Saipa News

Saipa News

Follow the latest news about Saipa, Iran's 2nd largest car maker, along with prices, output, exports and international cooperations.

  • SAIPA Says to Produce 3,000 Renault Cars
    Pars Khodro, a subsidiary of SAIPA car company, has restarted producing Renault cars, the company said in a statement. Last March Pars Khodro stopped producing Renault vehicles because the “new US...
  • SAIPA En Route to Phasing Out Pride
    The long-running debate over halting the production of Pride, a poor-quality small city car produced by Iranian automaker SAIPA, has reportedly been concluded with a clear and close deadline. ...
  • Pride, Peugeot 405 to Retire by June 2020
    The 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...
  • Iran Auto Output Down 22%
    Iran’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...
  • SAIPA Expanding Presence in Africa
    Iran’s SAIPA and South African car manufacturer Mureza are to jointly produce vehicles in Zimbabwe.  
  • SAIPA Makes Pride With 45% Import Dependence
    Iranian 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...
  • Debate Flares Again Over Halting Pride’s Production
    The 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...
  • Iran Industries Minister: IKCO-SAIPA Debts Reach $8.8 Billion
    By 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...
  • 70,000 of Road Fatalities Involved SAIPA’s Pride
    Over 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.  
  • Deadbeat Carmaker on Wrong Side of Insurers
    Insurance companies have stopped offering third party vehicle insurance to new vehicles produced by SAIPA, Iran's second-largest automaker, due to the carmaker’s pattern of failure to settle its...
  • SAIPA Unable to Deliver Renault, Brilliance Cars
    Iranian 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...
  • Gov’t Reiterates Plan to Privatize IKCO, SAIPA
    The Iranian government plans to sell off its share in the two major automotive companies: Iran Khodro (IKCO) and SAIPA.  
  • Iran Auto Production Slides
    Since 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...
  • SAIPA, University of Tehran Sign R&D Agreement
    Iranian car manufacturer SAIPA has signed a research and development agreement with the University of Tehran to use academic potentials for boosting the key sector.  
  • SAIPA to Sell Brilliance H330 in Syria
    Iranian car company SAIPA and its Syrian partner SIVECO are to produce the Chinese-derived sedan Brilliance H330 in Damascus, Aleppo, Lattakia, Homs and Hama.  
  • 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....
  • 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...
  • $333m Loan for 2 Carmakers
    The 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...
  • SAIPA-Citroen JV Announces C3 Price Tag
    With 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...
  • CEO Revolving Door Doing Well at SAIPA
    When 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...
  • Car Buyers in Iran Get a Raw Deal
    Due 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...
  • First Iran-Made Citroen C3s Delivered in Tehran
    The joint venture company between France’s Citroen and Iran’s SAIPA delivered the first Citroen C3s made in the central city of Kashan to customers earlier this week in Tehran. Ali Momeni, sales...
  • Iran's Saipa Presells 43,000 Cars in 7 Hours
    Major Iranian car company SIAPA presold over 43,323 vehicles in less than 7 hours on Tuesday. Through the online presale that started Tuesday morning and was still underway on Wednesday, the...
  • Iran's SAIPA Delivers 26,000 Cars in 1 Month
    Iran's second largest carmaker SAIPA delivered 26,000 presold cars during the month ending Sept. 22.
  • SAIPA Citroen Reassures Customers
    In a statement published on SAIPA-Citroen’s website, the joint venture between the French automotive firm and its Iranian partner once again reassured customers that the presold C3 cars will be...

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