Saipa News

Saipa News

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

  • 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    Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head of Iran Standard and...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...
  • SAIPA Sales Campaign Triggers Frenzy Car Buying in Iran
    Iranian car manufacturer SAIPA managed to pre-sell 50,000 vehicles in less than two days, a testament to the public’s rush to turn their cash into safe-haven assets in view of the galloping...
  • Underwriting of SAIPA Bonds Underway at TSE
    Iran’s second-largest auto producer has started the underwriting process of its 390-trillion-rial ($92.8 million) worth of Islamic bonds on Tehran Stock Exchange. Starting Saturday, the process is...
  • SAIPA Debuts Homegrown  Sedan at Shiraz Auto Show
    While SAIPA’s French partner Citroen has suspended its collaborations with the Iranian company, the local carmaker striving not to get marooned in the past has introduced a brand new model along...
  • Final Price of SAIPA-Citroen's C3 Still Shrouded in Doubt
    On Monday, Iranian news websites reported that the eagerly anticipated news on the price of the Citroen C3 hatchback, manufactured through a joint venture between Iran's SAIPA and France's Citroen...
  • Kia Cerato Sells Like Hot Cakes in Iran
    As part of SAIPA's extensive presale launched last week, the company offered a limited number of Kia Ceratos assembled in Iran, all of which were sold out in a few hours. The company's presale of...
  • SAIPA Jumps on Green Bandwagon
    Iran’s major carmaker SAIPA has completed the third phase of a scheme which aims to help mitigate the depletion of underground water resources. The plan allows the company to use 1,400 cubic...
  • No Change in Citroen’s Iran Strategy
    In the face of Washington’s withdrawal from the historic nuclear deal with Tehran, Citroen’s CEO Linda Jackson says while waiting for the European Union to take a clear position on US sanctions and...
  • SAIPA Devising Strategy  to Counter Headwinds
    Second largest automaker in the country SAIPA says they have an action plan in place in the event of probable headaches coming in the way of Iran’s auto industry. Managing Director of SAIPA Mohsen...
  • Citroen Presells 2,000 C3s in Iran Debut
    Through a joint venture with Iranian carmaker SAIPA, French automotive giant Citroen presold 2,000 units of its small city hatchback C3 in its initial offering in the country on May 16. According...
  • SAIPA-Citroen JV Announces Iran Presale
    Iranian carmaker SAIPA and its French partner PSA’s Citroen brand announced an upcoming presale of the Citroen C3 in Iran few days after the hawkish President Donald Trump pulled the United States...
  • A customer now has to pay 61 million rials ($14,523) to purchase the crossover Sandero Stepway, up 8.9% compared to a few days ago.
    Iran’s second largest auto manufacturer SAIPA hiked the prices for its products, some by as much as 9.4%, according to leaked data vaguely affirmed by officials. In an underhand move, SAIPA...

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