News ID: 272760
Published: 1253 GMT August 11, 2020

Iran’s car output up by almost 53%: Official

Iran’s car output up by almost 53%: Official

Iran’s car production increased by nearly 53 percent year on year during the month to July 21, 2020, said a senior official of Iran’s Ministry of Industry, Mine and Trade.

Soheil Me’marbashi, the head of the ministry’s Transportation Industries Department, added during June 21-July 21, Iran produced 106,018 of different types of cars, up from a total of 69,402 manufactured in the same period in 2019, reported Press TV.

He noted that the country’s car production surged by nearly 20 percent in the first four months of the current calendar year (March 20-July 21).

The official put the total output between late March and late July at 296,328 cars, saying the figure stood at 248,184 in the same time span last year.

The increase in production means the Iranian car industry is recovering from months of recession that came because of lower demands and closures due to the coronavirus pandemic.

Carmakers around the world have reported historic plunges in output as the pandemic has caused factories and dealerships to close in many countries.

That comes as two main Iranian car manufacturers, namely Iran Khodro Company (IKCO) and Saipa, had been struggling with low cash supply and logistics problems even before the outbreak of the pandemic in Iran in late February.

Me’marbashi said IKCO had been responsible for a bulk of the increased production of cars in Iran during the pandemic months.

IKCO’s total car production during the four-month time span to July 21 reached over 160,000; while Saipa churned out nearly 145,000 cars over the same period, added the official.

He noted that production of small pickups had shown the highest amount of increase, nearly 33 percent, between March and July, as some 25,218 units of the vehicle were manufactured in this period, indicating a rise of 6,198 units compared to the output in the same duration last year, which stood at 19,020.

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