Tehran Auto Show 2019 opened its doors to journalists for a preview on Monday. The public can visit the Jan. 8-11 event being held in Shahr Aftab (Sun City) Exhibition Center in south Tehran.
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January 05,2019During the nine months to Dec. 21, 2018 Iran’s auto production plunged to 763,519 cars and commercial vehicles -- a 31% year-on-year drop. According to Ministry of Industries data, during the nine...
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December 29,2018After carmaker Iran Khodro jacked up prices twice over the past few weeks, its archrival SAIPA apparently did not waste precious time! The second biggest carmaker raised the price of three models...
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December 17,2018Iran Consumer and Producer Protection Organization (CPPO) and local automotive companies have reached an agreement to jack up factory prices between 50-130%. After a long fracas, the CPPO and...
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December 01,2018Following the strange and extended delays in delivery of thousands of vehicles presold by domestic carmakers, would-be buyers and sections of the print media are openly accusing the state-...
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October 20,2018Khazar Car Company, an automotive joint venture between Iran Khodro and AzerMash OJSC, is mulling exports made in Neftchala, 168 km south of Baku, to Russia and Georgia, said the Azeri deputy...
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October 03,2018With the rial reportedly continuing its rally on Wednesday after weeks of steep decline, auto market insiders are reporting that car prices also are on a downward trajectory. Head of Iran Auto...
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September 22,2018Market 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...
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September 10,2018In 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...
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September 05,2018Two 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...
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September 03,2018Eager 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...
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September 01,2018Despite 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...
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September 01,2018While 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...
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September 01,2018A 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...
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August 27,2018Iran’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...
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