News ID: 315835
Published: 0146 GMT August 29, 2021

Iranian vehicle production nearly flat in March-July: Report

Iranian vehicle production nearly flat in March-July: Report

Figures by Iran’s Ministry of Industry, Mine and Trade showed that vehicle production in the country remained nearly stable year-on-year in the four months to late July.

Figures cited in a report by IRNA showed that total vehicle production by Iranian automotive companies between March 20 and July 22 reached 295,500, down one percent against the similar period in 2020.

The figures showed that pickup truck production had declined by 11.3 percent over the period, to 22,415 units, while bus, minibus and pickup truck production dropped by 1.1 percent year-on-year, to a total of 538 units.

However, tractor output reached 5,937 units, up 2.4 percent against March-July last year, said the IRNA report, adding that production of combine harvesters had picked up by nearly 31 percent over the four-month period, to reach 216 units.

The report said that the ministry had set a target for production of 1.2 million vehicles in the current Iranian year, ending March 2022.

The target, if met, would be nearly a 22 percent increase against figures recorded at the end of the year, to March 2021, when total output reached 984,200 units.

Iran’s newly appointed Minister of Industry, Mine and Trade Seyyed Reza Fatemi Amin said on Saturday that he would implement a two-year plan to transform and modernize the Iranian automotive industry.

Fatemi Amin said that the plan would include efforts to hit a production target of three million by 2025, and to supply one million vehicles for exports.



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