News ID: 318504
Published: 0422 GMT December 05, 2021

Iran’s car production expected to rise by 50%: Deputy minister

Iran’s car production expected to rise by 50%: Deputy minister

Deputy Industry, Mine, and Trade Minister Mehdi Sadeqi Niaraki said the country’s car production is expected to rise by 50 percent in the next Iranian year (to start on March 21, 2022).

“Private carmakers are trying to increase their output,” Sadeqi Niaraki said on Sunday, according to IRNA.

Noting that the annual demand for automobiles is about 1.5 million in the country, the official noted: “Production of one million vehicles is our forecast for the current [Iranian] year, and we expect a growth of about 50 percent for the next [Iranian] year.”

Back in August, Iranian Minister of Industry, Mine and Trade Reza Fatemi Amin announced a plan to produce three million vehicles a year by the Iranian year 1404 (beginning in March 2025), saying that this output is in line with the capabilities of the country’s automakers.

Fatemi Amin said that his ministry has a two-year plan for the auto industry based on which this industry will undergo serious changes and improve significantly.

“We must strengthen competition, improve management and economic mechanisms, and increase production in the auto industry in order to succeed in our plans,” Fatemi Amin said.

 

 

   
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