News ID: 313503
Published: 0246 GMT May 30, 2021

Iran’s two-month car production over 118,500

Iran’s two-month car production over 118,500

Three major Iranian carmakers, Iran Khodro Company (IKCO), SAIPA Group, and Pars Khodro, manufactured 118,546 vehicles during the first two months of the current Iranian year (March 21-May 21).

The production by the three companies increased by 1.1 percent compared to the last year’s same two months in which the output stood at 117,257, IRNA reported.

During March 21-May 21, IKCO manufactured 54,281 vehicles, registering a 6.2 percent decline compared to the same period last year.

SAIPA produced 48,560 vehicles in the said period, of which 27,166 were manufactured during April 21-May 21. Production by thie automaker increased by 12.06 percent in comparison to the previous year’s same time span.

Pars Khodro manufactured 15,705 vehicles in the period under review, of which 6,639 were manufactured in the second month.

IKCO, SAIPA, and Pars Khodro manufactured 900,714 vehicles in the previous Iranian year (ended on March 20), which was 4.3 percent more than the figure of the preceding year.

The Iranian Ministry of Industry reported a 19.1 percent surge in car output for the last Iranian year.

The ministry expects output would increase by over 21 percent this Iranian year to 1.2 million units.

Iran has seen a major boom in its homegrown automotive industry in recent years as major international brands have almost no presence in a market affected by US sanctions.

Experts say increased output has become possible thanks to growing investment in local manufacturing of auto parts that used to be imported.

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